15 votes

Soon the U.S. dollar will be worthless.

Russia has now officially begun selling oil to China without using the U.S. dollar as the trade medium. This is the latest step in the death of the pero dollar, and a big step in the end of the U.S. Dollar as a reserve currency.

When that happens the remaining 3% of the dollars original value will be wiped out, and financial collapse will occur.

http://www.examiner.com/article/petro-dollar-era-is-official...

The writing is on the wall, all we need do is to read it!

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thank goodness

I planted my green backs last week in the garden. Kale ,collards, turnip greens. I even planted the big bucks. Rutabagas. Better than standing in tall cotton.

Money talks and dogs bark

1 Russian Ruble is currently

1 Russian Ruble is currently worth three US pennies.

1 Ruble = .03 US cents.

3 pennies.

Soon, the Russian Ruble will be worthless...especially after backing the Ruble with a rare, limited resource.

If an entire economy is based upon a limited resource, the economy will be extremely limited.

People say the, "Petro Dollar," is outdated, but I disagree. It was ahead of the times.

The USD is tied to unlimited resources, and I think that is the smart way to back an unlimited currency.

The Earth's internal combustion chamber will continue to fart natural gas and crap oil until the sun doesn't shine.

Never be afraid to ask simple questions.

Time For The Monthly Dollar Collapse Session

It's that time of the month.

How can a digital dollar currency be worthless?

The US Dollar is the world's first currency that crossed the digital divide.

The ability of humans to produce is infinite, unless the means of production are taken over by the state causing severe limitations to human production.

The US Dollar is not worthless, it's priceless.

Isn't it amazing how so much money has been printed out of thin air, yet a buck is still hard to come by?

Inflation is the only thing that can destroy a currency.

Inflation is literally too many people with too many dollars chasing too few goods and services.

How many people do you know that have, "too many dollars?"

Probably not many.

Does the US economy have too many people with too many dollars?

No, the US economy has too many people with too few dollars to spend, keeping overall consumer prices down, college tuition not included.

When products don't sell, businesses don't increase the price of the products, they lower prices due to too much supply with little demand.

If inflation is the only way to kill a currency, the US Dollar doesn't come close.

If there really were too many dollars chasing too few goods and services, a cheeseburger at Burger King would cost $8.

Japan is a great macroeconomic example of too many people with too much money chasing too few goods and services.

Japan's population as a whole is small compared to the size of the country's economy.

There's a huge demand for goods and services in Japan, but not enough people (or land) to provide those goods and services.

That is why 1 US Dollar is worth 103.725 Yen.

Thanks to our allies in Japan, the USD is the world's first digital currency.

The Dollar is now Digital.

"Necessity is the mother of invention."

The world needs money...an unlimited supply to match the unlimited potential.

http://www.advfn.com/currency-converter/us-dollar-to-yen.html

Never be afraid to ask simple questions.

The scary part is not that you posted this

it's that you actually believe it, Especially the last sentence....... has got to be the stupidest thing ever posted on the DP.

Zoo you have proven beyond reasonable doubt that you don't have a clue as to what you are talking about.

This is said every year it

This is said every year it seems.

Yes, but...

People probably said it less when we used gold coins.

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

We also attacked

Each country that tried to pass the US buck. Time maybe short if we attack China or Russia. Enjoy life on Earth. The nut cases we elect will do it too.

Money talks and dogs bark

We most likely will attack

We most likely will attack them with sanctions. China will just laugh because they have Russia, Europe, and the rest of the world. The U.S. is too dumb to realize that it's isolating itself. No one would want to invest in the U.S. or the U.S. dollar eventually.

You realize that there is

You realize that there is built-in demand for the US dollar to the tune of 4+ trillion a year, right?

Plan for eliminating the national debt in 10-20 years:

Overview: http://rolexian.wordpress.com/2010/09/12/my-plan-for-reducin...

Specific cuts; defense spending: http://rolexian.wordpress.com/2011/01/03/more-detailed-look-a

Not to worry

its worthlessness will be overcome by events: disclosure, new energy resources, robotic overtaking of routine tasks, free time available as opposed to a result of welfare state realities, no more volunteering for foreign war adventures, a lessening need for monetary accumulation for security and freedom, lessening of prejudice... some of the paradigm changing events in the near future - better in many ways.

Libert Crier @rticle Indicates Otherwise

http://libertycrier.com/fed-vice-chairman-warns-bank-may-sei...

There would be no possibility of such bank 'bail-ins' if the US $ were going to be worthless any time soon . Keep your eyes on what's going on right around the corner before worrying about what's way down the road.

Alright I changed my mind

I give it at least 4 years until we have a new currency backed by commodities. 2018

Just because the dollar loses

Just because the dollar loses 100% of it's value does not mean it's dead. It can lose 200% and 300% and still be viable as long as people still take it.

Yes, the US is inflating but so are the competiting currencies. And as long wages and prices continue to inflate with it then there may not be a dollar collapse for a long time.

Right on

And I'm hedging with small bet on wheelbarrow stocks.

I'd hedge

with bets on all the weapons manufacturers -- our banking and political oligarchs won't lose reserve currency status without a fight!

Hmm...they started invading

Hmm...they started invading the Ukraine just in time. What a load of BS the news puts out.

Please come join my forum if you're not a trendy and agree with my points of view.

Soon?

You mean it still has value?

Meanwhile in Venezuela

Every day, the cost of a plane ticket out of Venezuela goes up. That assumes you can get a plane ticket, and you probably cannot, even if you booked three months ago. Delta Air Lines, American Airlines, and Lufthansa cut the number of flights. Air Canada stopped all service.

Read more at http://globaleconomicanalysis.blogspot.com/2014/08/trapped-i...

Petro Dollar priced in gold.

http://pricedingold.com/us-dollar/

Free includes debt-free!

DJP333's picture

Good gold charts!

Going to bump your comment to give me a way to find these again.

"It’s not pessimistic, brother, because this is the blues. We are blues people. The blues aren’t pessimistic. We’re prisoners of hope but we tell the truth and the truth is dark. That’s different." ~CW

Be my guest.

I found that site shortly after I heard Ron Paul and Mike Maloney talking about gold as money.

The dollar has tanked but the Dow has been a roller coaster ride.

Free includes debt-free!

Same old scare!

Been hearing this for so long I no longer believe it will happen anytime soon. Rome took 500 plus years to die.

The petrodollar is backed by

The petrodollar is backed by Wahhabi oil. I personally believe that this unholy alliance keeps the petrodollar from crashing. Anyone else notice that we went to war with all of Saudi Arabia/Qatar/UAE 's competitors over the past decade or so? I don't believe that this was by accident.

"truth is treason in an empire of lies."
Worldofpropaganda.wordpress.com

Gold at 1291 is hardly a screaming buy

I'll stick with real estate. The vast wealth of the US will take a very long time to evaporate if it even does. It continues to increase at envious rates so America is still the place to be.

The talking heads want your money. Don't give it to them. Allocate it to productive enterprise as a good steward would.

Government is supposed to protect our freedom, our property, our privacy, not invade it. Ron Paul 2007

Not true

I paid an entire dollar for a Zimbabwean $500,000,000 bill, many thousands of times above the official exchange rate.

There will be demand for paper dollars for years to come as souvenirs and collector's items.

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

Ok, so I remember in

Ok, so I remember in Afghanistan buying Saddam money and Taliban dollars after they were obsolete. But I bought them with USD's. Therefore, they were not worthless. so I'd have to agree.

"truth is treason in an empire of lies."
Worldofpropaganda.wordpress.com

Agreed, only with sarcasm

Toilet paper may become hard to come by. I guess they will have some value at that point.

Agreed, mostly

This was also on ZeroHedge yesterday. We all saw this coming on this site. Not much to do but buy more silver and gold. Also, read Reinventing Collapse by Dmitry Orlov if you haven't. It's a good read about when the USSR collapsed. Things like cigarettes, whiskey, motrin can have as much value for everyday trading and local currency and business as silver and gold. Of course still keep silver and gold for long term wealth storage, but you would be surprised how far a bottle of Jack (that now costs hundreds in a currency collpase situation) can get you.

At me too someone is looking, of me too someone is saying, He is sleeping, he knows nothing, let him sleep on.