Project Prophecy: Fall of The US Dollar and Long Depression
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Thank goodness, there is finally somebody who can predict economic trends. Now we can all invest our money wisely, everybody will be assured of being a winner, and get a good night's sleep.
Not only is Saudi Arabia not pulling out of the Dollar, they're towing the line in the economic war against Russia.
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Thank goodness, there is finally somebody who can predict economic
trends.
In the video, he talks about picking stocks that will magnify the U.s dollar losing ground against the Euro.
Meanwhile, in the real world, the Euro is headed towards parity or perhaps even lower to the U.s Dollar after the ECB announced its massive bond buying program.
The Japanese Yen is headed down.
Russia picked a fight with the U.s international system. How's that working out for them? LOL. The ruble is at 68 to 1 and expected to go lower. S&P just removed the investment grade from their bonds, and they're burning through their reserves lol.
India is increasing its dollar holdings.
The power the U.s wields with the dollar is more powerful than nukes. Just ask Russia. Anyone who goes after the system, will be cut off from it.
It also makes no sense when he says that the Fed is insolvent and too leveraged to do anything. How the hell can a central bank...no fed no less...be insolvent. The entire idea doesn't even make sense.
Seeing as how all currencies float against the DOLLAR, and the programs the Japanese and Europeans just put out....The fed has HUGE leeway in what it could do with more QE.
Last edited by Thatsright19; 01-27-2015 at 05:03 AM..
Your extravagant Life-Style and excessively high Standard of Living is inextricably linked to your ability to compel, force or coerce global trade in US Dollars.
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your nice little chart shows why I want to start buying back our national debt.
If they don't want to play with our money they don't have too. But if we start buying it back it will become move valuable over time.
At the moment the dollar has been rising rapidly against world currencies for the last 6 months. Foreign investors are so eager to get into dollars that some bonds are actually selling at negative interest rates. Yeah, it's insane, but the USA has less problems than most of the world.
I watched this video a few hours ago and I don't know what to make of it. It's about the destruction (and replacement) of the dollar and fail of the federal reserve. I'm not savvy in these matters. If anyone has seen it, what do you make of it? You can ignore the recommendations part at the end. I'm more interested in the veracity of the prediction.
This video was published in October 2014. The value of the U.S. dollar has already gone up considerably since then. In fact, it has been going higher for many months now.
So, um, ah... nutcases abound?
Last edited by BigCityDreamer; 02-03-2015 at 08:40 AM..
This video was published in October 2014. The value of the U.S. dollar has already gone up considerably since then. In fact, it has been going higher for many months now.
Those seven worlds contain a world hows whys etc. Upping the minimum wage to expand our tax base and reduce entitlement spending. At the same time putting a freeze on none inflation adjusted spending. Also an enforced savings plan, with the savings going into banks.
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Originally Posted by Hoonose
Why would we want our debt to be more valuable than it already is?
Stability. If we are in a position to be buying back our debt then we are strong. Our apparent weakness is driving world instability. Keep our interest rates low on our debt.
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Originally Posted by Hoonose
What happens if we do get some inflation, and the Fed has to raise rates?
In our current situation a debt spiral.
Our debt is the world's money and if we have to raise rates, long term rates, then our deficit would spiral up. The result is printing money.
With 10% yield and 100% of GDP as government debt, the interest payment would be 10% of GDP. That would hurt. Upping taxes to cover the deficit would cause a recession.
It depends also on where the price of oil goes.
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