When will the dollar collapse?

Discussion in 'Opinion POLLS' started by What is free, Jan 2, 2012.

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When will the dollar collapse?

  1. 1-6 months

    0 vote(s)
    0.0%
  2. 6-12 months

    23.1%
  3. 1-2 years

    7.7%
  4. 2-4 years

    11.5%
  5. 4-10 years

    19.2%
  6. Not within my lifetime

    23.1%
  7. Never

    15.4%
  1. What is free

    What is free New Member

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    With the way our economy is headed, when do you think it will happen?
     
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  2. NotDependant

    NotDependant New Member

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    You're just paranoid if you think it will be anytime soon.
     
  3. Beevee

    Beevee Well-Known Member Past Donor

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    It would depend on how long the Fed continued to print dollars without any backing. Inflation would come first, then hyper inflation, then the wheelbarrow industry would have a giant upturn so that Americans could wheel their remaining dollars to the bakery for a loaf of bread.

    My guess is shortly after that.
     
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  4. waltky

    waltky Well-Known Member

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    Granny says it gonna happen on Dec.21st of this year.
    :omg:
     
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  5. What is free

    What is free New Member

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    And people were called paranoid when they predicted the economy in 2007...

    Lemme guess, people were also called paranoid before Rome's fall, the British Empire collapse, Soviet Union's fall etc.

    The facts point towards a collapse if we continue our trend.
     
  6. skeptic-f

    skeptic-f New Member

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    My belief has been for years now that the global need to believe the dollar is sound will prop it up (mostly - a slow downward trend is inevitable) until the baby boomers start to leave the work force in large numbers and demand increasing amounts of health care due to the numerous problems that can afflict seniors. At that point the economy will be stretched beyond safety and something will trigger a panic run on the American dollar that will trash both our economy and the global economy. My best guess - 2019 to 2020.
     
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  7. lynx

    lynx Well-Known Member

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    Actually, the baby boomers will create more health care jobs and once they leave their jobs, it will open up more positions for younger generations.
     
  8. NotDependant

    NotDependant New Member

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    A total dollar collaspe, yeah I have seen those video's that they advertise on the radio at 4am
     
  9. morfeo

    morfeo New Member

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    until there are 12 aircraft carriers to defence it, the dollar is safe.
     
  10. Brill Galt

    Brill Galt New Member

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    __Dollar Collapse, End Game, A Gordian Knot?__

    Short answer: when the U.S. government is faced with multiple "catch-22", impasse, "Kobayashi Maru" (for you Star Trek fans) scenarios

    -- inability to pay back debts: A.) without taking more money from people to where it severely damages the economy -- kills the Golden Goose
    OR B.) no lenders willing to take the risk without incredibly high interest returns (already happened as the Fed resorted to buying U.S. gov't debt bonds)
    OR C.) printing more money which inevitably results in massive inflation and dilutes dollar value compared to personal income growth
    OR D.) defaulting
    OR E.) Black Swan event ...unknown unknowns

    The End Game -- another person's view. http://www.scribd.com/doc/95493792/The-End-Game

    This (dollar collapse) is, of course, a Gordian Knot. When people have a false ethical or philosophical principle that initiating force is a universally good behavior, it inevitably results in their belief in those working on behalf of a fictional idea -- government -- to initiate force against individuals. You see, it is government GUNS by threat or activity that borrows, steals, wastes, extorts, imprisons etc. Every ridiculous law is backed by someone whose actions are, objectively, no different than a Mafia thug.

    The ONLY solution to prevent a financial collapse from happening again is for 10%* or more of the population to decouple themselves from supporting the current government and totally commit to the idea that government shall not initiate force against anyone for non-violent actions or inactions.

    * http://phys.org/news/2011-07-minority-scientists-ideas.html

    We can also switch to using something like Bitcoin...and the problem of monopolistic, violence-backed, currency will ...evaporate -- hopefully along with another monster that has lurked in the dark childhood closet of mankind for far far to long. All that is needed for evil to disappear is to gently shine a light on it.

    The greatest trick ever pulled was convincing you that government was necessary.

    Best Regards to all
     
  11. sunnyside

    sunnyside Well-Known Member

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    I think it depends a lot on how you define "collapse".

    I'm doubtful of the wheelbarrows of money scenario.

    However I think we're eventually going to see a revaluation of the dollar vs asian currencies that is going to make for a significant quality of life hit.

    Also I think we might match some of the historical highs for inflation and experience 10-20% inflation per year for a while.

    So if dropping to a third of its purchasing power over a span of five years is a "collapse" I think we'll see it within the next decade or so.
     
  12. BleedingHeadKen

    BleedingHeadKen Well-Known Member Past Donor

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    Hard to say. It will collapse, all fiat currencies do. How it will collapse, and what it will be replaced with is anyone's guess. There will be a demand from the economic central planners to fix the problems they created with more economic central planning. On the other side, there is a growing movement to restore free banking and free markets in money.

    What you should hope for is that the dollar collapses after the other major world currencies do, not before. Anyway, get ready for another round of QE to "save us" from damage caused by the evil, nasty greed of corporations.
     
  13. Ostap Bender

    Ostap Bender Well-Known Member

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    Like EURO Dollar will never collapse, otherwise the entirely World Economy will blow up.
     
  14. signcutter

    signcutter New Member

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    double post
     
  15. signcutter

    signcutter New Member

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    Agree here. Except on the amount of value lost. The U.S is already in the final steps of helping China to position itself and its currency as co-reserve status with the dollar. China has already been giving direct purchasing rights and access to the U.S Federal reserve when buying bonds and allowing The Peoples Bank of China to open up branches in the U.S
    .http://www.reuters.com/article/2012/05/21/us-usa-treasuries-china-idUSBRE84K11720120521

    One the reasons to this is to make cheaper for China to buy U.S debt at a cheaper rate by cutting out middlemen Wall Street banks.. another reason is to devalue the dollar but allow China first dibs on U.S debt since they are going to be the biggest purchaser. This will facilitate devaluing the dollar against the yuan making it possible to keep the U.S debt charade chugging along a few more years... in the end China will own a good portion of the U.S directly... from credit cards to home mortgages and auto loans.

    Everybody will be happy.. the multinationals...the banks.. the politicians... republicans... and democrats, dont fool yourself into thinking this a lefty or righty thing.. this is brainchild of both sides.

    In the end the dollar will have lost over half of its value and the american people set back to 1930's standard of living for the masses ( since alot of our standard of living is bought on debt anyway).

    Dont whine America.. by enthusiastically allowing yourselves to be duped, and manipulated... divided American against American along imaginary ideological divides you allowed this to happen. You assumed that this was only going to affect the "other guy".... all of us are the "other guy' the people orchestrating this have one side... and 99.8 % of Americans dont belong.
     
  16. _Lisa_

    _Lisa_ New Member

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    :) :)
     
  17. BleedingHeadKen

    BleedingHeadKen Well-Known Member Past Donor

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    The result would be disaster so it can't happen? That's a circular argument. Governments don't have some magic power to violate the laws of economics without suffering the consequences. No fiat currency in history has withstood the test of time, and the dollar and the Euro are no exceptions.
     
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  18. Ostap Bender

    Ostap Bender Well-Known Member

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    I can not see any alternative to both currencies. Or do you think Yuan, Zloty, Dansk Krone or probably Ruble will be fine?
     
  19. BleedingHeadKen

    BleedingHeadKen Well-Known Member Past Donor

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    They'll all go.

    Why do you believe that there must be an alternative in the form of some government's fiat paper?
     
  20. Troianii

    Troianii Well-Known Member Past Donor

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    It will collapse when Obama gets reelected. :)

    Just kidding. It probably won't collapse anytime soon. Fiscal responsibility isn't partisan, and it's sweeping in elections in this country. I trust that Romney will win and, with Ryan and other leaders, will tackle the budget. We need to reform the entitlement programs, and I believe that these guys are the ones to do it. It might just be wishful thinking, but who can blame me for wishing that politicians would balance the budget?
     
  21. freddy62

    freddy62 Well-Known Member Past Donor

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    Last time it happened was by default when Bill Clinton was president - The democrat administration did not want increased military spending & the republican controlled congress did not want increased spending on welfare.

    The US dollar is still the main international reserve currency & with the Euro in trouble attempts at propping up the US dollar will continue for some time yet.
     
  22. CoolWalker

    CoolWalker New Member

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    If Obama gets his way, it will happen this December.
     
  23. Brill Galt

    Brill Galt New Member

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    Around the same time the U.S. government faces these no-win scenarios, you will see these two things:

    A.) The Rats ALWAYS leave the sinking ship. Watch the elites' money and movement. They will be the first to put their liquid assets into other places. They may put THEMSELVES in better places.

    B.) Shields Up! Government WILL make it impossible or difficult for average Joe to exchange their currency into more stable ones. Look at what is happening in Argentina NOW. By this time, it will be too late for most. The Titanic is going down and all you can do is hang on to the poo deck like Jack and Rose.

    My advice in a nutshell: Make use of your time gathering tangible valuable assets -- Beans, Bullets, and Band Aids -- but do NOT spend so much time, effort, money, and space on prepping for a possible future that you lose out on living in the certain present. Moderation.
     
  24. raymondo

    raymondo Banned

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    The deal is agreed in principle .
    More countries ignore the $US each passing weak -- Hong Kong and Japan are the two obvious examples .
    it will , however , take years to implement .
    It is in no countries interest to see the $US "worthless" over night . But huge devaluation will occur post November and US people will live in a nightmare .
     
  25. raymondo

    raymondo Banned

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    It would be the same whatever the President's name .
    The money facts and the logic of the system allow no other possible narrative .
    It is a done deal .
     

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