Everyone is getting out from under the FRN to avoid being crushed. Now is the time to buy precious metals before they sky-rocket and before the dollar goes up in smoke!

Picture this scenario and please give input.... US Dollar fails. What would we do? and, How bad would this effect our imports and exports to other countries... I don't want to use gold. I'm color blind and would mistake my money for rocks.. sigh

Star to OP, This is scary~ Everything is being rolled up in a turd and sooner or later someone is going to give the final stir.

With everything that's been happening in the world could this be the "Preverbial" Nail in the coffin? In terms to the financial fall of the United States of America?

Will the money trail leed to the collapse of the FRN?

Scary scary. I look forward to updates.

Originally posted by ajay59
Everyone is getting out from under the FRN to avoid being crushed. Now is the time to buy precious metals before they sky-rocket and before the dollar goes up in smoke!

edit on 25-1-2013 by ajay59 because: (no reason given)

This is the most important reply of the thread... 1 million stars!

This only about 2%. Surely no impact until it starts to hit 20%.
Also its normal for folk to spend more in Jan.

Our economy is set to collapse sometime in march. When the citizens go rampant due to food needs martial law will be instated.

Taking your cash out of banks and holding on to paper dollars is a recipe for disaster. Invest in energy, mining, and soybeans.

Actually, this "TAG" program was known to be ending...

The Board of Directors of the Federal Deposit Insurance Corporation (FDIC) today approved a final rule to implement section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Section 343 provides temporary unlimited coverage for noninterest-bearing transaction accounts. This separate coverage will become effective on December 31, 2010, and will end on December 31, 2012.

The final rule revises the FDIC’s deposit insurance regulations to include noninterest-bearing transaction accounts as a new temporary deposit insurance account category. All funds held in such accounts are fully insured, without limit, and this coverage is separate from, and in addition to, the coverage provided to depositors for other accounts at an insured depository institution.

Noninterest-bearing accounts, as defined in the Dodd-Frank Act, include only traditional, noninterest-bearing demand deposit (or checking) accounts that allow for an unlimited number of transfers and withdrawals at any time, whether held by a business, individual or other type of depositor.

Many argue that there is no more liquidity crisis to merit the continuation of the program, thus much of this wealth is simply being shuffled around to different account types - depending on the entity doing the shuffling.

The Fed seems to still be squeezing the money supply down (creating more power for them to wield with the politicians) ... as a result - money being scarcer - the poor will remain poor, the middle class will remain under their yolk, and the upper class will continue to play into the gimmick which takes the form of making money without producing anything ... It's the Fed's show ... it's called monetary policy and they rule us with it... thank you Democrat and Republican prostitutes.

Originally posted by RP2SticksOfDynamite
This only about 2%. Surely no impact until it starts to hit 20%.
Also its normal for folk to spend more in Jan.

but it isn't from spending more. If it were it would just transfer from one bank to the next, or one account to another, with no net loss to the system. This money is leaving the system, meaning that it is either going in shoe boxes under the bed or being used to buy PMs or other commodities.