[eastbay]

$this->bbcode_second_pass_quote('Carlhole', '
')Gold is responding to the same pressures it has always responded to for the past few years. It didn't rise today solely on fears of the dollar losing its reserve-currency status. The thing about the dollar is that EVERYONE owns too much of them. It would not be in ANYONE'S interest for the move away from the dollar to be anything but a slow adjustment over a prolonged period of time.

But I have no doubt that the dollar will eventually lose its reserve currency status, simply because America no longer enjoys the world-dominating economics that it once held. This is an inevitable thing.

[patience]

Geodesic said:
"Put your money where your mouth is."

Done that. Deep into self reliance, preps, some silver, money in rural real estate, family on board, etc. Last year, I started hedging for imports going up, notably consumer goods. We went through everything we own and decided if it needed replaced, and if it was imported, we bought more. We produce a significant % of our own food, electricity, home heating, and have a machine/sheet metal/welding fabrication/woodworking shop. I do leather work and my wife does sewing, canning/food preservation and is a nurse. My daughter does shop work and is a chemistry major and herbalist. Son in law is a chiropractor/nutritionist. Another son in law is a metalworker and has a forestry degree. He and the older daughter live on a 32 acre off-grid homestead close to us. Now setting up to work their homestead with horses.

My money IS where my mouth is. All of it.

[Plantagenet]

$this->bbcode_second_pass_quote('Maddog78', '')$this->bbcode_second_pass_quote('eastbay', '
')
Darn tootin'. I dern near doubled it in assorted energy service stocks since early this year. If I had followed the 'experts' and went to cash I would have done like 1% too. US cash blows. Stay away from it.

[Carlhole]

Russia Today: "The Dollar Funds America's Wars"

I think you have to register (free) to see this story... and it's sort of frustrating that the feed is so slow. Download it. It will take about 15 minutes.

It's an interview with an American investment guy, Max Kaiser, about this dollar story.

[oswald622]

$this->bbcode_second_pass_quote('Carlhole', '
')The thing about the dollar is that EVERYONE owns too much of them.

[basil_hayden]

Americans can't switch to the metric system in over 30 years, yet the article expects Americans to move to a new currency in 9 years? Fat chance.

It will still be called the dollar, and it will be even more worthless than it is now.


Arabs plotting to drop dollar - so they realized oil is worth more than a promise to pay for it?
Enlightening.

[mos6507]

$this->bbcode_second_pass_quote('basil_hayden', 'A')mericans can't switch to the metric system in over 30 years, yet the article expects Americans to move to a new currency in 9 years? Fat chance.

[americandream]

This makes absolutely no sense. Why would global capital plot to remove the pointman in the march towards an open, border free market. There is no one capable of taking on that role at the moment. China is completely dependant on American commercial, industrial and financial know how, Europe lacks the cohesion and creativity, the Arab world - well what can I say, an oil centric economy utterly dependant on a stable status quo. This is utter nonsense.

[emersonbiggins]

$this->bbcode_second_pass_quote('basil_hayden', 'A')mericans can't switch to the metric system in over 30 years, yet the article expects Americans to move to a new currency in 9 years? Fat chance.

It will still be called the dollar, and it will be even more worthless than it is now.


Arabs plotting to drop dollar - so they realized oil is worth more than a promise to pay for it?
Enlightening.

[Revi]

This could have something to do with the dollar's recent fall:

http://dailyreckoning.com/it%e2%80%99s- ... r-dollars/

The G-20 decided to let the dollar keep sliding at their most recent meeting.

[americandream]

Slide, not collapse..two quite different concepts.

$this->bbcode_second_pass_quote('Revi', 'T')his could have something to do with the dollar's recent fall:

http://dailyreckoning.com/it%e2%80%99s- ... r-dollars/

The G-20 decided to let the dollar keep sliding at their most recent meeting.

[copious.abundance]

Another rumor bites the dust.

>>> Gulf Officials Deny Plan to Replace Dollar <<<

[eastbay]

$this->bbcode_second_pass_quote('Revi', 'T')his could have something to do with the dollar's recent fall:

http://dailyreckoning.com/it%e2%80%99s- ... r-dollars/

The G-20 decided to let the dollar keep sliding at their most recent meeting.

[mos6507]

Look, everyone's waiting for the other shoe to drop. The situation is chaotic. The natives are getting restless over the dollar. That is clearly not tinfoil. Amero, well, that's tinfoil, IMHO. But it is in no way irrational to be concerned about the dollar. We don't know all the details how this is going to play out, but it's not going to be pretty whatever it is.

[emersonbiggins]

$this->bbcode_second_pass_quote('OilFinder2', 'A')nother rumor bites the dust.

>>> Gulf Officials Deny Plan to Replace Dollar <<<

[threadbear]

$this->bbcode_second_pass_quote('americandream', 'T')his makes absolutely no sense. Why would global capital plot to remove the pointman in the march towards an open, border free market. There is no one capable of taking on that role at the moment. China is completely dependant on American commercial, industrial and financial know how, Europe lacks the cohesion and creativity, the Arab world - well what can I say, an oil centric economy utterly dependant on a stable status quo. This is utter nonsense.

[americandream]

The ramifications of a dollar collapse all around the world are of the magnitude that unless the Chinese were planning on putting back the clock to Mao, the Russians, the resurrection of the USSR and the ME on swiftly reducing their worth to valueless, I can't see this happening. If anything, I suspect that they will work towards reviving the ailing American consumer as quickly as they can.

$this->bbcode_second_pass_quote('emersonbiggins', '')$this->bbcode_second_pass_quote('OilFinder2', 'A')nother rumor bites the dust.

>>> Gulf Officials Deny Plan to Replace Dollar <<<

[threadbear]

$this->bbcode_second_pass_quote('americandream', 'T')he ramifications of a dollar collapse all around the world are of the magnitude that unless the Chinese were planning on putting back the clock to Mao, the Russians, the resurrection of the USSR and the ME on swiftly reducing their worth to valueless, I can't see this happening. If anything, I suspect that they will work towards reviving the ailing American consumer as quickly as they can.

[americandream]

China is essentially a front for American corporations. You have to see it to believe it. Basically, your American business owning class have transferred shop, lock. stock and barrel to China. If China is sovereign, it is to the extent that the leadership co-operates in ensuring that the country is safe and stable for foreign investment. For that, comes vast wealth and the development of the country with foreign money. Consider that much of China's trade surplus is essentially America's surplus held within China by an American entity with a Chinese face.

China is still totally dependant on American (America is the largest Western investor by far) know how in capitalism. The Europeans would obviously like a bit of the action but America has a virtual monopoly on Chinese investment. I don't think the full story is capable of being grasped, labouring as many do under nationalistic notions but China Incorporated (the American Corporation in other words) needs Walmart US like a druggie needs his pusher.

Obviously countries such as Pakistan with some technical capability would like to have a similar arranemenbt with American business but China has the advantage of it command structure, no democracy, no religion and a highly literate population. This is all music to an investors ears. Investors care not a whit for whether you are American or Chinese.

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('americandream', 'T')his makes absolutely no sense. Why would global capital plot to remove the pointman in the march towards an open, border free market. There is no one capable of taking on that role at the moment. China is completely dependant on American commercial, industrial and financial know how, Europe lacks the cohesion and creativity, the Arab world - well what can I say, an oil centric economy utterly dependant on a stable status quo. This is utter nonsense.

[americandream]

I am of the view that the emerging global market is essentially deflationary cost wise and that America's inflationary policies will in essence be offset by imported deflation. Whats the bet had Bush been in office, all these woeful tales of inflation which I have yet to see, would have been a lot more silent.

Having said that, I suspect Obama was put in place to push through policies that would not have otherwise seen the light of day, under the guise of Keynesianism, given the teething problems that have arisen with the field testing of the credit market on the Americans.

America is nonethless being prepared for another long period of Republican rule after Obama has done his job, and even more market deregulation and employment casualisation, as is the rest of the world.

In the interim, the less informed will obviously top up on gold and other safe haven investments in preparation for doomsday which the prophesying of has itself become a boom industry.

$this->bbcode_second_pass_quote('threadbear', '')$this->bbcode_second_pass_quote('americandream', 'T')he ramifications of a dollar collapse all around the world are of the magnitude that unless the Chinese were planning on putting back the clock to Mao, the Russians, the resurrection of the USSR and the ME on swiftly reducing their worth to valueless, I can't see this happening. If anything, I suspect that they will work towards reviving the ailing American consumer as quickly as they can.