U.S. Dollar Now Ripe For Catastrophic Devaluation

Quote from Bob111:

look...today we got up to the point where gtv can do whatever..you can buy physical gold-they can confiscated it. it been done before..what's the point then?

http://en.wikipedia.org/wiki/Executive_Order_6102

and they can even confiscate your profits from investing in gold if they want..disagree? gvt will come up with something like-you buy gold-you will be the one,who betting against the dollar and will be declared as a financial terrorist...buying gold or gold futures? prison time.. nothing is going to surprise me today..
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Follow the yellow brick (gold brick) road to Oz (Oz the prison)
 
Quote from DrPepper:

This article suggests that the rest of the world is going to insist upon us devaluing our dollar proportionate to the increased money supply or they are going to devalue the dollar for us by selling their US treasuries. Either way, the value of the dollar is going to decline significantly and sooner than we thought. All of a sudden, $1350 and ounce for gold and $23 for silver looks cheap.
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another solution to create inflation..also add yan talk..Chinese currency rise=their shit is going to rise in price=inflation in US..
the bottom line is very simple-we are going to have helluva inflation. and it's looks like "they" pushing all the buttons. look at Iran situation..i'm damn sure there is will be some action pretty soon. nobody gives the shit about their nuclear stuff...it's to create instability in region=oil go up=inflation.since we can't really fight-we have to adapt and try to profit from it somehow..the question is :how?
 
Quote from Bob111:

and they can even confiscate your profits from investing in gold if they want..disagree? gvt will come up with something
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The government is one step ahead of you. They put a provision in the (non) health care bill that requires a 1099 for any sale over $600. Therefore, they will know when you sell your PMs and will tax you on the capital gains. Too bad you cannot deduct the loss on your depreciating dollars.

I think confiscating gold would be too difficult in this century. However, I would not put it past them.
 
Quote from DrPepper:

The government is one step ahead of you. They put a provision in the (non) health care bill that requires a 1099 for any sale over $600. Therefore, they will know when you sell your PMs and will tax you on the capital gains. Too bad you cannot deduct the loss on your depreciating dollars.

I think confiscating gold would be too difficult in this century. However, I would not put it past them.
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here we go. i don't think that confiscation of bullions or coins will be really difficult. they will issue an order and you will be obligated to bring your gold to the nearest BOA or Citi branch. and you will,because if you are not-you will get something like 10 years and 1M fine. nice and simple.end of story. i'm pretty sure that every single purchase of those items already have to be reported to some gvt agency. if not-shouldn't be a problem to run a query and pull up all purchases @ kitco for example.

and i believe that is the reason why this market is keep going up..it's not pricing in fu*ng "recovery"..it's pricing in upcoming inflation..
 
Quote from Bob111:

i didn't read the whole thing..and i'm no expert in currencies or economy or whatever....i'm average joe the plumber...here my view on this shit...so far US situation is very similar to Japan..and i believe the outcome will be similar too..currency will be trashed along with house prices..Heli Benny is doing everything to artificially create an inflation..don't fight the fed..remember that? strong currency is not in feds policy...not today,not tomorrow..inflate or die..that's today's policy..trash the currency, print as much as you can.. so commodities will go up and here you have it...gas is up...now price of milk at wawa(my favored gauge) been on rise recently..all the way up from 1.75 to 2.05 in less than 6 months..that's almost 20%..price of every piece of food is up big time...only f* g flat TV prices are flat..and that's how us gvt measure inflation...in TV's and ipads..
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We wont be like japan. Japanese are hard workers. You see them working 16 hours per day, 6 days per week from an early age. Even the ones without education work hard.

Americans cant even get out of their chairs to mow the lawn. how are we supposed to recover until people work?

demotivational-posters-meanwhile.jpg
 
We wont be like japan. Japanese are hard workers. You see them working 16 hours per day, 6 days per week from an early age. Even the ones without education work hard.
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not only because of that,but because US gvt and Fed do have more toys to play with. so far-us is moving into japan -like scenario for last 3-5 years and it's not what us gvt wants. deflation-bad for debtor.inflation is good obviously. that's why Fed and DC is pushing every possible button to inflate. you don't have to be economist or nobel prize winner to figure this one out.
 
Quote from Fireplace:

If they actually measured food and gas prices and added them to the CPI calculation we'd have much higher inflation which, in turn, would add an even bigger liability to SS payments and other entitlements tied to inflation.

I think the bottom line is, govt stats are distortions of the truth, that serve the govts purposes at the expense of the truth.
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Food and gas are included in CPI....CORE CPI strips them out.
 
Quote from Bob111:

we have to adapt and try to profit from it somehow..the question is :how?
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Buy real assets such as precious metals and farmland, as well as real asset stocks, such as oil, agricultural and mining stocks.
 
The last time the Chicken Little's were screaming about USD collapse it rebounded quite nicely.

I'm not sayin.......

I'm just sayin.
 
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