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The US devalues the US$.. $6000 now is $1000..what will you do

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posted on Aug, 19 2009 @ 03:32 PM
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If they devalue the dollar does that mean my rent and all prices go down as well. If I have $1,000 a month in income than if the devalued the dollar I would not be able to live.




posted on Aug, 19 2009 @ 03:37 PM
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Devaluation occurs against other currencies.

You won't suddenly have to pay $20 for a loaf of bread. So prices for things made here in the US would slowly increase depending on what, if anything had to be imported to produce said items.

I have some of my money invested in foreign mutual funds. Think china.

If the dollar loses value against their currency, then my funds invested in that area would suddenly increase by a factor of 6.

My mortgage wouldn't change. My debt wouldn't change so, I'd be better off.

Also, periodically I purchase a bunch of silver. If you have a sudden devaluation of the dollar, the silver would suddenly increase in value. Once again, I'd make money.



posted on Aug, 19 2009 @ 06:43 PM
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reply to post by Wildbob77
 


In a simple economy that has inflation or simple deflation you would be correct. However we are facing both of these...according to LaRouche..please..if you want to argue with me about it read what his "lifetime learning/teaching" is saying to US!. After your read then hit me with arguments.
As I have said ealier, If you read the intro and don't read the links I consider you lazy and will not debate you. If you read the links and determine that I have misrepresented the information, then you have my apt attention. Personally. I'm just trying to pass on information that has interested me along with my "twist" on it.
I am always willing to learn and hope I never stop learning!



posted on Aug, 19 2009 @ 08:44 PM
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reply to post by Nivcharah
 



The $100,000 check would bounce, or not be accepted, unless the person who wrote the check to you had over $600,000 in account prior to the 6:1 swap.
ahsfinktersezwot?



posted on Aug, 19 2009 @ 09:51 PM
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reply to post by Oaktree
 


They do. But the check isn't for quite that much.



posted on Aug, 19 2009 @ 10:10 PM
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reply to post by awakentired
 


The fact of the matter is currencies don't go through what it appears is being described as a Reverse Split.

Unless you can explain the meaning more accurately, it seems like a waste of time to be worrying about it?



posted on Aug, 19 2009 @ 10:34 PM
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reply to post by Rockpuck
 


Here's a link to most current example of where a countries currency was revalued, specifically Iceland. Note the article does specifically state that the US is probably to massive and intertwined to revalue. Not saying I agree with that statement, its just what the article said. Whether its losing your job, inflation, stagflation, currency devaluation, or all of the above times kind of suck......I think we are bickering over semantics......time to unite.

www.creditwritedowns.com...



posted on Aug, 19 2009 @ 10:57 PM
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reply to post by bryanku
 


True, but the way they did it was to take a MASSIVE loan from our favorite loan shark the International Monetary Fund. There was also some major Debt restructuring.. if the United States were to follow in Icelands footsteps the currency would essentially have to be dead first. A country can't just decide one day "Hmm I think $1 dollar should now buy me 50 Euros" .. it takes some massive economic restructuring to get to that point. Which is very easy if you're in a severe depression, such as Iceland.



posted on Aug, 19 2009 @ 10:57 PM
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reply to post by Rockpuck
 


I'll put it in plain english. From my research, using the links that I put into the op among others that merely tapped this particular issue, the US economy/government,Nb I link the economy to the government because if you can control the economy then you control the government,
is being controlled by spooks, criminals, con-men, corporate sympathisers aka "special interest groups".
How many American actions have been dismissed by the corporate controlled media as a lunatic fringe. Tea parties, upside down flags representing distress and help needed, and town hall meetings gone wild.
Lunatic fringe NOT. Americans free to THINK and FREE to choose. They are awakening to find their country plundered by the very people given the trust of governence. Imho ALL of them should be on trial during war as traitors! When found guilty. All should face the firing squad.



posted on Aug, 19 2009 @ 10:59 PM
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reply to post by awakentired
 


I agree. 110%. Couldn't say it better myself actually..

Well..

Except I lean more towards the Gallows. I'm an old school romantic however.



posted on Aug, 19 2009 @ 11:06 PM
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continued reply.

Lets do this in a way that I like. Algebraic equation. Numbers don't lie.
Yet liars manipulate numbers! ...go figure.

According to Christopher Story's numerous articles there is a huge amount of money that resulted from an economic war against the formor USSR. I doubt it not. The "seed money" is neglible compared to the current earned based on insider trading during the USSR collapse.

Its like if you knew that AA were to be used to hit the towers in NY. You invested short. and made a mint.
Continued on next page



posted on Aug, 19 2009 @ 11:13 PM
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reply to post by awakentired
 


Put them on trial? The majority of the judicial system is on their payroll and just as corrupt. My sentence of choice is deportation to Baghdad or Kabul with no means of return.....good luck with that one.



posted on Aug, 19 2009 @ 11:24 PM
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The people in the most trusted and highest places in our government did place these "war funds" into the hands of a Treasury / CIA operative named Leo Wanta. He did use these funds against the former USSR and in the wake of the collapsse used these funds to "profit"..in the amount of 27 TRILLION US DOLLARS.
Suffice to say for the last decade there is much going on behind the scenes, where it hatched, to gather these under the radar funds. Bush and Clintons have taken actions to move these funds across the world in their names....nice to be pres.

In fact there was one screw up. The account was borrowed against. Yep.

Borrowed money from numerous nations using this account as collateral.Then a wrench was thrown into the mix...Leo Wanta won a case in the US courts that deemed the account was his property!

TSHTF now we are understanding why Obama has said that we are not at war with Terroism.
His illegal/unpatriotic actions during "wartime" would require immediate military tribunal and firing squad.
Sorry did away with the algebra thing..did words instead



posted on Aug, 20 2009 @ 12:38 AM
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reply to post by awakentired
 


So, this $27 trillion belonged to the US?
We could have balanced our budget?
We could have afforded a GOOD health care reform?
Social Security and Medicare could have been replenished?

Wow. I don't even know what else to say. Just "Wow."



posted on Aug, 20 2009 @ 01:06 AM
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Originally posted by Wildbob77
Devaluation occurs against other currencies.


Right you are WB....and any 'formal' devaluation (e.g. 40% against the EUR) could be nullified by foreign government' , simply by adjusting their exchange rate by the same percentage.

Given that under a floating currency regime , FX (market forces) , determines relative currency values , any statutory devaluation would require international agreement.

Smithsonian Agreement

The last devaluation was in February 1973 under Nixon - $USD X 10%. The following month , the Smithsonian Agreement imploded...and we've been floating ever since.

The dollar has no fix.

Either devalue internally and issue a new currency...recent examples - Argentina..Brazil..Mexico...

or

Monetize Gold at a hefty premium to current nominal market prices > peg $USD to Gold.



posted on Aug, 20 2009 @ 02:08 AM
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reply to post by Nivcharah
 


You have no idea of WoW.. read the archives of chris story's website doing a search of "settlement" and "leo Wanta"

It is a story that walter cronkite was born to expose. Unfortunately, the world has no equal any longer. Its up to us ...simple as it gets.



posted on Aug, 20 2009 @ 02:40 AM
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LoL the thread has been moved. The mods know better than I wher it belongs..I guess..To me it is political corruption at its worst.

Again, I say please read the links provided. They are eye popping truth. The stuff that dreams come close to.



posted on Aug, 20 2009 @ 11:41 AM
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reply to post by Oaktree
 


This is not going happen in the country that I believe in still! NO MORE! If this happens I don't care what it costs me I will make a HUGE stink!
It is hard enough now but imagine having less money to pay bills.
This is part of the reason why the poor suffer so badly in third world countries.



posted on Aug, 20 2009 @ 01:02 PM
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reply to post by awakentired
 


I read the link and think that it's mostly alarmist drivel.

The US is creating money at an alarming rate. This has to have the effect of devaluation of the US dollar. The devaluation of the dollar will occur against other currencies.

There will not be a sudden event that devalues the dollar by 60-80 %. That's just nonsense.

However, the chances for devaluation of the dollar over the next 5-10 years are very high in my opinion.

So, we all need to do a little planning to keep safe.
As I said before, Silver.... Good Invest a percentage of your assets in foreign funds....Good.

If you make plans for the gradual erosion of the worth of the dollar you'll be OK.



posted on Aug, 20 2009 @ 11:09 PM
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Originally posted by awakentired
READ the LINKS PLEASE. Research the C. Story archives ..searching "settlements" .. for a reality check.


C. Story archives....

PAULSON ARREST UPDATE... BREAKING, MORE TO COME

HENRY PAULSON HAS DIED AFTER BEING SHOT IN THE CHEST


Hi awakentired. Because I have an interest in currency issues , and enjoy reading various viewpoints , I was hesitant to voice my personal opinion on Christopher Story. My understanding from a trusted acquaintance that followed CS back in the 80's , is that he was once considered a cracker-jack currency analyst. Why he ventures into the seedy realm of yellow journalism is anybody's guess ($).

The Wanta-Gate exposé grew long-in-the-tooth a couple years ago , and imo , any legitimate angles that may exist , have been severly undermined along with CS credibility.


On topic , I have no doubts that a preemptive currency devaluation is on the Treasury/Fed active list of contingencies.

Bernanke 2002....


Although a policy of intervening to affect the exchange value of the dollar is nowhere on the horizon today, it's worth noting that there have been times when exchange rate policy has been an effective weapon against deflation. A striking example from U.S. history is Franklin Roosevelt's 40 percent devaluation of the dollar against gold in 1933-34, enforced by a program of gold purchases and domestic money creation. The devaluation and the rapid increase in money supply it permitted ended the U.S. deflation remarkably quickly. Indeed, consumer price inflation in the United States, year on year, went from -10.3 percent in 1932 to -5.1 percent in 1933 to 3.4 percent in 1934.17 The economy grew strongly, and by the way, 1934 was one of the best years of the century for the stock market. If nothing else, the episode illustrates that monetary actions can have powerful effects on the economy, even when the nominal interest rate is at or near zero, as was the case at the time of Roosevelt's devaluation.

Full Text



The final contingency...drastic should it occur.




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