[evilgenius]

Gold!

[Don35]

Then we default back to the gold standard. Can you say gold at $2000/ounce? Would be funny.

[lutherquick]

I'm sure Washington DC will try using bed time stories, fair tales, delusions, halluncination and other Bush "bright ideas".

This is the end of the dollar...

We see the Euro was being the replacement, yet it's China that hold's so much US debt... Then we see oil and gold spike, permently... inflation is skyrocketing when denominated in almost any currency EXCEPT not so strong in oil nation currecnies...

Bottom line, the dollar is worthless, but there is a delay in the market in reflecting this.

If you have oil, then you are rich, period... And if you are smart, you take those riches and build an advanced society, taking part to beef up your security because the nut cases in DC will be eying you, pumping NGO money (what little they have), you know? for democracy...

I would say Russia is in the best shape, because she has energy and she has a mission and place to put that wealth (into her economy for deversiviaction)... Saudi Arabia, what are they going to do with that wealth? Build more Mosques and loan it back to America, what a waste...


Anyway... Putin looks at his passport and realises, wow, I'm Russian, I will do what best for Russia...

And Cheney can scew off, maybe Cheney's next heart attack will give him peace.

[Euric]

$this->bbcode_second_pass_quote('lutherquick', 'I')'m sure Washington DC will try using bed time stories, fair tales, delusions, halluncination and other Bush "bright ideas".

This is the end of the dollar...

We see the Euro was being the replacement, yet it's China that hold's so much US debt... Then we see oil and gold spike, permently... inflation is skyrocketing when denominated in almost any currency EXCEPT not so strong in oil nation currecnies...

Bottom line, the dollar is worthless, but there is a delay in the market in reflecting this.

If you have oil, then you are rich, period... And if you are smart, you take those riches and build an advanced society, taking part to beef up your security because the nut cases in DC will be eying you, pumping NGO money (what little they have), you know? for democracy...

I would say Russia is in the best shape, because she has energy and she has a mission and place to put that wealth (into her economy for deversiviaction)... Saudi Arabia, what are they going to do with that wealth? Build more Mosques and loan it back to America, what a waste...


Anyway... Putin looks at his passport and realises, wow, I'm Russian, I will do what best for Russia...

And Cheney can scew off, maybe Cheney's next heart attack will give him peace.

[JohnnyReb]

The dollar will be worth the same as it was 4-6-8 months ago when there was all the shouting on this forum about the Irianian oil bourse in Euros, and alot of people were claiming the US dollar was going to collapse, there was going to be a depression that would make 1929 look like a walk in the park, starving people all over the world, collapse of western civilization, flesh eating zombies stalking the streets, etc.

The Iranians are still selling their oil in dollars, even when they are saying we are going to invade/nuke them, and they are rattling their sabres. Russia will do the same.

Bottom line, it didnt happen then, and it aint gonna happen this time. Just big talk from countries that desperately want US dollars.

If the US economy did actually collapse, the rest of the world would go down as hard or maybe even harder. It's not about one countries economy now, the whole world is tied together.

[mmasters]

Exactly, every country has mass stockpiles of foreign currencies to act as insurance policies against their own. The US dollar goes, the whole house of cards goes, a global market crash happens.

Although it would be slow to happen, the dollar's world reserves could be phased out for a new main reserve system of gold/metals/other hard assets.

[Doly]

$this->bbcode_second_pass_quote('mmasters', '
')Although it would be slow to happen, the dollar's world reserves could be phased out for a new main reserve system of gold/metals/other hard assets.

[MrBill]

$this->bbcode_second_pass_quote('Doly', '')$this->bbcode_second_pass_quote('mmasters', '
')Although it would be slow to happen, the dollar's world reserves could be phased out for a new main reserve system of gold/metals/other hard assets.

[aflurry]

$this->bbcode_second_pass_quote('Euric', 'O')nce Americans start having to give up even the smallest of comforts they will either start killing their neighbours en-masse or start jumping out windows.

[Don35]

And Cheney can scew off, maybe Cheney's next heart attack will give him peace.


That might give us and the rest of the world some peace too!

[Kingcoal]

What do you use to buy rubble denominated oil? Nothing, you don't buy it. As long as no one else buys it, you don't have a problem. Of course if things get to the point when you really need it, you have no choice but to acquire rubbles. Does Russia need grain? We have a lot of that. Maybe a couple hundred tons of Mc Donald’s hamburgers?

[Scactha]

That the IOB didn´t lift wasn´t a suprise as they have announced the start of that before and it didn´t happen.

Another thing is that no one is indeed interested in crashing the US because that would bring themselves down. Just as the US doesn´t want everyone bying it´s bonds to crash. What everyone else IS doing is to slowly bleed the US dry. Thus all these little stories like the IOB, national banks converting reserves away from the Dollar, the russian oil bourse, nationalising oil companies etc.

There´s a big theory that the US huge economy exists thanks to the world giving it an alimony, which of course has benefitted itself too, and now the world seem to have tired of it and is on its way to rebalance it to normal.

It´s quite simple, no huge Warzawpact threat or nazis or devastated post-war economy and we don´t need that huge watchdog. You can wage war in many ways and the world seems to be quietly but relentlessly starve the dog into submission.

[grabby]

All very good guesses and it may go many ways, but you must remember Occam's razor.
It probably will happen the simplest easiest way. TPTB have ALREADY chosen the dollar to rule the world, but it is fading out now. ... removed stuff we don't need to talk about...

Russia cannot break TPTB system just because they have some oil. In fact soon if they want to sell or buy thier oil they will soon have to give up the ruble. ... But ruskies are rich, and therefore special in energy. They will be a good slave. They did get a free energy ticket and they will be invited to join the new thing FIRST. You think they will join up? Is a fish waterproof? yes you bet. What will they call the new money? Certainly not the ruble. There is no choice for them soon. They must join.
Don't worry the dollar may die but the phoenix will rise, and it is not the ruble. something else.

[cube]

For you Star Trek freaks

One hundred slips of gold-pressed latinum are equal to one strip.

Twenty strips are equal to one bar of latinum.

The exchange rate from bricks to bars is unknown.

[grabby]

Oh, I am sorry, I forgot the most important part.

GET OUT
OF DEBT
NOW!.
If you can't get out of debt, then SELL WHILE YOU CAN and get something paid off.
This is all that counts at this time ffor you. If you were suckered into getting a last minute loan, I'm sorry. You can still sell and even make a small profit if you do it before the collapse.
get something you can afford or rent for now. Soon housing will be real cheap.

[evilgenius]

Yeah, I said gold because I do think it will be one of the things. The dollar will still be around as we go forward, but as is for how long? Does anybody think that the Fed will go to 18% in order to protect the dollar? How much will the dollar be worth in real terms in say two years? In real terms meaning how much oil will it buy? How much gold? How many computers? How much grain?

This is a tough time for the Fed because there are inflationary and deflationary threads working their way through the world economy at the same time.

Has anyone considered what a re-evaluation of the Yuan would do to dollar buying power? The US must have a lot of Yuan. If that currency suddenly doubles then what happens to the value of the dollar? What happens to Wal-Mart?