What if tomorrows news headline read: "The Dollar Collapsed Today" ??

reply to post by In nothing we trust


I'm sorry to see a perfectly decent thread getting trashed with almost entirely off-topic replies. Its obvious to me that you are presenting a hypothetical scenario and if I wasn't interested in it the best option would be ignore the post and move on rather than trash it and insult the topic.

If your hypothetical happened I would first say something like "Holy @#$% I didn't think that was possible to happen so quickly." Then I'd then simply start using the Yen, Euro, or what ever that New Zealand currency is called. I'm sure that is what corporations would be scrambling to do. Over the long term however people would switch to gold, silver, and other commodities as a result.

Fortunately this stuff doesn't happen overnight and so our switch to foreign currency will be slow and our more permanent switch to commodity-backed currencies would be even slower than that.

I did mean to short the dollar some time ago but would have covered my position and possibly "gone long" by now meaning I believe the dollar will strengthen over the next few months.

Originally posted by jdub297
reply to post by In nothing we trust

 

As of right now, gold and oil are down in$$.

That's when you buy.

Originally posted by jdub297
The $$ is up against the Euro, Ruble, Yuan, and Peso.

That's when you sell.


Current Morgan Stanley survey of hedge fund managers....

[atsimg]http://files.abovetopsecret.com/images/member/022e678e6294.jpg[/atsimg]

Very crowded long dollar trade , but we'll know more about the near-term direction of Gold/USD after the Fed speaketh on Wednesday.

Originally posted by In nothing we trust
You know what I think it comes down to is.

Kill to keep the money

vrs

Kill to get the money

Are you willing to kill for the US dollar?




[edit on 23-1-2010 by In nothing we trust]

I thought that was what america was already doing... weird.

IMHO, If tommorows Headlines Read "The Dollar Collapsed" then the following days headline would read "Massive Civil Unrest! Martial Law has been Declared"

Originally posted by The_truth_is_stranger
IMHO, If tommorows Headlines Read "The Dollar Collapsed" then the following days headline would read "Massive Civil Unrest! Martial Law has been Declared"

Isn't that what all the execuive orders that have been created in the last few decades are all about?

BTW I'm now thinking that Ronald Reagan was actually a puppet dictator.





[edit on 24-1-2010 by In nothing we trust]

reply to post by In nothing we trust



I do believe that is correct sir.