| |
  
|
||||||||||
RED ALERT: 30-50% dollar devaluation in the next 12 months
Submitted by PresidentRich on Thu, 02/25/2010 - 14:53
Lindsay Williams just revealed on the Alex Jones show that his contact within the global elite says that there will be a 30-50% dollar devaluation in the next 12 months. |
|
|||||||||
The Daily Paul is a community website with no official affiliation with Ron Paul or his Presidential Committee. The content of posts and comments on the Daily Paul represent the opinions of the original poster, and are not endorsed, approved, or otherwise representative of the opinions of the Daily Paul, its owner, site moderators or Ron Paul. This site may contain adult language and adult concepts. If you are offended by such content, or feel you may be offended by such content, point your browser to a different site IMMEDIATELY. For more, read the Full Disclaimer
© 2007 - 2011 by The Daily Paul. Not paid for by, nor officially affiliated in any way with Ron Paul. | General Site Disclaimer | DMCA Disclaimer | Advertise here
things that make you go
things that make you go hmmmmm
Linsay Williams also said
Linsay Williams also said that John McCain would beat Obama to become President and the cost of oil would hit $500 a barrel a year ago. Although the dollar is destined to fail, I wouldn't take everything he says as truth.
I listened to his interviews
I listened to his interviews a number of times over the past two years. I don't recall him ever saying $500 a barrel. I do remember him saying something about oil going down to $50 in order to bankrupt some countries or cause financial problems for them. But definitely not $500. You should probably post a source for this info if you have one.
...
While he didn't think Obama
While he didn't think Obama would win to his credit he did go public with the news the price of oil would drop and it did. Not sure where you're getting $500 from.
Thanks for pointing this out.
Thanks for pointing this out.
If the cost of goods goes up
If the cost of goods goes up because the currency is worth less, and interest rates rise, what will that do to real estate?
In my opinion,,,
If the cost of living doubles, for most people it will take most of their money to just buy essentials, therefore not to many people will be able to save enough for a down payment on property, let alone make new house payments.
I would say in this scenario real estate prices will fall because there won't be many buyers that qualify for loans.
Although, if house payments were cheaper than renting in some areas, housing prices may remain stagnant.
If you have enough cash to buy a house you can negotiate a good price in your favor.
beesting
you think anyone will go to work
and not protest if they dont get a 50 percent pay raise?
Good Point.
Where would the money from a 50% pay hike come from if businesses are surviving on a shoestring right now?
I see government employees { Police, teachers, firemen, etc.etc } all striking for more money,,,,but the only way they could get more money would be out of the tax payers pocket.
Which would escalate into more and more unemployed, and finely a breakdown of society as we know it.
The old USSR collapsed when government employees were not getting paid, and everybody just stayed home and tried to raise their own food.
beesting
Gold and silver will go to the moon...
Hope you all have some physical gold, and silver is all I can say.....
50% seems logical considering they doubled the money
supply. That's always been the mathematical argument for me..
Mathew 5:9 Blessed are the peacemakers: for they shall be called the children of God.
Inflation Mechanics
Using Inflation to show how you get 50 pct makes sense. (The Inflated money supply is the devaluation mechanisim)
What I can Not make sense is the title of this thread. What is the mechanisim that is used to formally devalue the dollar. With a gold standard I get it - but we are not on a gold standard.
So I do not see how the formal 50 pct devaluation mechanisim works.
I was in Japan Aug. 15th, 1971.
The day the U.S. dollar was no longer redeemable in Gold at the international level.
Right away the exchange rate fell for U.S. dollars from 360 Yen to the dollar to about 240 Yen to the dollar in Japan.
But when I came back to the U.S. in a few weeks, prices hadn't changed very much, however prices started a slow upward climb and by 1978 everything had doubled in price.
It was blamed on OPEC who were said to have caused an oil/gas shortage, but I think it was the devaluation of the dollar at the international level catching up to prices at all levels in stores.
Bottom line:
If gas/diesel prices double look for everything else to go way up, because almost everything is trucked to the market places.
beesting
That's Easy
Print one trillion $. Use it to buy all other currencies on the FOREX. You could "devalue" 50% in 15 minutes. Fiat is even easier than gold.
http://goldsteinrepublic.com
With the brainiacs we have pulling the strings
they may just declare all fees, permits, licensees, taxes, and all other things "due" to the government immediately raised by a given percentage thinking that this would cause the purchasing power to drop and therefore devaluing the fiat currency.
I just don't know, how do you devalue something that has no real value?
*May the only ones to touch your junk, be the ones you want to touch your junk.*
I don't know about all that. I just look at basic
algebra. 2 x (money)=money/2
Mathew 5:9 Blessed are the peacemakers: for they shall be called the children of God.
Why would a sane person
sell real estate at deflated prices & buy Gold at inflated prices ? Just to wait for a devaluation that the FED does not want to happen..The Fed would loose interest payment value..Devaluation also would hurt the FED as it is their currency..
no choice
people are in hock up to their eye balls. they cant afford to pay. inflation will hurt the creditor but help the debtor thats the way it is. hold gold hold silver and dont hold your breath.
You were better off observing.
In commenting, you start to lose the possibility of being able to have someone believe that you knew what you were talking about.
First off, it is LOSE.. not loose.
Secondly, gold does not lose purchase power in a devaluation.
Third, a devaluation does not hurt the Fed at all... you still owe debt, because you have to pay it back in thier own monies. Don't think dollar value... think purchase power. Dollar value is a myth.
Forth, real estate is about 3 years away from bottom... RE prices are still inflated. Selling while inflated is a good thing.
Fifth, if you think gold prices are inflated now, wait until you can no longer buy it. Supply and demand...
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
Thanks for the spanking
I'm not a typist & sometimes don't take time to correct spelling ..I am not believing "devaluation".. I am believing (deflation) by controlled means of IMF selling gold..the Feds do not want to loose puchasing power ..Unless they want their own currency to crash ..Maybe..As credit & gold is exchanged for dollars there is a stabalization affect..They are ahead of the financial curve so I would have to assume they are selling gold for a reason..
I figure a smart person can figure a mispelled word .
Didn't we just have the greatest real estate crash in history?
I'm not trying to spank you.....
All I am trying to point out is that the last few days you keep pointing out that you don't know what you are talking about...
Then you go and talk about it at length.
Again, it is LOSE purchase power.
Loose is the opposite of tight.
Lose is the opposite of win.
The IMF is selling gold because they have a buyer... the new harvesting fields of the world's central bankers.
China.
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
Then as you say
There will be lots of gold no one can afford to buy.
And the Chiness will have to eat rice..
Which is what brought us to the financial crisis.
Which is why they printed more money..
hypothetically...
If you owed a bank 1 million dollars and those same dollars were worth 50% of the original value when you paid the bank off, it would make it cheaper because the 1 million you paid back would only have the purchasing power of 500K, right?
Always remember:
"It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds." ~ Samuel Adams
Stay IRATE, remain TIRELESS, and set those BRUSH FIRES everywhere you go and in all you do!
when inflation hit
You could sell your assets for more than what it WAS worth or more than what you owe..It would be a good thing for sellers if they can sell..It hurts purchasers.
The Fed has already "Cashed
The Fed has already "Cashed Out" so to speak. We have already been Looted and Robbed. They could care less. They are just going theough the motions until "D" day. :(
There is no Left or Right -- there is only freedom or tyranny. Everything else is an illusion, an obfuscation to keep you confused and silent as the world burns around you." - Philip Brennan
"Invest only in things that you can stand in front of and pr
I was
at my insurance company the other day which i frequent a lot. When i go there we talk about gold and silver and other happenings around the world. She has not purchased any until now. Well the day before I went in an international banker was there from HP telling her he and all his banker friends were liquidating there large estates in Mexico and all moving into gold. He told her that this summer was the time for the fall of the dollar or the devaluation. Guess what she now is investing in gold
I am so sick and tired of
I am so sick and tired of people trying to predict the timing of the collaspe. Last year it was oh, there will be a bank holiday late August early September. It will happen, but anybody predicting the timing is just throwing mud at the wall.
There is no Left or Right -- there is only freedom or tyranny. Everything else is an illusion, an obfuscation to keep you confused and silent as the world burns around you." - Philip Brennan
"Invest only in things that you can stand in front of and pr
They are welcome to it
They are investing at the inflated rate..IMF is selling..They have the cutting edge.
Time to make a new car purchase
...and a little for silver coinage.
how so...
could you explain?