Dollar Collapse Soon (buying, company, banks, corporation)
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A strong dollar makes imports cheaper, and most Americans are very dependent on cheap foreign goods. But those Americans out of work because of this aren't happy.
Actually about 99.9% of the population should be unhappy about it, because only the top 0.1% has done "well" (better than productivity gains or per capita GDP) over the last 40 years.
It's been a f'ing disaster. A "collapse" of the US$ (a lowering of it's exchange value) would be the best thing that could happen.
Of course 99.9% the people raving about the US$ collapse don't have a clue what they are talking about. I mean literally. They don't even know what the words mean.
Actually about 99.9% of the population should be unhappy about it, because only the top 0.1% has done "well" (better than productivity gains or per capita GDP) over the last 40 years.
It's been a f'ing disaster. A "collapse" of the US$ (a lowering of it's exchange value) would be the best thing that could happen.
Of course 99.9% the people raving about the US$ collapse don't have a clue what they are talking about. I mean literally. They don't even know what the words mean.
A stronger dollar means that many things are cheaper at Walmart. That is good for most consumers, not good if you are put out of a job because of cheaper imports.
It might not be this year, it might not be in 5 years but it's coming. 18+ trillion dollars in National Debt and counting cannot be repaid.
Of course it won't be paid off. Hasn't been since 1837. National debt isn't like personal debt where it all comes due and has to be paid off with money that you've saved, earned and/or stolen. National debt accumulates as a nation grows into perpetuity. Most all national debt is paid off in roll overs and through new money creation. I would bet all I own that our national debt will be higher in 10 and 100 years.
Should the dollar collapse in the next few months (yes, I know -- that's been the prediction every year since the 'recession' in 2008 but I think it's much more probable now), how do we prepare??
First, exchange the dollars for euros while dollars are worth so much more right now.
Then, book a flight and take a long European vacation--stay at great hotels--live it up.
If the dollar was actually going to collapse, it won't matter if you spend all of your funds immediately--they won't be worth anything anyhow.
Today is exactly two years from the date of the original post which created this thread. I would say, no, the dollar was not about to collapse "soon", nor is it now near collapse. So much nonsense, so much nonsense.
A stronger dollar means that many things are cheaper at Walmart. That is good for most consumers, not good if you are put out of a job because of cheaper imports.
You haven't closed the loop. If you look at stats for the last 40 years it's as obvious as anything could be that it's a net loser for consumers. The depression of wages has been far greater than the reduction in prices. When you look at real wages, the price of goods and services has already been accounted for.
It might not be this year, it might not be in 5 years but it's coming. 18+ trillion dollars in National Debt and counting cannot be repaid.
a) It doesn't need to be repaid.
b) We own the printing press and can't go bankrupt.
c) If we were anywhere near the point of crisis, the US$ would be weak, rather than incredibly strong.
Fiscal debt is the least of our worries. Also, some perspective. Nobody has been talking about Japan going bankrupt, and their fiscal debt is more than double ours.
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