pstarr wrote:A quick glance tells me it's not nonsense. But then who am I? Just more nonsense I guess lol
The US dollar, long a symbol of American economic might, has fallen steadily this year.
The value of the dollar index, which tracks the dollar against six major global currencies, has fallen about 10% since January.
....
The dollar, which surged in 2014 as the US economy gained strength, is hardly in danger territory. The index is running just a bit lower than it was a year ago.
......
"The weaker the dollar is, the poorer Americans are on average," says Mr Frieden. "That's not just rhetoric. That's the reality."
The dollar will collapse.
baha wrote:Outcast_Searcher wrote:Realistic people deal with it by doing prudent things in investing in inflation hedges, such as the broad based stock market(s) long term.
I agree and I do this to some extent. I discussed this with my mom's financial advisor and he agreed there was an alternative approach of buying and paying for things in today's money and riding it out.
Interest rates, returns on investment, inflation...these are all games bankers play with your money. If you buy your house and your power for the next 20 years, what difference does it make where the dollar falls...you already spent them
This is coming. The dollar will collapse. It's a good thing. then we can re-think.
marmico wrote:The dollar will collapse.
Relative to what - ruble, renminbi, yen, euro, gold, wheat, eggs, iPhones, netflix, natural gas, lithium, root canals, viagra, yadda, yadda?
The US dollar is, however, only one player in a world wide game of fiat. The major one for sure, but not the only one. The world's central banks are owned by a handful of people who run all of them on the same theory. The world economy is now in decline. We know that because the sum of world GDP increases are less than the sum of new debt formation. Presently almost 10 to 1. The only way that existing debt can be serviced is from the liquidity formation that is originating at the central banks. Otherwise the entire monetary/ financial system would collapse almost instantly from an avalanche of cascading defaults. $250 trillion of them!
Will the US dollar collapse? When it does it will be right along with all of the other same forms of currency. Being US centric is a very constrained point of view!
But we don't make many goods anymore...
onlooker wrote:Marmico and Outcast, Short already was clear that collapse will be universal among all currencies.
baha wrote:Good question OS, where do gold and silver fit in? You can't eat it...but people seem to like it
I know you are not picking on me but I will say, just like your family, being self-reliant doesn't make you a collapse-nik. And I am not wringing my hands...I am having a blast.
baha wrote:I'm sure you know, the point is living your life however you want. But finding a way to enjoy it no matter what
Doomerism is just a way of life for some people.
Users browsing this forum: No registered users and 8 guests