Originally posted by stander

The snowball is about to change into an avalanche ready to bury the redistribution of wealth managed by the US Government. How the Nobel Peace Prize laureate Barack Obama is going to handle the violent outburst of dissatisfaction among the people who will be no longer able to receive various government benefits and less than minimum social security is not clear.


[edit on 10/12/2009 by stander]

This is not Barak Obama's doing. He happened to become President after the collapse, and has made suggestions, only some of which have been taken into consideration by the legislative branch.

I'm all for calling him into question over broken promises on "openness" and the war(s), but not for the economy. That's not entirely fair.

This is just blowing my mind. I'm only in my mid-20s and can easily say I've never seen the dollar in such peril. I know the 70s Crisis you could probably feel but the Dollar wasn't this bad was it?
I just wonder how much longer this plays out.



[edit on 13-10-2009 by Moonsouljah]

Well recent reports had the Fed saying they would not raise rates at least until late next year. This will probably mean more weakening of the dollar. Bernake is screwed no matter what he does now. If he raises rates then we risk another sharp downturn due to tightening of money and real estate crush. If he keeps them at all time lows then we will be on the inflation roller coster. If he waits to long and keeps rates too low then boom, we could have a nasty double digit inflation cloud hanging over us.

Is it just me, or do others notice a decrease in all those "don't buy gold" posts? I swear I saw a couple a day last year.

They all claimed it would be between $350oz. and totally worthless.

I still say they were trying to discourage anyone and everyone from investing in metals so they could get as much in their greedy pockets as they could before the dollar collapsed.

I personally watched several people, including my own dad, lose 50% of their 401k's when they wouldn't listen and the housing bubble and banks blew up.

Sure, you can't eat it, but I'm guessing I can buy at least 5x the amount of beans that dollar would have at this point with this little guy.



Certainly, now might not be the time to get in, at today's prices, but I'm still giving it better odds than standing in a bread line with an empty wheelbarrow.

Anyone wanna buy some commercial real-estate?

just remember to look at the big picture when considering the fall of the dollar. The elitist want the dollar to fall. All that's happening is a carefully thought out plan being put into action now.

Also , there isn't really just a US dollar problem, it's a global problem, as most of the world is in a depression funk. What happens here effects the whole world. The problem with the other countries, is that they want a new reserve currency, but get hurt when they make a break from the dollar. It's like an addict in rehab, they know to stop using is what they need, but that doesn't make it any easier to stop.

The dollar has been giving big warning signs of valuation trouble for a long time, Some folks are distracted by the rise in the Dow average. But dollar watchers have watched the dollar fall through continous support levels. Soon enough it will frre fall. That's when the real fun starts. We will see a panic of the entire commerce system, as people try not to be the last man out the door.


The first collective sigh of understanding is coming soon, when people see that the bottom has already fallen out, and they missed their best chance at getting out. It will be soon enough. When that moment happens, no ammount of msm propaganda will slow the exits out the door.

Good luck, you're gonna need it.

Originally posted by Amagnon

I wish the Russians and Chinese would just start lobbing nukes around - and assassinating globalists - but it appears they are neck deep into this crap as well anyway - the globalists are inside CHina and Russia by the looks of it.

I really don't know if there are globalists inside Russia and China. I would think that these two giants would not have any positives outcomes by giving up their sovereignty.

Any reason to believe the globalists have Russia and China under control?