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Dollar Crash September 30th

Discuss issues related to business, finance, taxes, investments, cost of living in different countries, etc.

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Taco
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Dollar Crash September 30th

Post by Taco » September 12th, 2016, 11:50 pm

You can go ahead and circle September 30, 2016 on your calendar. This is the date the IMF officially recognizes the Chinese Yuan in its SDR basket of currencies at exactly 12 midnight. The decision to now include the Yuan in the SDR basket is part of a larger power play by China and the US. Since 2009, China has been one of the largest lenders to the IMF. While its unlikely the US dollar will crash on this date this action could set off a chain of events that could crash the dollar.

Keep in mind, Germany told its citizens to stockpile 10 days of food and water on August 22. The Philippines, which has a long standing territorial dispute with China declared an indefinite state of emergency on September 6. After which, China and Russia started to have joint military exercises in the South China sea yesterday on September 12.

Dr. Jim Rickards has been a financial adviser to the CIA since 2001. He has said the US dollar will be devalued against foreign currencies by 80% which is to say that the price of imported products in the US will go up 500%. When the Dollar Dies, those battle scenes on TV will be news reports from Chicago, Cleveland and St Louis and not just Mosul and Kabul.” – Video Rebel

IMF Approves Reserve-Currency Status for China's Yuan
http://www.bloomberg.com/news/articles/ ... on-in-2010

Planned Financial Collapse to Likely Occur This Fall
https://www.youtube.com/watch?v=F1hUWHCiiVI

The End Of The World As We Know It
https://www.youtube.com/watch?v=f5tVpDtuHeo

Canadian Billionaire Predicts End Of US Dollar As World's Reserve Currency
https://www.youtube.com/watch?v=nX7J8-VTG08

China, Russia begin joint exercises in South China Sea
http://edition.cnn.com/2016/09/12/asia/ ... exercises/

Goldman Sachs: Avoid stocks for next 3 months
http://money.cnn.com/2016/08/01/investi ... ll-stocks/
“Every time a President leaves the White House after two terms, there is a recession within the next year"

Taco
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Re: Dollar Crash September 30th

Post by Taco » September 13th, 2016, 6:20 am

This just in...

Here's A Timetable For The Dollar's Demise
http://mobile.businessinsider.com/heres ... ise-2016-9
“Every time a President leaves the White House after two terms, there is a recession within the next year"

The_Adventurer
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Joined: August 23rd, 2007, 5:17 pm

Re: Dollar Crash September 30th

Post by The_Adventurer » September 13th, 2016, 9:55 am

It's worth noting that this article is talking about a process which begins on September 30, but that will take YEARS to play out. Their doom and gloom forecast also makes one simple mistake. It assumes your portfolio and all your assets are denominated in dollars. If you have been investing in Singapore, Indonesia and other parts of Asia, own some precious metals and have some RMB denominated bank accounts (I have 4 now) and maybe even a little bitcoin, you have nothing to worry about.

I saw a great video, and now wish I saved it to link here, about how China has been doing with money what the British Empire and American Empire have been doing through force for centuries, and they are being much more successful with their soft takeovers.

There are more reasons to move to Asia than girls.
“b***y is so strong that there are dudes willing to blow themselves up for the highly unlikely possibility of b***y in another dimension." -- Joe Rogan

HouseMD
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Re: Dollar Crash September 30th

Post by HouseMD » September 13th, 2016, 9:07 pm

Oh look, it's Taco the Broken Clock again...

Taco
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Joined: July 9th, 2011, 5:30 pm

Re: Dollar Crash September 30th

Post by Taco » September 24th, 2016, 1:13 am

Jim Rickards has predicted a major upset to the global fiat currencies, including the US Dollar at the end of trading day (4pm EDT Sept 30, 2016)

CHINA-As part of their requirements to enter into the SDR basket of currencies in Oct, will reveal their GOLD holdings by Sept. 30
http://www.thedailyeconomist.com/2016/0 ... their.html

[youtube]https://www.youtube.com/watch?v=3z7Brctl69A[/youtube]
“Every time a President leaves the White House after two terms, there is a recession within the next year"

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Teal Lantern
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Re: Dollar Crash September 30th

Post by Teal Lantern » October 12th, 2016, 6:09 pm

Are we there yet? :wink:
не поглеждай назад. 8)

"Even an American judge is unlikely to award child support for imputed children." - FredOnEverything

HouseMD
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Joined: February 14th, 2012, 3:20 am
Location: Buried Under a Pile of Books

Re: Dollar Crash September 30th

Post by HouseMD » October 13th, 2016, 12:51 am

Teal Lantern wrote:Are we there yet? :wink:
I'm already running out of canned goods and I can hear the raiders rapping at my door. Pray for me, for I fear this shall be my last entry. My water ran out last week, for I was unprepared, and I used five of my six bullets fending off a group of robbers that were out for my ramen. Only one good use for the last round... Taco... Was... Riiiiiiight... :lol:

Citizen
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Re: Dollar Crash September 30th

Post by Citizen » October 13th, 2016, 1:26 am

If people don't know why the world exists then they can't know why it will end. If they don't know why it will end then they can't know when it will end.

same is true for the dollar. If people don't know why the dollar exists then they can't know why it will end. If they don't know why it will end then they can't know when it will end. Those who know the why know the when.

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