It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
In spite of constant headlines about debts and deficits, most Americans don’t really believe the U.S. dollar will collapse. From knowledgeable investors who study the markets to those seemingly too busy to worry about such things, most dismiss the idea of the dollar actually going to zero.
History has a message for us: No fiat currency has lasted forever. Eventually, they all fail.
www.caseyresearch.com...
Will the US dollar collapse? Debts and deficits are what lead to the downfall of currencies.
Consider, then, that there is no historical precedent for an economy that exceeds a 250% debt-to-GDP ratio without experiencing some sort of financial crisis or high inflation, and that US total debt now exceeds GDP by roughly 400%.
Once a country’s payments on debt exceed 30% of tax revenue, the currency is “done for.” The US will hit that figure by October. Hyperinflation is caused by government budget deficits. This year’s US budget deficit will end up being $1.5 trillion, an amount never before seen in history.
blog.bmgbullion.com...
BMG BullionBars recently published a poster featuring pictures of numerous currencies that have gone bust. Some got there quickly, while others took a century or more. Regardless of how long it took, though, the seductive temptations allowed under a fiat monetary system eventually caught up with these governments, and their currencies went poof!
You might suspect this happened only to third world countries. You’d be wrong. There was no discrimination as to the size or perceived stability of a nation’s economy; if the leaders abused their currency, the country paid the price.
As you scroll through the currencies below, you’ll see some long-ago casualties. What’s shocking, though, is how many have occurred in our lifetime. You might count how many currencies have failed since you’ve been born.
blog.bmgbullion.com...
Originally posted by shadowreborn89
When the dollar colapses most other currencies probly will too.. then once that happens... a new one world currency
Originally posted by Skywatcher2011
If US dollar crashes...two things will likely happen:
a) The Chinese Yuan will take over as the world currency to peg other currencies too
b) The Canadian dollar will rise in value relative to US dollar...and more Canadians will shop in the US thus helping the US economy
Originally posted by Lucifersjester
the USD will be here for a long time yet
Originally posted by Lucifersjester
there is a greater chance of a comet hitting the earth and destroying everyone on earth ( except me and all my COD mates and all my guild members in WoW )in 2012 than the USD collapsing any time soon, the USD will be here for a long time yet
Originally posted by Skywatcher2011
If US dollar crashes...two things will likely happen:
a) The Chinese Yuan will take over as the world currency to peg other currencies too
b) The Canadian dollar will rise in value relative to US dollar...and more Canadians will shop in the US thus helping the US economy