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The Dollar Collapses

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posted on Sep, 9 2009 @ 09:16 AM
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The Dollar Collapses


www.forbes.com

The U.S. dollar reached its lowest point against the euro this year due to a myriad of forces including rising global stocks and commodities prices, low interest rates, and investors diversifying out of Treasury debt and into other assets including U.S. stocks with the Dow Jones industrial average approaching 9500 in late afternoon trading.
(visit the link for the full news article)




posted on Sep, 9 2009 @ 09:16 AM
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With all the talk about Alex Jones' big news, an equally big news article was going on. Forbes announces that the dollar has collapsed, as well as gold rising above 1000 dollars an ounce. Quite the coincidence that it is also happening close to the anniversary of September 11. I knew something big was going to be happening in September, I couldn't of imagined it would be this big

1. gold rises above 1000/ounce
2. Forbes announces dollar has collapsed
3. Alex Jones pisses off his fans
4. Van Jones, a 9/11 truther (or so we are led to believe) resigns

and what else am I missing? What other big surprises will there be in store for September?

www.forbes.com
(visit the link for the full news article)



posted on Sep, 9 2009 @ 09:27 AM
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Gold always rises after the elites return back from vacation. This is nothing new. Yes we are on a slow death of the monetary system but I doubt it will happen like in 29, instead a steady outflow of the companies which are in the position to create billions of dollars into the economy opt to outsource for pure profit instead of benifitting the American economy.

We are on the path to a total socialist rundown of the American dream.



posted on Sep, 9 2009 @ 09:57 AM
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At this time I don't suppose it means much to me. I went to the store and bought gas and cigarettes, my money was good there. I have a small amount of gold, If I sell it I am pretty sure I will get cash, in the same 'collasped dollars', and they will spend nicely.When I get paid tomorrow, I will pay my same amount of rent with more collasped dollars. So when does this situation have an effect on me?



posted on Sep, 9 2009 @ 09:58 AM
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Changed all our money from dollars to euros about 5 months ago.I kept watching it go down so I drew a line and changed it.To tell you the truth I don't even like keeping value in money so I started a wine collection hence the name A Por Uvas translated means for the grapes and has an alternate meaning to be wondering.Just my .02Euro cents. Peace. Well if the shtf I have a bunch of wine to drink. If money has no value and I run out of food I'm sure somebody will share some food if I share the wine.


[edit on 9-9-2009 by A por uvas]



posted on Sep, 9 2009 @ 10:01 AM
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I would not describe it as a collapse, a bit misleading.

If the Dollar dropped 15% - then we'll talk hell-fire and brimstone, end is nigh, Sodom and Gomorrah and Armageddon.



posted on Sep, 9 2009 @ 10:16 AM
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I think the title of this thread is misleading. Sure the dollar has dropped in value since Feb...but I wouldnt call it "Collapsed."

Dollar Value Index


"Gold prices have risen for the past seven consecutive years, and last week another rally pushed prices back through the $1,000 per ounce barrier again. Prices breached this level in February this year and March 2008 – but both times prices have dipped again shortly afterwards."

From Telegraph.co.uk



posted on Sep, 9 2009 @ 10:19 AM
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The thread title is the same as the Forbes article linked in the OP. It's Forbes doing the misleading.



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