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When's the US Dollar going to bite the big one

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Herring Caldari Fork In Your Face LTD	Posted - 2010.10.28 21:18:00 - [1] With more government babble of 'stimulus', my guess is sometime in late 2012 or early 2013. Then our chinese overlords are coming in to repossess.
Brutorr	Posted - 2010.10.28 21:47:00 - [2] Edited by: Brutorr on 28/10/2010 21:49:01 I think that the US dollar will ruin everything, but your reasoning is very... stupid. The big economic cats plan to devalue the USD in an attempt to make money through trading mainly with China. Anyone remember Germany before WWII?
TimMc Brutal Deliverance Extreme Prejudice.	Posted - 2010.10.28 21:58:00 - [3] Originally by: Brutorr Edited by: Brutorr on 28/10/2010 21:49:01 I think that the US dollar will ruin everything, but your reasoning is very... stupid. The big economic cats plan to devalue the USD in an attempt to make money through trading mainly with China. Anyone remember Germany before WWII? Sadly the invention of debit cards makes the visualisation of wheelbarrowing money to the supermarket impossible in a modern scenario.
Brutorr	Posted - 2010.10.28 22:02:00 - [4] Originally by: TimMc Originally by: Brutorr Edited by: Brutorr on 28/10/2010 21:49:01 I think that the US dollar will ruin everything, but your reasoning is very... stupid. The big economic cats plan to devalue the USD in an attempt to make money through trading mainly with China. Anyone remember Germany before WWII? Sadly the invention of debit cards makes the visualisation of wheelbarrowing money to the supermarket impossible in a modern scenario. Are you joking?
Sidus Isaacs Gallente	Posted - 2010.10.28 22:07:00 - [5] Edited by: Sidus Isaacs on 28/10/2010 22:08:44 Originally by: Herring With more government babble of 'stimulus', my guess is sometime in late 2012 or early 2013. Then our chinese overlords are coming in to repossess. The US dollar took the bullet in the 1930s with the fractional reserve banking introduction and the private Federal Reserve. No ammount of "stimulus" is going to help, its compleatly retared to think in such terms. What US needs is a good monetary reform to actually make a currency that is based on something other then debt, and something not regulated by private interests. -------------------------------------------------------------------------------- http://desusig.crumplecorn.com/sigs.html
Vogue Skynet Nexus	Posted - 2010.10.28 22:20:00 - [6] Edited by: Vogue on 28/10/2010 22:28:27 As far as currency wars go USA is being hypocritical as it deliberately devalued its currency in the late 80's and early 90's. But in any case if the Chinese currency did rise say 20% it is not going to make much difference to some fundamental problems of US consumers living beyond their means on credit and republicans being ******s just saying 'no' to most initiatives including good ideas like national infrastructure renewal. There is a growing schism between US company's that are very competitive, making profits but simply need less people to operate. So you will see Wall Street doing well but average US folk being more disenfranchised. I am a Brit and see some Americans views as very odd if they cling on to their dogmatic 'freedom fetish'. That is government does very little and lets people fend for themselves. Well US government did a very good job of rescuing the big 3 automakers. That is a cause for celebration. China does not present the end of the road for western industries. Germany is showing that high quality goods and products that not sold cheaply have a place in the global marketplace. Back to the original subject as I always go off on tangents! If the petrodollar vanishes - countries shift selling oil from dollars to Euros and say Chinese Renminbi then that is a very big deal. Generally speaking I hope the world can continue to move forward as it has done since WW2 - a time of relative peace for the world and a massive growth in living standards and productivity overall. I just hope the friction between China and USA does not erupt into either 1930's style protectionism or even worse war. Though to be honest I would like to see the UK be less of an economic satellite to the USA. ..................................................
Zedic Amarr Universalis Imperium Tactical Narcotics Team	Posted - 2010.10.28 22:55:00 - [7] "Zedic, would probably, somehow, make it all blow up." - Akima Jarka
Barakkus	Posted - 2010.10.28 23:03:00 - [8] Originally by: Vogue Back to the original subject as I always go off on tangents! If the petrodollar vanishes - countries shift selling oil from dollars to Euros and say Chinese Renminbi then that is a very big deal. I don't think anyone will want to shift to Euros considering the Euro is tanking as we speak. The only reason the European Union is staying afloat is b/c Germany keeps bailing everyone else out...how long you think it will be before Germany just says ** off and goes off and does their own thing? I recon not too much longer if they keep accepting countries like Greece in. Originally by:** captain foivos Who would recruit someone named Barakkus? Wait a minute...
Professor Tarantula Hedion University	Posted - 2010.10.28 23:54:00 - [9] Edited by: Professor Tarantula on 28/10/2010 23:56:48 Originally by: Sidus Isaacs The US dollar took the bullet in the 1930s with the fractional reserve banking introduction and the private Federal Reserve. No ammount of "stimulus" is going to help, its compleatly retared to think in such terms. What US needs is a good monetary reform to actually make a currency that is based on something other then debt, and something not regulated by private interests. While that would be the responsible thing to do, the reason they went off the gold standard in the first place was so they could just create money as they need it. The fed and global bankers couldn't care less about the future of America. They're in it for themselves. When they're done using it, they'll let the economy collapse, and leave the citizens holding the bag wondering what happened. Probably fighting amongst themselves about whose political party is to blame. My Warmest Regards. Prof. Tarantula, Esq.
ceaon	Posted - 2010.10.29 00:28:00 - [10] i hope the interest rates go back to 2% atm USD is to damn hot, nobody likes hot money just ask south Korea and OPEC Originally by: CCP Adida The male thread was locked because the discussion turned into transsexuals and man boobs.

Zedic Amarr Universalis Imperium Tactical Narcotics Team	Posted - 2010.10.29 00:49:00 - [11] Just think my Euro friends! It'll be like when you turn 30 (at least, everyone I know here seems to do this lol). Our home will collapse, and we'll all move back in with our parents (you) until we sort things out. Win Win! eh? "Zedic, would probably, somehow, make it all blow up." - Akima Jarka
Noun Verber Gallente	Posted - 2010.10.29 03:17:00 - [12] it already has
Herzog Wolfhammer Gallente Aliastra	Posted - 2010.10.29 03:22:00 - [13] When the dollar started with the Federal Reserve, 20 of them purchased one ounce of gold. Now gold is over $1300. Looking at what you could buy with a gold coin back then and what you can buy with $1300 now is not very different. The buying power of gold is static except where market forces dictate for demand of certain commodities, so the dollar today is worth 3 cents of the dollar of yesterday. As for the dollar biting the big one, that's like wondering when the dog that hasn't moved in a year is going to die.
Caleidascope Minmatar Republic Military School	Posted - 2010.10.29 03:53:00 - [14] There will be no dollar collapse any time soon, not in 2012, not in 2013.
Professor Tarantula Hedion University	Posted - 2010.10.29 03:56:00 - [15] Originally by: Caleidascope There will be no dollar collapse any time soon, not in 2012, not in 2013. So, 2014? My Warmest Regards. Prof. Tarantula, Esq.
Caleidascope Minmatar Republic Military School	Posted - 2010.10.29 04:23:00 - [16] Originally by: Professor Tarantula Originally by: Caleidascope There will be no dollar collapse any time soon, not in 2012, not in 2013. So, 2014? There is not enough bad things to cause the collapse. I was in Russian when USSR disintegrated in 1991. Russian currency was in shambles, Russian economy was in shambles. Yet here we are, almost 20 years later. Russia still around. No civil war, no nukes went off. Life in Russia is not great, but people go on. US is in good shape compared to what I saw in 1991-1994 in Russia. People who are predicting collapse of US or US dollar in the very near future have no clue what they are talking about, they have absolutely no perspective on the situation. If you are really really seriously concerned, go and buy some American Silver Eagles that US Mint makes.
Herring Caldari Fork In Your Face LTD	Posted - 2010.10.29 04:44:00 - [17] Originally by: Brutorr Edited by: Brutorr on 28/10/2010 21:49:01 I think that the US dollar will ruin everything, but your reasoning is very... stupid. I didn't make an argument; I don't know what you're talking about with reference to reasoning. I asked a question. You however state the dollar will ruin everything, and give not even the slightest hint of why? Try again.
Professor Tarantula Hedion University	Posted - 2010.10.29 04:46:00 - [18] I'm Canadian myself, and am also pretty stable in terms of assets. My main concern about the US economy is that a collapse will be used to justify a 'world bank' and currency. It's a reaction which was presented many times by various people when things were getting shakey in the US. It's also something which has been brought up in relation to the Euro's instability as well. The global bankers would love such a thing, but how far do you think they'd go to have it? Countries enjoy their soverignty, and won`t go along with it easily. My Warmest Regards. Prof. Tarantula, Esq.
Zions Child Caldari The Resident Haunting Dead Terrorists	Posted - 2010.10.29 05:11:00 - [19] Originally by: Professor Tarantula I'm Canadian myself, and am also pretty stable in terms of assets. My main concern about the US economy is that a collapse will be used to justify a 'world bank' and currency. It's a reaction which was presented many times by various people when things were getting shakey in the US. It's also something which has been brought up in relation to the Euro's instability as well. The global bankers would love such a thing, but how far do you think they'd go to have it? Countries enjoy their soverignty, and won`t go along with it easily. I doubt that even the most concerted effort from Global bankers would result in a "global currency" (By the by, there already is a World Bank, although its purpose is mostly charitable). One of the problems with everyone sharing a currency is that a particular region cannot in any way shape or form alter fiscal policy if their region is suffering for some economic reason. The U.S Dollar, by the way, has been experiencing one of the slowest rates of inflation it ever has. 1.1%. The target rate is around 2%. In fact, for the first 3/4 of 2009, the Dollar actually increased in value. And although you might have been able to buy an ounce of gold with $20 before 1930, gold was A) used much, much less (all the gold ever mined by humanity combined would equate to 3 Olympic swimming pools. Thats for every circuit, piece of jewelry, etc.) and B) to get $20 was far, far, FAR more difficult. You obviously don't understand the concept of what "inflation" is. What a currency is valued at relative to other currencies, commodities, etc is unimportant. What is important is whether the amount people get paid increases as the Consumer Price Index increases. The CPI is a basket of household commodities. Gold is not a household commodity. TL;DR: Inflation ain't actually a problem, anyone saying it is, is pulling your leg. Originally by: CCP Shadow snip Castration successful. Shadow.
Herring Caldari Fork In Your Face LTD	Posted - 2010.10.29 05:22:00 - [20] Originally by: Zions Child Originally by: Professor Tarantula I'm Canadian myself, and am also pretty stable in terms of assets. My main concern about the US economy is that a collapse will be used to justify a 'world bank' and currency. It's a reaction which was presented many times by various people when things were getting shakey in the US. It's also something which has been brought up in relation to the Euro's instability as well. The global bankers would love such a thing, but how far do you think they'd go to have it? Countries enjoy their soverignty, and won`t go along with it easily. I doubt that even the most concerted effort from Global bankers would result in a "global currency" (By the by, there already is a World Bank, although its purpose is mostly charitable). One of the problems with everyone sharing a currency is that a particular region cannot in any way shape or form alter fiscal policy if their region is suffering for some economic reason. The U.S Dollar, by the way, has been experiencing one of the slowest rates of inflation it ever has. 1.1%. The target rate is around 2%. In fact, for the first 3/4 of 2009, the Dollar actually increased in value. And although you might have been able to buy an ounce of gold with $20 before 1930, gold was A) used much, much less (all the gold ever mined by humanity combined would equate to 3 Olympic swimming pools. Thats for every circuit, piece of jewelry, etc.) and B) to get $20 was far, far, FAR more difficult. You obviously don't understand the concept of what "inflation" is. What a currency is valued at relative to other currencies, commodities, etc is unimportant. What is important is whether the amount people get paid increases as the Consumer Price Index increases. The CPI is a basket of household commodities. Gold is not a household commodity. TL;DR: Inflation ain't actually a problem, anyone saying it is, is pulling your leg. That's what every Keynesian says....inflation, not a problem

Aiwha Caldari 101st Space Marine Force Nulli Secunda	Posted - 2010.10.29 05:30:00 - [21] Have a "revolution" establish a new country, new currency, what is this US you speak of? Secure bounty services
Zions Child Caldari The Resident Haunting Dead Terrorists	Posted - 2010.10.29 06:20:00 - [22] Originally by: Herring That's what every Keynesian says....inflation, not a problem Amazing, since Keyensian Economic theory has tended to, you know, accurately model the economy of your average Nation. Inflation is only a problem when its real, or if currency gets devalued very quickly. The first does not apply to the U.S., and the second requires a particularly obstinate freshwater economist printing money like mad. Originally by: CCP Shadow snip Castration successful. Shadow.
Louis deGuerre Gallente Amicus Morte Dead Muppets	Posted - 2010.10.29 08:51:00 - [23] Wolfram Alpha to the rescue ! 8 trillion dollars...8000 billion.....8 million million dollars. That's a lotta dollars lol Sol: A microwarp drive? In a battleship? Are you insane? They arenÆt built for this! Clear Skies - The Movie
Corozan Aspinall Party Time Inc.	Posted - 2010.10.29 10:49:00 - [24] USD will bite it probably a few years after oil is started to be traded in Yuan. 75-150 years or so.
UVPhoenix2 Rim Collection RC Test Alliance Please Ignore	Posted - 2010.10.29 10:58:00 - [25] I can get a loaf of bread for a buck at Walmart. What now Doomers?
ceaon	Posted - 2010.10.29 12:41:00 - [26] Originally by: UVPhoenix2 I can get a loaf of bread for a buck at Walmart. What now Doomers? the fact that you shop at walmart tells allot about you economic knowledge Originally by: CCP Adida The male thread was locked because the discussion turned into transsexuals and man boobs.
So Sensational GREY COUNCIL Nulli Secunda	Posted - 2010.10.29 13:22:00 - [27] IN THIS THRED MANY PEOPLE KNOW MUCH AND ARE UP TO DATE ABOUT ECONOMICS MUCH RECOMMENDED THRED. NO ONE IN THIS THRED IS A LAYMAN WITH MAYBE AN COLLEGE DEGREE BUT EVERYONE IS AN EXPERT IN FIELD OF ECONOMICS MUCH RECOMMENDED ADVICE. TOP NOTCH.
Ultim8Evil Ministry Of Eternal Disorder	Posted - 2010.10.29 13:35:00 - [28] Originally by: So Sensational IN THIS THRED MANY PEOPLE KNOW MUCH AND ARE UP TO DATE ABOUT ECONOMICS MUCH RECOMMENDED THRED. NO ONE IN THIS THRED IS A LAYMAN WITH MAYBE AN COLLEGE DEGREE BUT EVERYONE IS AN EXPERT IN FIELD OF ECONOMICS MUCH RECOMMENDED ADVICE. TOP NOTCH. ZOMG MY SPELLING IS **** AND MY CAPS LOCK BUTTON IS BROKENED! --------------------------------------------------------------------------------
alittlebirdy	Posted - 2010.10.29 14:22:00 - [29] OP is an idiot, when the doller tanks, will we pay off all our debt... WTB history class... Welcome to how you get out of debt. when 1million buys a loaf of bread... good time to pay off those billions you owe... as, it is like giving them $20
Caleidascope Minmatar Republic Military School	Posted - 2010.10.29 14:25:00 - [30] Originally by: So Sensational IN THIS THRED MANY PEOPLE KNOW MUCH AND ARE UP TO DATE ABOUT ECONOMICS MUCH RECOMMENDED THRED. NO ONE IN THIS THRED IS A LAYMAN WITH MAYBE AN COLLEGE DEGREE BUT EVERYONE IS AN EXPERT IN FIELD OF ECONOMICS MUCH RECOMMENDED ADVICE. TOP NOTCH. Note to CCP: I need the Block feature so that I can block and never read posts by simpletons like the one above, please!



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