lots of questions about a dollar collapse
Submitted by phred on Mon, 03/01/2010 - 11:39
RP has talked a lot about an inevitable collapse of the dollar. Lots of questions regarding this event. What does it mean when we talk about the collapse of a currency? What are some the effects/results of such an event? What would happen to the economy at-large - banks, wall street, etc.? What would be typical effects on our personal lives? I'm trying to understand the range of problems and opportunities involved if the dollar goes belly up.
If you have the time
And the stomach for it watch Fall of the Republic on YouTube.
"Obamney care," Nuff said.
What will happen more than
What will happen more than likely is imports will stop because our currency is worthless and other countries will want hard assets. So You can look forward to gas shortages and food shortages in the winter. Oh wait scratch that everything is made in China now so You might see walmart empty for once. If there are goods You will see prices go up by the day if not hourly. The sheeple will cry help us oh so benevolent government. The government will say its the damn oil companies or some other external problem ( Anything but themselves ) and institute price controls to control prices of goods to combat the evil oil companies or whatever greedy enterprise. Workers such as farmers will loose more and more money due to the price controls and eventually when they are working for free they will say fuck it and refuse to work thus causing shortages of goods and services. The people will cry out to the benevolent government to help them in their time of need and the government will do the most benevolent thing possible and create a new currency. The old peoples retirements and the so called rich will then be wiped out over night left only holding their hard assets such as land or gold if that isn't confiscated by popular taxing...
See the elite are evil people that really need to be put down like dogs but then again the people are ignorant and they will play them like flutes ... So get ready for a fun ride and wait for Obama or some savior figure to come save the day (even though they created the problems).
Very good point on imports..
Very good point on imports.. I remebr hearing that a couple years ago but forgot about it. Time to stock up on ther things too.
“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul
oops
double post
this is so easy to understand
this is so easy to understand ...... Look up hyperinflation in WIKI ... They have a picture of a woman in Germany burning her money for warmth because the coal had more value....
Its a easy concept to remember really. If You have more money in circulation then the gdp of the country it causes inflation. If You have less money in circulation than gdp it causes deflation. The federal reserve controls our money supply and it loans it out to the banks and to the government at INTEREST. If You don't believe it them why do they set interest rates and why does the government owe them 5 trillion in debt?
The government has increased the money supply by 23 trillion so far with all these bailouts meaning in the future You might see prices jump over 100%...
This hurts the poor and the middle class because it wipes out all forms of savings over time and the people are to ignorant to figure it out. We tried telling people during the primaries but oh no We are a bunch of wacco conspiracy theorists....
Just watch the "money masters" and "money as debt" if You want a good understanding or what is going on... Also look into the Argentina financial collapse it will tell You what argentina did ...
Don Kohn Fed VP History , Face Picture, Retiring, Guilty Reuters
Reuters news with all of the above.
40 years of history - get him to court while he stills remembers how much he helped Tim G, Hank P and Uncle Ben B.
http://www.reuters.com/article/idUSTRE6202WN20100301?loomia_...
Article documents all the things he bailed out over the years. He did it all.
Mark Twain Posts 1835-1910-To-be-continued...
Daily Paul ☑ Ron Paul, 2012 ☑
what does this mean for us common folk
If there is a calculated crash of the dollar and we will be transitioned to a new currency, we does that mean on a personal level? Is this going to be a mere inconvenience or are we facing a "Mad Max" kind of world - or something in between?
The collapse of the dollar
The collapse of the dollar can be viewed in several ways. First, foreign governments and banks might refuse to accept the dollar because of the rapid inflation caused by profligate politicians. Or the collapse could reach the point of the German Mark in 1922 when continued printing of ever higher denominations to pay off the debt caused repudiation of the currency.
There are two factors at work here: the fact that the dollar is just a paper currency, not redeemable in anything, and propped up by legal tender laws, and secondly: what appears to be the deliberate effort to cause the dollar to crash. The bailouts, the "stimulus" programs, the attempt to takeover health care, waging unrestrained, undeclared wars around the globe, failure to secure our borders, and a welfare state at home.
Our nation is broke. It is trillions of dollars in debt, and yet our politicians spend like drunken sailors. Does anyone believe that they don't know what they are doing? Does anyone believe that they are not purposely trying to destroy the dollar?
The plan is to have us adopt a new worthless currency, maybe a "New Dollar:, maybe the Amero, or some other unbacked international currency. Then the swindling will start all over again.
The only solution is to abolish the Federal Reserve, return to honest money backed by gold and/or silver, and reduce our government to those areas specified in Article 1, Section 8 of our Constitution.
Sounds Great!
A dollar collapse means that all those who behaved recklessly by running up all that credit card debt and buying homes they couldn't afford, will be able to pay everything off with worthless dollars and magically become debt free homeowners.
This should answer your question
Argentina Economic Collapse The Documentary
http://www.dailypaul.com/node/120459
and if that doesnt, this will for sure!
SHTF story from Argentina
http://www.dailypaul.com/node/80442
Freedom is NOT free!
what he said ^
start there ..... let it sink in ..... then continue your research.
≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈ ≈
"Those who make peaceful revolution impossible will make
violent revolution inevitable."
John F. Kennedy
Silver would be the way to
Silver would be the way to go. It will probably out perform gold in the long term anyway.
Some info to
Some info to prepare:
http://gregwhoward.com/wordpress/2010/02/surviving-the-comin...
it means the currency becomes
it means the currency becomes worthless and won't buy as much as it did or won't buy anything. If you have your savings in dollars you are screwed..
“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul
so what DO people save 'in'--
if not the dollar? I have heard much about gold, but it seems that a lot of money is required to buy gold--
for 'little' people how should savings be done?
Yes, and little people CAN store commodities, I know, but as far as $ is concerned, how should someone whose income is modest . . .
save?
Thanks--
it's hard to be awake; it's easier to dream--
The reason that a lot of
The reason that a lot of money is required to buy gold is because the money has lost a lot of value over the years.
...
the best way is to buy pre
the best way is to buy pre 1964 US silver dimes.. buy as many as you can when you can.. Please also get on YOUTUBE.. look up Lindsey williams. He is calling for a 30 to 50% devaluation by the end of the year. I have a very good friend who works at walmart.. he told me the price of milk has just gone up to 5.00 per gallon. Safeway and Kingsoopers was still at the 2.49 mark but as soon as the other stores raise prices they will raise theres also. Also buy any clothing, storage foods etc right now. Canned goods, things you can eat while you are waiting for the price explosion to play out. Some think the rise in gold and silver that will come will be only because of the dollar weakening.. this will not be the case.. demand for gold and silver will soar..
“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul
An option would be silver--
I saw 1 ounce silver pieces that could be broken into "pieces of eight" to use for smaller purchases. I thought that was a good idea.
You're are right about storing commodities. At the rate of inflation now (I know, the PTB say we don't have runaway inflation) anything you buy is a bargain when you consider what it will cost later.
I have noticed the price of sugar almost quadrupled from 2 years ago, also flour. I was shocked to see how many items in the grocery store cost over $4.00 last fall!
Stock up on nonperishable food, water, supplements, first aid supplies, socks and undies and shoes.
ANYTHING you will need in the next few years!