Myth of the dead US dollar

[Taco]

People like Taco have been predicting a collapse of USD is right around the corner (weeks to months out) for many years now on this forum. That kind of talk is silly and detracts a lot from his credibility. If something like that ever does happen, it will take most everyone by surprise. He imagines he's in the know cus he watches some off-the-wall Youtube videos. That's delusional.

You need to get your facts straight Rock. Most of the videos and info. I've presented on the forum are other peoples opinions not my own. Its obvious none of "experts" can agree on a timeline for economic turmoil in the US to begin but that's not my fault. The fact is the US is borrowing 8 trillion dollars a year and they can't pay it back.

The last time I checked the US Dollar Index has been going down for the last 30 years.

And Taco, don’t deny that you’ve been crying wolf for many years now. In the earlier days, you claimed to have some sort of special inside track and ‘the end’ was just around the corner. Now that you’ve been proven wrong month after month, year after year, you are distancing yourself claiming that those vids are just opinions of others, not your own. Go back and read your old posts from 1, 2, 3, 4 years ago. You’ve been paranoid and you’ve been very wrong. Anyone who followed what you've been pushing people to invest in (eg gold or shorting equities) would have lost a bundle. Own up.

You don't have to worry, I know I'm paranoid and for good reason. The videos I shared are the opinions of others but I do believe what they're saying. The info. I provided was not meant to be investment advice, what you invest in is up to you. I invested in a Filipina mom 2 years ago I don't expect to get a good return. However, I was wrong on the timeline, I thought it would happen much sooner. Mainly due to Utah and Arizona legalizing gold and silver coins several years ago. Residents of Colorado and Washington can just use weed as legal tender when all the shit goes down.

For some reason the US military is going to put women in combat while tiny police departments are now using MRAPS. Don't ask me why?

Utah Legalizes Gold, Silver Coins As Currency
http://www.huffingtonpost.com/2011/05/2 ... 65333.html

Arizona Passes Law Making Gold And Silver Legal Tender
http://www.dailymail.co.uk/news/article ... money.html

U.S. Military Vows To Put Women In Combat Roles By 2016
http://www.bloomberg.com/news/2013-07-2 ... -2016.html

Tiny Town Has An MRAP
http://www.washingtonpost.com/news/the- ... y-for-war/

[MrPeabody]

Fools gold.

http://www.ritholtz.com/blog/2010/07/gl ... -goldline/

[Moretorque]

We are all surprised they have kept it going this long, they have unlimited #'s to inject into the economy to prop it up as they see fit. Have faith fiat currencies always go to their real value eventually but this has been unique because it has been modified as the PETRO$. China will soon be the reserve currency and America is odious. This has all been prescripted on purpose!

Mr.Peabody you need to go back in time to December 23 1913 and save us sheople.

[Winston]

I heard that the US dollar is stronger now and that exchange rates are getting better in favor of the US dollar. Is that true? If so, then what was all that talk in the conspiracy movement about the dollar collapse? Was it all fluff? Does that mean the dollar is still the best currency to hold cash in?

Since numbers are easy to manipulate, I would imagine that the financial elite cabal have many ways of manipulating money and numbers to keep the value of the dollar stable right?

[Moretorque]

Mr. Wu all fiat currencies eventually go to 0, I'll be it this time this one is backed by oil. They have plans to implode the $ but on their terms. This is a movie script and the prize is world domination when a group does not follow the script as agreed upon this throws a monkey wrench in the CITI's script. If you are smart you will nor bet on the $ long term. Russia appears to not be following the script, look what they are doing to them for not doing as the masters have told them.

[Taco]

I heard that the US dollar is stronger now and that exchange rates are getting better in favor of the US dollar. Is that true? If so, then what was all that talk in the conspiracy movement about the dollar collapse? Was it all fluff? Does that mean the dollar is still the best currency to hold cash in?

Since numbers are easy to manipulate, I would imagine that the financial elite cabal have many ways of manipulating money and numbers to keep the value of the dollar stable right?

True, the dollar is at a 9 yr high and the Dow Jones Index is at an all time at the moment. However, this information doesn't mean anything except the Dow Jones Index can't go up for much longer. Little known fact, the US government went bankrupt in 2008 and the US dollar has been on suicide watch ever since, hence the many prophets of doom. As of November 16, 2014 your bank account is now only insured for 1.12% of the total deposit if any of the big banks fail thanks to our friends at the G20 summit. The elite make more money by crashing currencies than by propping them up that's why they do it.

U.S. Dollar Index (DXY)
http://www.marketwatch.com/investing/index/dxy

Dow Jones Index
https://ca.finance.yahoo.com/echarts?s= ... I;range=5y

[Moretorque]

Actually the US government was declared bankrupt March 9th 1933, the system the CITI erected went under in 2008 but has been held aloft by #'s they call credit and our stupidity to get in a situation to where we tote the line of this system to stay alive. We are just swapping I o U's back and forth to be paid back plus interest to the credit monopoly with no real payment involved except the fruits of our labor to maintain the system.
It has nothing to do with making money, they have unlimited fiat credit. It 's done in order to arrange the world as they see fit. SOCIALISM get it!

[Luc Furr]

Actually the US government was declared bankrupt March 9th 1933, the system the CITI erected went under in 2008 but has been held aloft by #'s they call credit and our stupidity to get in a situation to where we tote the line of this system to stay alive. We are just swapping I o U's back and forth to be paid back plus interest to the credit monopoly with no real payment involved except the fruits of our labor to maintain the system.
It has nothing to do with making money, they have unlimited fiat credit. It 's done in order to arrange the world as they see fit. SOCIALISM get it!

Might want to take a look a what socialism is Moretorque.

[Moretorque]

Luc Fur please enlighten me.

[C.J.]

I've never believed that the dollar itself was dead. The reality is that humans the world over are getting dumber. We live in an era of economic miracles - just about anyone can get rich if they exploit the dumb human well enough.

[Moretorque]

That's not true anymore CJ, there are no more real markets. The socialist have seized control of pretty much most all major markets world wide. We are in the process right now of seeing if they can hold on to them. If this Zionist house of cards collapses to the ground here in America it could very well kill most of us which would be a good thing as far as the ECO being able to bounce back.

[Moretorque]

Actually the US government was declared bankrupt March 9th 1933, the system the CITI erected went under in 2008 but has been held aloft by #'s they call credit and our stupidity to get in a situation to where we tote the line of this system to stay alive. We are just swapping I o U's back and forth to be paid back plus interest to the credit monopoly with no real payment involved except the fruits of our labor to maintain the system.
It has nothing to do with making money, they have unlimited fiat credit. It 's done in order to arrange the world as they see fit. SOCIALISM get it!

Might want to take a look a what socialism is Moretorque.

I'm waiting ?

[Jester]

This totally misses the point. The current gold price is the price for paper gold. Physical gold is sold at the same price as paper gold, but this is done to maintain the illusion that paper gold and physical gold are the same thing. Eventually this will break down.

The way to think about this is that paper gold is a paper currency that is supposed to be backed by physical gold. In this sense, paper gold is very much like national paper currencies were about 200 years ago. What happened to these currencies is that fractional banking would make amount of perceived currency exceed the gold that backed it, and periodically there would be runs on the bank. Exactly the same thing will happen in the precious metals markets eventually because the amount of paper gold and silver greatly exceeds the physical metals. Since banks can freely print paper gold, there is naturally inflation in this currency and the value drops. This is why the price of gold and silver have been dropping. But I think it is now close to breaking point. When it breaks, paper gold and silver will go to zero and the physical metals will shoot up. But until this happens, precious metal (paper) prices will remain low.

+1

great big-picture summary of what is going on. Thanks.

This must be why Chinese people are buying PHYSICAL gold.

[Jester]

The price of gold is also fixed every day by the banks. They do this to prevent arbitrage and it is why the price of gold goes down when the dollar goes up.

https://www.goldfixing.com/how-is-price-fixed/

The price of gold can also be manipulated by hording and dehording because it doesn't have any inherent value. I would buy land or cattle before I would buy gold.

That's not bad advice. George Bush bought 100,000 acres in Paraguay. Movie director James Cameron bought land in New Zealand. They know when its time to leave.

http://thethinkering.com/articles/2013/ ... t-paraguay

http://www.stuff.co.nz/business/farming ... properties

Other elite "visionaries":

Tompkins
http://content.time.com/time/world/arti ... 21,00.html
http://www.spiegel.de/international/spi ... 79264.html

Turner
http://www.tedturner.com/turner-ranches ... argentina/
http://www.tedturner.com/turner-ranches ... primavera/
http://www.tedturner.com/turner-ranches ... argentina/

[publicduende]

The US dollar and its oil surrogate, the Petrodollar, are the vehicles by which the US government puppeteers can export most of their risk and debt onto other sovereign countries and their economies. They have been doing this since the end of WW2 and surely since Kissinger masterminded the use of the Dollar to settle oil trades and locked your country into a deadly embrace with the Saudis.

Nothing else matters than this simple fact now, if it ever mattered before.

Taco might sound a conspiracy nutter, although nowadays even the best traders and analysts have started to pay attention when ZeroHedge's Tyler speaks. Yet his prediction is fundamentally right, in that it predicts an endgame, not its timing, or velocity, or depth.

This house of cards will collapse within most HA members' lifetime. How soon, how quickly and how dramatically, it's difficult to say, simply because - exactly as he states - TPTB will only allow it to happen on their own terms, and oppose whoever tries to turn the game in their favour, or even alter a single variable of that path.