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Dollar: Is It About to Collapse?

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posted on Mar, 6 2011 @ 10:21 AM

After serving as the inspiration for the Chairsatan’s latest appellation with his February missive, Bill Gross now goes for the jugular with the $64,000 question: with “nearly 70% of the annualized issuance since the beginning of QE II has been purchased by the Fed, with the balance absorbed by those old standbys – the Chinese, Japanese and other reserve surplus sovereigns.

With foreign interests buying 30% of the debt, who is going to buy the rest? The FED - and the end game, the American people. As it is, the basis of the American Dollar - the basis for all fiat currencies is confidence, and taking a look at the news lately, that confidence is faltering. In the up incoming months, years there will be an event, that will trigger a sell off of dollars and suddenly you will wake up one day, the banks will be closed, the atms won't work and grocery stores will be picked clean.

posted on Mar, 6 2011 @ 10:28 AM
It does seem like a collapse of the dollar is just around the corner.

i believe that the planned protests in saudi arabia, 11th, march will trigger this. it could be as early as this month.

check this thread out:

timewave zero, wikileaks, arab revolutions

iran for the first time has threatened saudi arabia to not crack down on protests planned.

saudi arabia earlier had threatened to go in bahrain and control the shia protests if the bahranian government fails.

timewave zero could be somehow accurate

posted on Mar, 6 2011 @ 10:31 AM
Saudi Arabia has called up 10,000 troops to deal with any protests, and promises to arrest anyone involved in those protests. This will only light the fuse to the powder keg.

posted on Mar, 7 2011 @ 12:33 PM
The saudi's protested yesterday and yes the dollar and the US is going to collapse but how bad? that's the question.

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