Dollar Implosion Imminent, page 2
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reply posted on 11-3-2010 @ 04:32 PM by unityemissions
Originally posted by mnemeth1
Originally posted by unityemissions
reply to
post by mnemeth1



You seem a bit too sure of this for me to take you seriously. You don't say this is probable, you say it WILL happen. I must ask, who would want this exactly? If it's mad max then it's anarchy. That means the government collapses. How would the government becoming non-existent benefit the government? Or are you referring to the ruling elite? I'm just trying to understand your reasoning.


Yes, it WILL happen.

There is no doubt in my mind.

How this will play out is anyones guess, but its clear the US is completely insolvent and has begun its debt death spiral.

Its over.


Yeah, but you didn't state an opinion, you said it WILL be mad max thunderdome type of scenario. That's anarchy. You also stated the government will ensure chaos. Do you have a magic crystal ball?

Listen, I agree that our current course in unsustainable and that we're pretty close to the possibility of collapse. Where we differ is that I don't know of an intent to ensure chaos. I don't know that the government won't change their course of action at the last moment. I don't know if they are already planning things behind closed doors. Well scratch that last one, world leaders ARE doing such things. Perhaps this is a tell that a currency change is in the works.

I just don't buy that the collapse MUST be folllowed by mad max thunderdome atmosphere. It's possible if we do nothing to advert it, but just because the general public isn't aware of an action being done to keep our country stabilized throughout this transition, doesn't mean it's not occurring. In fact, it makes perfect sense to keep the public in the dark and have these bailouts as a means to prevent immediate collapse before plans are made.


reply posted on 11-3-2010 @ 04:33 PM by mnemeth1
reply to post by unityemissions



I don't need a crystal ball to see what is happening right in front of my face.

The Fed is monetizing debt right now.

Thus, there will be chaos.


reply posted on 11-3-2010 @ 04:36 PM by GreenBicMan
Originally posted by mnemeth1
reply to
post by GreenBicMan



I noticed you didn't explain the 30% direct buy participation nor the 24% indirect participation in your little rant.

But keep telling yourself everything is fine.



I noticed we have had large percentages of those every auction for quite a while. What has happened? Dollar has gained and so has the stock market. You do not really follow the markets do you, you just post things that you think in your mind are relevant when in reality you will just look foolish in the long run.

I want you to prove 100% what that means.

Guess what you can't because those figures are not given out SO EVERYTHING YOU HAVE BEEN SAYING IS 100% CONJECTURE. YOU HAVE NO PROOF. And it doesn't mean anything because going by historical standards it DOESNT MEAN ANYTHING AT ALL. It's just a way for ZH to get more "web-hitz" and sell advertising. Wake the # up. It's not that hard.

And I said Santelli gave that part a C if you would reread my previous post.



reply posted on 11-3-2010 @ 04:38 PM by mnemeth1
reply to post by GreenBicMan



sure buddy.

we both know what it means.

It just so happens I'm the only one between us that's actually willing to face the reality of the situation.


reply posted on 11-3-2010 @ 04:39 PM by unityemissions
reply to post by mnemeth1



That's pretty big leaps in logic there.

I notice you have chosen to omit a response from several of my points over the last couple of messages.

Curious..I guess that's because it pokes some holes in your ABSOLUTE theory.


reply posted on 11-3-2010 @ 04:41 PM by SpaceMonkeys
reply to post by GreenBicMan



Just wondering what your views are on the GBP, do you think that is likely to collapse? The reason why I ask is because I'm in the UK and things don't seem to be looking so good here.


reply posted on 11-3-2010 @ 04:45 PM by GreenBicMan
reply to post by SpaceMonkeys



Charts dont look too good for GBP if it falls a bit further to illustrate I will post a chart later on this thread when I can get that application up. Give me a few mins.



reply posted on 11-3-2010 @ 04:47 PM by GreenBicMan
reply to post by mnemeth1



OK man.

We both know then when this doesn't come true anytime within "imminent" you will just change your handle and try again when Gerald Celente puts out his next newsletter.

See you then


reply posted on 11-3-2010 @ 04:52 PM by dreamseeker
reply to post by GreenBicMan



Don't you think with Obama printing money off in the USA it is bond to devalue the dollar and cause some sort of finical crisis? Can the printing off billions of dollars causing more debt against the orginal debt really be a good thing.
Everytime a dollar is printed;debt is created. The USA no longer uses the gold standard we use printed currency to back up printed currency.


reply posted on 11-3-2010 @ 04:53 PM by mnemeth1
Originally posted by GreenBicMan
reply to
post by mnemeth1



OK man.

We both know then when this doesn't come true anytime within "imminent" you will just change your handle and try again when Gerald Celente puts out his next newsletter.

See you then


hahah ok.

If you want to reject the information that's obviously your choice.

Needless to say, I think its a mistake.

Looking at the situation, the dollar is being attacked on all fronts.

The Fed has no way to remove the excess liquidity in the markets. It can't be done without crashing the markets. The bond auctions are a total failure. The EFTs are rigged. There's 5 trillion in off-balance sheet debt backing. The federal government is doing nothing to reign in spending.

What we are witnessing in the bond markets themselves is total upside down insanity. Right now US debt issues are at their highest point in history, yet interest rates are at all time lows.

Explain that one to me.

How is it possible that US debt is at all time highs, yet interest rates are at all time lows?

That is exactly the opposite of what all common sense tells you they should be.

The entire bond market is a rigged game.





[edit on 11-3-2010 by mnemeth1]


reply posted on 11-3-2010 @ 04:56 PM by paraphi
reply to post by mnemeth1



Oh, if it was all so easy and obvious.

We are all predicting the US collapse, but it has not happened yet - no doubt to the annoyance of some.

What everyone fails to recognise is the US is still the biggest economy, has decent growth and is still working. Granted there's debt, but there's debt everywhere.

As much as you will it, the US economy will roll on. Pick up the Economist magazine or flick through the Buisness pages of a decent newspaper and predictions of the end of civilization, anarchy and all that are thankfully missing.

Regards


reply posted on 11-3-2010 @ 04:57 PM by woodwardjnr
Originally posted by GreenBicMan
reply to
post by SpaceMonkeys



Charts dont look too good for GBP if it falls a bit further to illustrate I will post a chart later on this thread when I can get that application up. Give me a few mins.


The GBP is only falling at the moment as there is a possibility of a hung parliament after the next British election. The markets want a Conservative government, but the Conservatives have been losing ground in the Polls recently


reply posted on 11-3-2010 @ 05:02 PM by GreenBicMan
Originally posted by SpaceMonkeys
reply to
post by GreenBicMan



Just wondering what your views are on the GBP, do you think that is likely to collapse? The reason why I ask is because I'm in the UK and things don't seem to be looking so good here.


It is a crude drawing that took me 2 mins.. so excuse the artwork and poorly drawn lines but it illustrates the point

Monthly chart from 1988-2010

You will see it just broke below a major support level and will most likely head to bottom red line or take a shot at the "new" resistance which was once the support

It also has the FIBO's drawn if you believe in that sort of thing.





reply posted on 11-3-2010 @ 05:06 PM by GreenBicMan
reply to post by dreamseeker



What was the debt to GDP ratio after WW2?

I have "heard" it was far greater than this but I just took a quick look and I couldn't find it anywhere. If someone knows this they should post.


reply posted on 11-3-2010 @ 05:06 PM by dreamseeker
en.wikipedia.org...

I think this more on the lines we are talking about eventually hyper inflation. That could explain why it now costs more to buy food, to rent housing and for utlities.


reply posted on 11-3-2010 @ 05:09 PM by dreamseeker
Originally posted by GreenBicMan
reply to
post by dreamseeker

The last time the nation's debt was this big compared with gross domestic product — 70.4% of GDP — was immediately following World War II.


www.usatoday.com...

I found this article that talks about that issue.


reply posted on 11-3-2010 @ 05:11 PM by mnemeth1
Originally posted by GreenBicMan
reply to
post by dreamseeker



What was the debt to GDP ratio after WW2?

I have "heard" it was far greater than this but I just took a quick look and I couldn't find it anywhere. If someone knows this they should post.


Yeah, slight problem here though.

Right after WWII government slashed spending down to nothing and let rates rise.

Do you think that's going to happen this time around?

Also, the US profited enormously by selling war goods to Europe. We had an extremely sound industrial base and a large part of the country was fairly self-sufficient. We also had a gold backed (at least somewhat) currency at the time.

1. Government will not slash spending

2. Government will not raise rates

3. Government will and is monetizing the debt.

4. Our industrial base is a joke

5. No one is self-sufficient any more

We also didn't have massive unfunded debt obligations in Socialist Security or Medicare, to the tune of tens of trillions of dollars.

I think we are far beyond the point of recovery.
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