Comments like this are to be expected; but then again hoping that food will be in the stores a month from now would make that person the moron. The fact that I can see the government going downhill fast (peak oil, over population); makes me prep for my family. If your not poor, I suggest you do the same.
So Long, US Dollar (Petrodollar article)
- Thread starter guerilla
- Start date
Comments like this are to be expected; but then again hoping that food will be in the stores a month from now would make that person the moron. The fact that I can see the government going downhill fast (peak oil, over population); makes me prep for my family. If your not poor, I suggest you do the same.
You can do this in any currency your heart desires. Dollars are still useful as they're the main medium of exchange in the US. What I mean by no currency risk is you're not exposed to other currencies. But there's nothing stopping you buying dividend stocks in any currency anywhere.
The purpose is not to eliminate currency risk as such but own and control as many valuable assets as possible. Because I can assure you if the dollar went to zero, the things (assets) you own will be the least of your worries.
started with my money in USD, which is tired, and going to collapse
traded it to EUR, which is tired, and going to collapse
used it to hire hookers, who are tired, and going to collapse
spent the profit on cocaine, i am very tired, going to collapse
what are we talking about again?
traded it to EUR, which is tired, and going to collapse
used it to hire hookers, who are tired, and going to collapse
spent the profit on cocaine, i am very tired, going to collapse
what are we talking about again?
When shtf, will you not share all the farm food with all the other white people around you? Will you keep all for yourself and family while letting the others die?
I can guarantee that there are cities in the U.S. that you don't want to be in if inflation starts to spike much more sharply. The federal and local governments are pretty ill equipped.
The United States rose to Superpower status in the early-to-middle 20th century because it was very easy to. Most of the developed world (a.k.a Europe) was pretty set back with devastation from 2 World Wars.
When your only real competition is a poorly run communist nation (U.S.S.R) it's not hard to be the best
.
Now that we have some real competition, U.S.A actually has to try
.
When your only real competition is a poorly run communist nation (U.S.S.R) it's not hard to be the best
.Now that we have some real competition, U.S.A actually has to try
.
The United States rose to Superpower status in the early-to-middle 20th century because it was very easy to. Most of the developed world (a.k.a Europe) was pretty set back with devastation from 2 World Wars.
When your only real competition is a poorly run communist nation (U.S.S.R) it's not hard to be the best
Now that we have some real competition, U.S.A actually has to try
The USA rose to Superpower status because it was an incubation nation for ideals and innovations, and a Government that cultivated an environment that allowed them a place to truly take off more so than other nations from the 1800s through mid-1900s. It wasn't because there was no one else to compete with, it was just that every other nation was so ridged over millennia of culture that they just couldn't compete with a more fluid government and set of ideals.
When you combine the above, it's no wonder that the nation as a whole will become more prosperous quicker than surrounding nations. This was true with Rome, China, France, and Britain in the past when they held the great thinkers and flexible governments at the time that allowed innovations to flourish.
Like them, corruption and complacency win out and allow other nations take to their place.
Sure, I agree with you.
My point was most people talk about "U.S.A's rise to superpower status" at the end of WW2. When you factor in that the majority of developed nations were demolished and had to spend decades recovering, it's not hard to be #1
.The US will be in the lead for a long time to come. The only contender to the USD was the Euro and now see what happened to it. Other developing countries says they trust each other but these countries changes policy and directions more than babies changing their diapers on a rainy day.
If these countries really do go all out and start trading using their own currencies, their currencies will go up and down wildly depending on the size of the transactions, they will still need an agreed and reputable third currency that both countries trust, and that is still the USD.
Most of the problems you're complaining about in the US are happening on regular basis in those countries and no one even raise a voice. Unlike the British, the US, while having the most powerful military force on the face of the planet also has a good number of population and land.
If these countries really do go all out and start trading using their own currencies, their currencies will go up and down wildly depending on the size of the transactions, they will still need an agreed and reputable third currency that both countries trust, and that is still the USD.
Most of the problems you're complaining about in the US are happening on regular basis in those countries and no one even raise a voice. Unlike the British, the US, while having the most powerful military force on the face of the planet also has a good number of population and land.
Remember that the EU is not the United States of Europe just yet.
They have the Euro, it has problems.... but when they unite with a sort of Federal Gov... like the us... they will be the #1 super power, at least in terms of economy.. if they chose to build up there military it would be incredible.
The us used to be largest Creditor Nation of the World... now it the largest Debtor Nation in the world.
The eu looks like a mess right now.. but i think in the end they will emerge as the #1 super power in the world.
Europe needs more time for its politics... when they have more united vision.... it will explode to a great power....
The united states is losing power... the eu is just starting to form its UNION. The us is in its later stages.. were as the eu is just beginning its quest for global power.
They have the Euro, it has problems.... but when they unite with a sort of Federal Gov... like the us... they will be the #1 super power, at least in terms of economy.. if they chose to build up there military it would be incredible.
The us used to be largest Creditor Nation of the World... now it the largest Debtor Nation in the world.
The eu looks like a mess right now.. but i think in the end they will emerge as the #1 super power in the world.
Europe needs more time for its politics... when they have more united vision.... it will explode to a great power....
The united states is losing power... the eu is just starting to form its UNION. The us is in its later stages.. were as the eu is just beginning its quest for global power.
That's a pure fantasy, the EU is not a country and it will never be. The problem with the EU is exactly that, a common fiscal policy with no way to enforce it.
Unless Germany resurrect Hitler and try to conquer Europe again, there will be no EU in the future. At least not in the form they are now.
Too many things coming at the U.S. all at once. Just saw that the Labor Force Participation Rate dropped to a 30 year low and the chart shows 3 years of very steep decline with no indicated end at the moment (chart here People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981 | ZeroHedge ). There are now 88,419,000 non-working people in the U.S.
So the official unemployment rate drops to 8.1%, big f'ing deal.
So the official unemployment rate drops to 8.1%, big f'ing deal.
The EU neither needs to be a country, nor does there need to be a 3rd currency to surface as common trade currency, as you mentioned in your post on the previous page, for the USA to lose its dominate super power status. All that needs to happen is for a nation, anywhere, that has outstanding debt to fall.
What happens then is a snowball effect. There's a reason that the EU was begging Germany to loan more money several months ago, before the USA loaned it. The current fiscal policies among all developed nations have placed them in very compromising positions. All the banks have a spiderweb of cross-debt and credits to one another that would require some radical changes to make right.
To make everything right requires either all the debt the nations owe to be absolved, or it all be paid off. Currently, there is no way anyone can pay off all their debt, so absolving debt is the only answer. The only question is when and how this happens, because it's going to cause someone's nation to collapse when it does.
The popular theory on how this happens is printing large sums of money to pay the debt off right before swapping to a new currency. I'll let you ponder the ramifications of this, and the shifts in governments that will result.
