USD crash, self preparedness., page
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ATS Members have flagged this thread 2 times
Topic started on 20-1-2012 @ 07:16 PM by Bisman
I apologize if this may be in the wrong section (I picked Social Issues / Civil Unrest section)

One of the many debatable issues i read about on this site, that i truly believe is coming, is the inevitability of a currency crisis.
I say USD because i live in the states, however I believe such an event would be a massive euro/usd failure. Thus, a world's issue. And one could speculate to no end the economic (or lack of) events that effect our day to day lives.

In my own paranoia and fear, i look into survival equipment online. However i dont know what i should start with, or what may be needed.

I do buy gold/silver now on a regular paycheck basis. However i cant know how this will be useful in the future either.

-The point of my topic-
I am asking for some open discussion on where we might think the US or world will be if the dollar crashes. I need to hear some honest speculation by people who understand US politics and world economy more then I. What should i expect for unrest in the first months, is gold a unit of survival in a world like this? What would a household need to survive the initial unrest or personal survival? Does the US government have plans for such an occasion?

note; I am not asking for hypothetical fear mongering. Sorry if it appears so. This is truly a personal concern of mine and i need some up to date reading to help me make several decisions. Not necessarily expecting straight forward bullet list advice.

Thanks in advance guys. Hopefully i am wrong and things are going to be fine


reply posted on 20-1-2012 @ 07:33 PM by Magnificient
reply to post by Bisman



It is not inevitable and the USD will never fail. It may slump here and there, but not fail. The only way the dollar fails is if we fail or our government fails. It would take a global event to cause the dollar to fail and if that happens, then money will be least of our needs. All you read about USD failure is just so much hype from one person's panic attack to another.



reply posted on 20-1-2012 @ 07:41 PM by micmerci
reply to post by Magnificient



The fall is not inevitable but something has got to give. Currently, interest on national debt exceeds GDP. There has to be a global event to correct this. There is no other way out from under.

Hyperinflation is a real probability. That is why it is wise to stock up at today's prices.


reply posted on 20-1-2012 @ 10:53 PM by Magnificient
reply to post by ga-`tv-gi



Thanks for the string idea. I'm going to see what these people know about non-perishable food.


reply posted on 21-1-2012 @ 05:54 AM by pause4thought
Have you checked out the Survival Forum? There's an awful lot of sound advice to be had in there.

A few more suggestions in here:

How to survive total economic collapse




reply posted on 21-1-2012 @ 03:14 PM by samkent
reply to post by Iamschist


There is no NWO.
It's made up by people who want to blame their position in life on some one else.
It's a crutch much like the concept of god is.
The dollar will not crash but it will change value.
Your retirement contributions and taxes will go up.
All government benefits will go down or disappear.

Life goes on.

PS Don't waste you money on survival crap. If the SHTF then someone bigger will take it from you. If no SHTF then it will rust and rot. Either way you are wasting your money.

On the other hand you are stimulating the economy.Go ahead and buy it all, some one needs the job. The owner needs a new boat.


reply posted on 21-1-2012 @ 04:25 PM by Iamschist
reply to post by samkent





PS Don't waste you money on survival crap. If the SHTF then someone bigger will take it from you. If no SHTF then it will rust and rot. Either way you are wasting your money.


Certainly I appreciate your input, however I did not say anything about surviorism. I said that there would be no wide scale collapse, as concerns the op.
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