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“By the time Obama leaves office, you will not be able to exchange dollars for any sound currency in the world without permission from the U.S. government. The price of gold will be well over $2,500 per ounce. Most importantly, commodities will no longer be priced in dollars either, but instead in the currencies of the leading producer. Americans haven’t experienced anything like this since the Great Depression.”
Originally posted by Maxmars
reply to post by silent thunder
I noticed the source bills itself as "Agora Financial" "The Premier Source for Independent & Unconventional Financial Advice & Analysis."
I wonder if this is meant to attract a particular kind of investor... the pissed off kind.
Originally posted by Republican08
I've wonder something, It probably is a relatively easy question to answer.
How would one, Exchange a dollar, for another currency, not talking a forex account or others, but a real physical dollar, when I lived in Canada it was easy to trade between US and Loonies, both were accepted just as well in some place up north, but i'm in texas now.
So say I wanted a Yen, how would I go about this, something that would go in a mattress.
Originally posted by Ben Niceknowinya
I'm not a financial expert, but where will the Euro stand when inflation happens on the dollar?
Will the Euro be a smart investment/exchange prior to inflation?
“Nonetheless, under his mandate for "change," President Obama may well decide to strengthen exchange controls further if the original ones aren't effective in preventing capital flight. This initiative could take forms such as:
Requiring that U.S. persons close all foreign bank accounts and repatriate the assets to the United States at the official exchange rate, unless they first apply for and receive a license to hold the account
Prohibiting the purchase or sale of gold, and requiring the sale to the Treasury of privately-held gold at the official exchange rate
Formally declaring a two-tiered currency conversion rate: a market rate for foreign purchasers of U.S. Treasury debt (perhaps backed by forcibly sold gold) and a below-market rate for U.S. residents.”
Originally posted by audas
Yes it will be $2,500.00 US DOLLARS but not Aussie, Pound, Euro - why becuase as the US pumps more and more dollars into their failing economy the collar is being weakened. The global reserve will become the Yuan and the Chinese have ALREADY stopped buying US treasuries in favour of purchasing commodities. Dollars will not be allowed to be exchanged for external currencies part in due to teh fact no other currency will value them, and the process will only further weaken the dollar - capital flight - leaving the only source of external currency exchange between the government to provide some security to the dollar.
Your in trouble --0--