The final collapse of the US dollar it is just around the corner

Quote from olias:

Many will disagree with me, but I think it's under control. I have confidence that the US, and the dollar will recover. We're in a rough spot, but we will sort it out.
More...

that is certainly a contrary opinion. not every contrary action works out. investing on hope is not the way to make money. the unwinding of government excess has not even begun. you are likely way to early.
 
Quote from zdreg:

that is certainly a contrary opinion. not every contrary action works out. investing on hope is not the way to make money. the unwinding of government excess has not even begun. you are likely way to early.
More...

The man is right. Historically, Hope has a bad ROI.
 
Quote from olias:

Many will disagree with me, but I think it's under control. I have confidence that the US, and the dollar will recover. We're in a rough spot, but we will sort it out.
More...

I too believe it is under control. We just need to convince more people of it.
 
May 4, 2011

SouthAmerica: Believe it or not this is real news from CNBC:

CNBC: Did US Special Forces Just Rescue the Dollar? - May 4, 2011
http://finance.yahoo.com/news/Halft...911.html?x=0&sec=topStories&pos=7&asset&ccode

I am not making this up, but the CNBC piece said: "History shows us that the country with the strongest military is always the reserve currency," said Cortes, founder of Veracruz. "I think the ability of those heroes, of SEAL Team 6, to project power globally shows us that U.S. military is uncontested in its dominance and I think the currency will re-assert accordingly."

This guy must be kidding.

This thing is becoming “Pathetic”: Bin Laden to the rescue of the US dollar.

The Osama Bin Laden staged death was designed as a desperate act to save the collapse of the US dollar.


*****


Here is a video with the detail information regarding Osama Bin Laden latest affair
http://www.imdb.com/title/tt0120885/

.
 
My concern here is time frame:

America is on it's way down!
American will recover!

Will both happen? probably, will they happen in the next 5 years? perhaps one will. will they happen in the next twenty years? perhaps, but probably only one or the other (I'm leaning to recover).

On the other hand if we look back at it in 100 years, and the dollar is internationally worth half what it is, would it be gradual (how gradual?) or sudden (how sudden?). for that matter, in a century there may not BE a dollar; there may be a "western currency" or even a "developed nation's currency".

So unless you feel confident that you can predict it to with a couple of years, back off-you are doing nothing useful, nor demonstrating knowledge; merely speculation.

Personally? I can't predict what happens until i know who wins the next presidential election. I'll give you this though: if Obama wins the dollar will shrink some more, employment will continue to go up, and net saving balance of both the gov't and the public will go up. does that make "the dollar" strong or weak?
 
.
May 5, 2011

SouthAmerica: Reply to Doctor100

You said: “So unless you feel confident that you can predict it to with a couple of years, back off-you are doing nothing useful, nor demonstrating knowledge; merely speculation.”

After you read these threads you will get the point:

Brazzil magazine
Published: February 13, 2005
“It’s 2008. The U.S. Has Dragged the World into a Depression”
By Ricardo C. Amaral
http://www.brazzilmag.com/component...-has-dragged-the-world-into-a-depression.html


***

You can see a discussion about the article on the Elite Trader Economics forum at:
http://www.elitetrader.com/vb/showthread.php?s=&threadid=124509&perpage=6&pagenumber=1

*****

The US dollar and the biggest default in history
http://www.elitetrader.com/vb/showthread.php?s=&threadid=121313

*****

Central Banks and the US Dollar
http://www.elitetrader.com/vb/showthread.php?s=&threadid=81958

*****

SouthAmerica: Two friends of mine mentioned to me that they had seen the enclosed video, and that Bill Gross, Jim Rogers and I were quoted on this video regarding the coming collapse of the US dollar.

Over 500,000 people have seen this video so far, and I am quoted around the minute 38 to 41 into the video presentation about the collapse of the US dollar. This was the first time that I heard of Porter Stansberry.

http://www.youtube.com/watch?v=nI-BIVWlc7A

.
 
You must log in or register to reply here.
Back
Top