11 votes

US Dollar is already DEAD! Stop waiting for "official" hyperinflation




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Hot potato.

Accept it and then pass it on as fast as you can. Putting it in the bank is stupid and should only be done to cash pay checks. When paying bills instead of using electronic or checks take out the cash and keep it circulating. It is legal tender so it cannot be refused and any attempt to charge extra fee for paying cash is illegal and should be denounced at the Better Business Bureau and taken to court. The dollar will retain it's position in the world as long governments around the world keep purchasing U.S. treasuries. But eventually they will need to put FRNs into circulation. Individuals should sell and spend the dollars like hot potatoes.
grant

Hey as long as my greenback

still has purchase power i will continue to ignore these asinine posts.

Ron Paul - Intellectual hero

Sure, but it's going fast.


Free includes debt-free!

Kiyosaki: No trust left in government, gold/silver=real money

http://www.dailypaul.com/310162/kiyosaki-i-dont-trust-my-gov...


http://youtu.be/i58GmRiLYyc

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

People not taking PHYSICAL control of gold silver DOOMED


http://youtu.be/6i5S0RlkJrE

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

Meh, as long as we have a military

That costs 3 times more than the rest of the world, and is essentially unchallenged in the Oceans, the Dollar will remain the world reserve currency, and won't be allowed to collapse.

The US economy survives because of our banks ponzi schemes, and our protection racket - criminals writ large.

Jim Willie: 2014 = year of currency explosion

US isn't going to be killed as the host. It’s going to be bled to death and harvested for its organs by China.


http://youtu.be/q5L5w1d3pUw

Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
http://facebook.com/NoPropagandaZone
http://twitter.com/the_chiefe71

Jim Willie...

Keiser and all those Gold Bugs have been saying the same thing for years. Why? Because they are gold investors.

The more peeps that go out and buy gold and silver the more money they make!

I like Willie and Keiser because they do have some good info and they are entertaining. But for many people that bought lots of gold and silver too late in the game are licking their wounds and realizing they got sucked into the hype.

Keiser and Willie and their friends are pitchmen and are serving their interest.

Be careful. A fool and his money are soon separated.

This is some pretty feeble

This is some pretty feeble backtracking from some pretty mountainous forecasts we've been peppered with since 2006.

Master Pretzel Twister
https://twitter.com/MenckensGhost

Wish I could put all my money

Wish I could put all my money into stuff that wont disappear, but the problem is balancing between the need to have something just in case and protecting things.

To climb the mountain, you must believe you can.

Watch the BRICS

Watch the BRICS. When they start to get more independent it will be time.... for a big war. Then the collapse of the dollar followed by the collapse of the federal govt and realignment of the 50 sovereign states.

Neocons_suck

Yep, its pretty apparent...

I went food shopping today :(

Naaaaa.....

I just got back from the store and they gladly accepted my dollars.

Foreigners are still holding about seven trillion dollars and they are still holding them.

Billions of dollars were used today in transactions all over this planet.

So stop the silliness.

Yes the FED is devaluing our dollar, yes the dollar has lost a great deal of buying power but it ain't no where near dead.

But, if you think that it is then please send me all your dollars since you don't think they have any value.

Séamusín's picture

Foreigners are holding 12 trillion

And that's precisely the problem. That coupled with our structural imbalances. As it stands there is nothing worth buying for dollars except Saudi oil and American real estate. When that demand goes away those 12 trillion are coming home.

Séamusín

They still have some value...

but I feel like I can see it slipping away before my eyes when I see the cost of food continue to rise so quickly.

The price of food is rising

The price of food is rising everywhere.

It is the seven trillion dollars

that will be the problem.

B O O M

+1 for contrarianism

There's a few miles left in the greenback. It seems like we all agree on that, but disagree on how many.

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417

Ron Paul is not as confident

Okay...

My original comment was in response to the title of this thread. "The dollar is already dead" IT IS NOT.

Second, Ron Paul is NOT predicting an Argentina type collapse.

Ron Paul says their will be a "dollar crisis". I agree with that. When that happens, we will have to reign in spending and maybe even have to sell off assets. But we will NOT NOT NOT have and Argentina type collapse.

Why won't it happen again?


Free includes debt-free!

You do

realize that people in Argentina lost probably 90% of their wealth overnight when their currency collapsed in 2001 don't you? I heard stories of people with 20K in the bank waking up with a value of about $20.

If everybody expected a currency to collapse then there would never be any time to predict it.

Sure I do.

Do you realize that Argentina went belly up 2X in two generations?

Argentina is not and never was the worlds reserve currency.

I know you are not foolish enough to compare Argentina to the United States are you?

The world relies on the dollar and everybody has everything to lose and that is why the dollar will not collapse.

Eventually, there will be competing currencies and the U.S. will have to reign in spending...there will not be an Argentina type collapse of the dollar.

The

United States is not some magic land.

People in the US are not made of some different cosmic matter with super-human ability. They are people just like anywhere else. They have the same basic needs, and with desperation will do the same things, as people anywhere else.

ALL fiat currencies which are not backed by something the free market has determined valuable (like gold) eventually self-destruct. It's only a matter of time.

You're right the US is different than Argentina, though. We should have had a currency crisis long ago. The reason ours has been delayed is because we ARE different. We have the strongest military in the world, and probably the most aggressive use of it. It's that combined with the integration of our financial model everywhere else that has kept the dollar alive. But there is a limit to that.

The limit happens when people realize the end is near, and that's happening gradually. It's hard for politicians to pretend things are great when 5 years after a financial crisis unemployment is still double digit by their own numbers and real unemployment worse than that. Once prices start rising, and they will as all the money that is now held in banks (freely printed from the Fed) starts working into the economy, people will understand.

Okay all you numbnuts

that are voting me down, understand this.

The reason that the currency would collapse is the debt. By inflating, the FED will be paying off the debt with cheap dollars at all of our expense. The gvt. can raise taxes if need be and we have trillions in real assets that we can sell if a catastrophic event occurred. WE ARE NOT GOING BELLYUP like Argentina!

But if you economically challenged morons really believe that, then whadda ya say we have a little wager?

Tell me when you think this will happen and I will wager $100 against each of you that the dollar will not collapse. If I am wrong, I will donate $100 to the Daily Paul for each of you that have taken up my challenge. I can cover it I assure you. We have plenty of witnesses here. I have been here nearly seven years and I am not going anywhere.

If you fools that take up my challenge lose, then YOU must make a $100.00 donation to the Daily Paul. Or would you like to make it a thousand? So whadda ya say? How many years? One year? Two years? or three years? When is it gonna be?

Time to put up or STFU.

I am waiting.

I will take that bet any time dummy

the time frame is when the Treasury can no longer service their debt.

And when will that be dummy?

a year, two...three, four....when will it happen genius? They say there is a sucker born every day and looks like I found him. It's you. Let's get that bet going. Give me a date and I will get with you to exchange contact info. I am waiting sucker.

OK….pecker head you asked for it!

Here’s when it happened.

Domestically
Executive Order 6102 is an executive order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of gold coin, gold bullion, and gold certificates within the continental United States". The order criminalized the possession of monetary gold by any individual, partnership, association or corporation.

Internationally
The Nixon Shock was a series of economic measures taken by United States President Richard Nixon in 1971 including unilaterally canceling the direct convertibility of the United States dollar to gold. It helped end the existing Bretton Woods system of international financial exchange, ushering in the era of freely floating currencies that remains to the present day.

YOU ARE SO RIGHT ASSHOLE….THERE IS A SUCKER BORN EVERYDAY. SO SUCK ONE THIS ONE..... YOU IDIOT.

You lost on two defaults…..so pay up, you rude little piece of shit. You can make your payment to the DP in the name of Goldspan. You just got schooled punk. SO you’re $95,000 Keynesian College education doesn’t have a chance against experience and knowledge.

The issue is....

Is the dollar dead? NO it is not.

The dollar is alive and well and is the reserve currency of the world and will remain for the foreseeable future.

The dollar is no longer tied to gold but that is not new news and it is not the issue we are debating.

You are trying to reframe the argument because on the original topic you are incorrect...and you know it.

So far as my education, I am not a Keynesian. I hold a Masters in Political Science from the Univ. of Cincinnati and an Associate of Science in Computer Science. Four years in U.S. Army (paratrooper).

And by the way. Fuck You fudgepacker. Now pay up.

you are a little baby and punk bitch

HAHAHAHAHAHA!!!!!!!!!!!