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Originally posted by intrptr
Anyone who has a clue about the intrinsic value of metal coin as opposed to paper currency will know that this is the way of all "civilizations" in the past. It happened in Germany once upon a time too.
The crack in the Matrix is growing...
Hyperinflation
You can take all that paper and use it to block up the sewers in a storm or keep you warm in the winter. At some point all of it you can wheelbarrow around will buy you less at the corner market than...
...one pre 1964 US silver dollar.
"I am concerned about this process, I am really concerned. But no-one can tell the timescale of catastrophic releases. There is a probability of future massive releases might occur within the decadal scale, but to be more accurate about how high that probability is, we just don't know," Dr Shakova said.
"Methane released from the Arctic shelf deposits contributes to global increase and the best evidence for that is the higher concentration of atmospheric methane above the Arctic Ocean," she said.
"The concentration of atmospheric methane increased unto three times in the past two centuries from 0.7 parts per million to 1.7ppm, and in the Arctic to 1.9ppm. That's a huge increase, between two and three times, and this has never happened in the history of the planet," she added.
Originally posted by 19KTankCommander
seeing this reminds me of the great depression, know you know why your grandparents kept money stashed under the bed mattress or in cans buried in the back yard. Is it really going to come to this.
Interesting fact about the candian's dollar being backed by the US Dollar and the Candians sold all there gold, they must have some, some where, which this relates back to another thread about Germany wanting all there gold back in country they had stored around the world during the cold war.
The Canadian dollar (sign: $; code: CAD) is the currency of Canada. As of 2011, the Canadian dollar is the 7th most traded currency in the world, accounting for 5.3% of the world's daily share.[2] It is abbreviated with the dollar sign $, or C$ to distinguish it from other dollar-denominated currencies.[3] It is divided into 100 cents.
Originally posted by Hijinx
The Canadian dollar has actually been worth more than an American dollar many times in the last 5 years
If it was based off an American dollar why would that be the case? Currently 1 canadian dollar is the same as 1 us dollar in value. Our dollar is Also a "fiat" dollar, gaining most of it's value from our economy, as well as the people's faith in that dollar.
The more our dollar is traded, the more it's worth.
Originally posted by dominicus
How much time to we have before a full blown dollar and economic collapse here in U.S. ?
What's your guys take?
Originally posted by WeRpeons
There's really only one answer if there is a global economic collapse. Game over, turn in your game pieces, start the game over and institute global loan forgiveness. There will be some winners and losers, but there really is no other choice.
If the governments of the world sit on their hands after a global collapse and think they can fix the enormous mountain of debt while people of the world go into total anarchy, they're cooking their own goose. Nobody will survive the onslaught of people who will storm government buildings and private civilian homes. The military won't be paid, and the governments of the world will lose all control.
It's really a no win situation. Unless government representatives meet at a world summit and discuss the implementation of loan forgiveness and establish strict government guidelines for future government spending, the world will cease to exist the way we know it.
Originally posted by AnonLover
Originally posted by dominicus
How much time to we have before a full blown dollar and economic collapse here in U.S. ?
What's your guys take?
I say a potential collapse of the dollar between 4/1/13-9/1/13. USD/EUR paired price charts provide a great sight to the spiral... Everyone is dumping their holdings... And all crashes are overnight, just like 2008. So there will probably be a few more price peaks followed by 'The Collapse'.