World Prepares to Dump the Dollar

reply to post by Ex_MislTech


Thanks for that,
Of course you are right about silver, Another member put me onto this a few days ago and research has proved that historically compared with gold, it has seldom been so cheap and has a big potential upside.
When it all goes tits up, cash in your pocket will be better than cash in any bank, but as you point out, hyperinflation will effectively devalue most of our currencies, IMO there will be a huge correction and hopefully precious metals will ride it out.

PEACE,
RK

Originally posted by Rigel Kent
reply to post by Ex_MislTech

 

Thanks for that,
Of course you are right about silver, Another member put me onto this a few days ago and research has proved that historically compared with gold, it has seldom been so cheap and has a big potential upside.
When it all goes tits up, cash in your pocket will be better than cash in any bank, but as you point out, hyperinflation will effectively devalue most of our currencies, IMO there will be a huge correction and hopefully precious metals will ride it out.

PEACE,
RK

Metals will beat paper, that has been proven in the past in the
Weimar Republic, Zimbabwe aka Rhodesia, Argentina.

The man who wrote Confessions of an Economic hitman goes
into detail how this was all done on purpose to other countries
and the same operation is being performed on the US now.

Confessions of an Economic Hitman

Video of author of confessions with an economic hitman pt 1

I love his reason for finally coming forward and writing the book.



[edit on 24-7-2009 by Ex_MislTech]

I think this post by GreenBic is self explanatory

For the disclaimer, you should never trust anyone on the internet, and especially me, because:

1. I am not a professional of any kind, except a$$ kisser

2. I am 25 and am obviously too young to be in the know about these things

3. I am a moron (its true, see my signature)

www.belowtopsecret.com...

you're talking to a wall, which is one of the reasons I put on ignore

Originally posted by warrenb
I think this post by GreenBic is self explanatory

For the disclaimer, you should never trust anyone on the internet, and especially me, because:

1. I am not a professional of any kind, except a$$ kisser

2. I am 25 and am obviously too young to be in the know about these things

3. I am a moron (its true, see my signature)

www.belowtopsecret.com...

you're talking to a wall, which is one of the reasons I put on ignore

I understand he may be hard to reach, but my goal has been to
take all arguments and wake them up as best I can because the
more ppl that know what is coming the more ppl that will be safe
when the house of cards comes falling down.

We saw the panic of 1908, we saw the crash of 1929, and
we can find manipulators and liars were involved then, and
they are again now.

I know I will not be able to reach thru blind optimism, but
I want to make it as clear as possible for as many ppl as
possible that the government has lied to us several times
in the past, and they are doing it now.

Thus why they refuse to reveal where the 9 trillion printed
by the Fed went. Note they did not say they lost it, they said
they refuse to tell us where it went.

I think some waterboarding is in order.

reply to post by warrenb


You show more maturity than many older member here that I known.

Keep up with the good work.

reply to post by Ex_MislTech


Yes, I posted that for a disclaimer so no one would follow my posts on the market.

Even though of course, going back I look like a genius.

Thanks for pointing that out though lol...

If you cant argue my facts, quit bringing up stupid stuff that has no relevance.

Anyone that has followed my posts overtime know that you are taking that quote out of context.

I thought you were putting me on ignore anyways? .. I am waiting

reply to post by Ex_MislTech


Yes, we have had crashes before.

We will have them again in a boom and bust economy.

I know we have been lied to/currently being lied to about things.

It doesnt change the facts though that I have presented.

Please, lets just debate that other than something that is not relevant.

France and Germany may be in the EU,but they are trying to assert their own standing and dominance for the years to come ie they are not interested in the anglo-american vision for the future imo.Being good friends with just India in China will pay off,thats the prospect of 2 billion consumers right there in the decades to come.

reply to post by Ex_MislTech


Your article is from march 2008

It looks like it came true with the CDS.

This has of course all been priced into the markets.

Originally posted by GreenBicMan
reply to post by Ex_MislTech

 

I thought you were putting me on ignore anyways? .. I am waiting

If you read the other ppls posts, you will see that the only person
saying they were gonna put you on ignore was warrenb.

I think you might want to cutback on your waterpipe time.

reply to post by Ex_MislTech


I was responding to his quote in your post, not to you my friend.

If you were thinking the opposite, I should have been more specific.

I think that the world would like to find a different currency that is more stable than the dollar.

The US has been creating money like crazy which will lead to devaluation of the dollar against other currencies.

However, what other currency is the world going to dump the dollar for? That's the real question.

Perhaps in a couple of decades China's currency will be the world leader or will it be India's ?

I don't think that we're going to see a sudden dump. I think that it's going to be a long slide.

Just my opinion.

reply to post by Wildbob77


Actually we have not been inflating the money supply as you would be led to believe.

Inflation is actually not something we should be worrying about at this current time.

There is a chart somewhere I can reference about the FED buying treasuries.. if I find it I will post it.

Originally posted by GreenBicMan
reply to post by Wildbob77

 

Actually we have not been inflating the money supply as you would be led to believe.

Inflation is actually not something we should be worrying about at this current time.

There is a chart somewhere I can reference about the FED buying treasuries.. if I find it I will post it.

I understand the whole "always think positive" mindset, but sometimes
the ppl actually involved in the financial system at the highest level
send you a sign.

Fed loses 9 trillion USD ???

Poof...it is gone, reminds me of a southpark skit.

AIG = And its gone ...

When ppl add up all the subterfuge that is going on, they will
know that they are just doing a jedi mind trick and saying
"This is not the 9 trillion USD you were looking for"

We have thieves in the government and the FED, and on Wall Street,
and no one is taking them to justice....yet...

As to the Fed buying Treasuries yes of course they are, they can't sell
them to Asia after the G8 summit where they told Obama " NO ".

So they print up some funny money, and buy our own T-bills to
make it look like everything is fine.

It wood pulp, Ink and a little cotton going in a circle.

Basically it would be like you printing monopoly money to buy it
with your own monopoly money.

It is just moving numbers around, and we have no real buyer outside
the men running the smoke and mirrors game.


[edit on 24-7-2009 by Ex_MislTech]

The demise of the dollar as an international currency is a favorite scare that tends to compete with the 2012 basket of thrills. It has the advantage of being supported by the views of some folks who have received education in matters related, and that makes the Mayan calendar to scroll over. But there is no word about a currency that would replace the dollar in similar manner in which some European currencies were replaced by the euro. A transition of this kind is far more complicated and the whole process is not worth it unless the USA loses nearly all those attributes that made it the issuer of the currency that handles the bulk of the international trade and investment – a currency that is virtually bulletproof against rampant inflation.

After WWII, the world needed a stable international currency, and the world got it. But there was a fine print in the agreement showing a hidden fee for the services rendered. The fee got a bit higher these days and some of the world is bitching about it.



[edit on 7/24/2009 by stander]

reply to post by Ex_MislTech


I understand where you are coming from as well.

While I cannot comment on the previous 9 trillion article (as I really have no reference) I do know that there is a game being played.

I am fine with that in faith that they are making the right moves behind the scenes. It looks as they are as markets have rallied (over 25% this year if you follow the NASDAQ) and that is a que that we are reaching an equilibrium somewhere between 14,000 and 6800 on the DOW.

I dont think we disagree on much, but I am not in the camp of jumping to conclusions either. To get back on topic of this thread - I do think that is jumping to big conclusions without solid concrete answers (or questions as I presented)

I am not in the camp either of putting people down for their opinions, even though I have before if I believe they are quite outlandish..Dont take my comments that way though in this instance.

IMO - this is all a lot of "talk" and countries like Russia that are tied to the price of oil would love to get out from under that boat. Most, no all other countries, are not as strong as us right now no matter what others would lead you to believe.

Originally posted by stander
But there is no word about a currency that would replace the dollar in similar manner in which some European currencies were replaced by the euro.

After WWII, the world needed a stable international currency, and the world got it. But there was a fine print in the agreement showing a hidden fee for the services rendered. The fee got a bit higher these days and some of the world is bitching about it.

Well you speak well, and you read some, but you missed something.

Don't feel too bad it appears our government missed it too, or
they are choosing to ignore it which is my thoughts.

They plan to use the IMF SDR and this will cause a collapse
of the value of the dollar VERY quickly.

www.freerepublic.com...

Geithner said he was open to talks on such a plan for a
ONE WORLD curency, and the dollar lost more in one week
than it had any given week in the past 24 years.

www.politico.com...

If and when this goes thru this is the collapse of the
value of the dollar around the world.

Several countries not happy with US hegemony are pushing for this.

What happened at the G8 summit is a good sign of this.



[edit on 24-7-2009 by Ex_MislTech]

Your link is broke, can you fix that?

Using the receipts as you are talking is a mixed up business that is only good for "talk" IMO - but I would like to read the article as well.

Originally posted by GreenBicMan
Your link is broke, can you fix that?

Using the receipts as you are talking is a mixed up business that is only good for "talk" IMO - but I would like to read the article as well.

Fixed it, yeah that link was an old one in my bookmarks.

Sorry if I seem like a gruff old bear, mostly because I am a gruff old bear,
but I am upset that everything my grandfathers fought for in ww2
was more or less a giant ponzi scheme sham since then.



[edit on 24-7-2009 by Ex_MislTech]

reply to post by Ex_MislTech


Thanks, I think I have actually read that article quoted in another forum.

My question is, these SDR's who will control them and who will expand the supply etc.?

We know money is not a zero sum game..

I think thats just an expansion of what is happening now with a new ring leader IMO..

Other than that, its China.. and I dont trust them (not that I really trust us lol)