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When the dollar crashes, setting off a spireling out of control chain of events, what

What will you say?

  • "Told you so. Our dependence on fossil fuels is unsustainable."

    Votes: 0 0.0%
  • "Told you so. The Federal Reserve completely destroyed the dollar."

    Votes: 5 25.0%
  • "Told you so. The government spent and spent our grandchildren's money."

    Votes: 7 35.0%
  • "Told you so. Should have taxed the rich more, Bush tax cuts killed us."

    Votes: 4 20.0%
  • "Told you so. The corporations have completely wrecked the economy."

    Votes: 3 15.0%
  • "Told you so. Union bosses have completely wrecked the economy."

    Votes: 4 20.0%
  • "Told you so. The New World Order is here to take away American sovereignty!"

    Votes: 2 10.0%
  • "Social Darwinism baby, let the strong survive."

    Votes: 1 5.0%
  • Other

    Votes: 7 35.0%
  • "Dah Bears."

    Votes: 2 10.0%

  • Total voters
    20

Canell

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

That is so disgusting, saw a show on Roman public bathrooms.

What do you think your 18c grandfather used, CNC brush? ;)

The Euro-zone doesn't have constant massive trade deficits.

Never mind, time will tell.
 

Matt Foley

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

Oh come on lefties, you're slacking off, what about #1 or #4 in the poll? Ainchu gonna vote for them? Poll results show them as answers sitting all by their lonesome.
 

samsmart

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

When foreigners star to panic and dump the dollar, the dollar crashes, setting off a spireling out of control chain of events, like gasoline being $8 a gallon, and low value compact cars costing $100,000, what are you going to say?

Foreigners won't start to panic and dump the dollar.

What will they use instead?

They can't use the Euro. Look at how much money had to be loaned to Greece from the IMF. This was the first time for quite some time that the IMF had to loan money to a developed nation. And the IMF may even have to loan to other Eurozone nations, such as Spain, Portugal, and Ireland.

There is even talk about splitting the Euro so there's one for the industrial economy of Northern Europe and one for the tourist economy of Southern Europe.

And they can't use Chinese currency. The government of the PRC manipulates their currency far too much for their own ends. The PRC doesn't inherently care about confidence of their currency. Rather, they care only about their own agendas, and will manipulate their currency to push forward that agenda for as long as it is their agenda.

So I don't know what all this talk about the collapse of the dollar is about. It's never going to happen, at least not any time soon.

And you haven't even told us what policies will lead to the collapse of the dollar either. It's easy to say the sky is falling when you don't have to provide proof of it.
 

samsmart

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

New Poll.

So, after the economy collapses, forcing more military cuts where only skeleton crews are left in Europe, Korea, etc; and China then invades Taiwan by using several super-sized container ships with 200,000 soldiers packed in as sardines on a one way trip, the battle is over in one week, what will you say?

1 "Told you so. Our dependence on fossil fuels is unsustainable."
2 "Told you so. The Federal Reserve completely destroyed the dollar."
3 "Told you so. The government spent and spent our grandchildren's money."
4 "Told you so. Should have taxed the rich more, Bush tax cuts killed us."
5 "Told you so. The corporations have completely wrecked the economy."
6 "Told you so. Union bosses have completely wrecked the economy."
7 "Told you so. The New World Order is here to take away American sovereignty!"
8 "Social Darwinism baby, let the strong survive."
9 Other
10 "Dah Bears."

Wow. Yet another post you've made illustrating your ignorance of international affairs by showing yet again another scenario that will never happen.

Even if the U.S. draws down its bases in Europe the U.S. will still maintain a strong naval force, even if it gets cut. So, most likely, the Army will face the most cuts and possibly the Marine Corps after them. Which means that we will still have enough of a naval and air force to act as a deterrent to prevent the PRC from invading the ROC.

Especially when the PRC has handcuffed itself from pursuing foreign military adventures because of its authoritarian nature. Most of the military conflicts the PRC has been involved in has been land-based warfare and only against nations on its border. It does not have the power projection of other great nations. So what this means is that the PRC is really great at taking territory near it and for defending itself but is extremely ill-equipped for military missions elsewhere.

The reason for this is because the PRC's authoritarian nature requires it to use so many people for internal security than foreign power projection. Basically, the PRC is occupying its own country with its soldiers to maintain its hold as a one-party system. It uses its own troops to quell dissent.

So the PRC is in a bind. They can either institute more democratic political reforms in order to free up their security manpower to be used for power projection or they can maintain their authoritarian political system and lack the ability to project their military power but they can't do both.

What's the point in conquering Taiwan if it means they'll have fewer troops to push down the uprising from students and laborers that's bubbling under the surface right now?

So thanks for proposing another incredibly unlikely scenario.
 

OnWisconsin

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

What would stop us from dropping the dollar altogether and starting up.. lets say... the Amero?
 

OhIsee.Then

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

What would stop us from dropping the dollar altogether and starting up.. lets say... the Amero?
Yea, we could get it done in two days.
 

Matt Foley

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

What's the point in conquering Taiwan if it means they'll have fewer troops to push down the uprising from students and laborers that's bubbling under the surface right now?

Wow. Yet another post you've made illustrating your ignorance of pretty much everything.

It don't take very many troops to "push down the uprising of students", which doesn't exist.
 

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

Wow. Yet another post you've made illustrating your ignorance of pretty much everything.

It don't take very many troops to "push down the uprising of students", which doesn't exist.

You mean like all the micro-bloggers that have been talking about the corruption of the PRC government so much that the CCP had to shut down internet access and now the Chinese people have to talk about such things in code?
 

rocket88

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

Bearssss.

Ditka will save us.
 

Teh Internets

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

"Once again the conservative, sandwich heavy portfolio pays off for the hungry investor!"
 

tacomancer

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

When foreigners star to panic and dump the dollar, the dollar crashes, setting off a spireling out of control chain of events, like gasoline being $8 a gallon, and low value compact cars costing $100,000, what are you going to say?

Oh ****, how will I get food and move my family to a better situation?
 

iliveonramen

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

If the dollar collapses that would mean the Euro would strengthen, replacing the dollar as world reserve currency. the Yuan won't be trustworthy cause China will just devalue their currency even more even if there's nothing to peg it to, or they'll just peg it to the Euro.
Of course...but it's not a perfect transition. 60% of all international trade uses the dollar. A collapse of the dollar would mean trillions in global wealth would dissapear for financial companies to international manufactoring companies to international retail companies etc. People will be trying to get rid of dollars as fast as possible and very few would be buying them. So that's a pretty steep drop in global wealth from the collapse and would wreck havoc.

Of course if the Euro strengthens, then the euro-zone trade deficit will skyrocket. Also, China exports to the US will start to accumulate on their docks cause Americans won't be able to buy them, so they'll dump it on Eurozone/Canada/Australia/1st world countries/etc, accelerating the Euro-zone trade deficit.

Once again...this doesn't happen in the short term. In the short term you have the consumer of 17% of total global trade face a collapse in their living standard unable to buy foreign goods. The American Financial sector which is tied to banks and companies all over the world would go bankrupt.

The housing bubble collapse is a little bump to the collapse of the Dollar.
 

Surtr

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

Oh ****, how will I get food and move my family to a better situation?

Oregon Trail 2020AD. Spoiler alert: someone dies of treatment resistant dysentery, and Timmy is bitten by a zombie.
 

Matt Foley

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

Of course...but it's not a perfect transition. 60% of all international trade uses the dollar. A collapse of the dollar would mean trillions in global wealth would dissapear for financial companies to international manufactoring companies to international retail companies etc.

No it wouldn't. Companies don't keep all their assets in dollar bills.

There is only several trillion actual dollars outside the US, divided amongsts 5 billion subjects, that's no big deal.
 
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lunchbox

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

tell us
what other currency are they going to use to place their assets in, and why that one?
Obama bucks! Because he's the coolest cat in Washington, baby!
 

Matt Foley

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

It don't take very many troops to "push down the uprising of students", which doesn't exist.

You mean like all the micro-bloggers that have been talking about the corruption of the PRC government so much that the CCP had to shut down internet access and now the Chinese people have to talk about such things in code?

Hey, I have an idea, talk about something that actually happens, or at the very least stay on topic.
 

iliveonramen

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

No it wouldn't. Companies don't keep all their assets in dollar bills.

There is only several trillion actual dollars outside the US, divided amongsts 5 billion subjects, that's no big deal.

It's not just about actual dollars. It's short term debt and securities that pay out in dollars.
 

Matt Foley

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

It's not just about actual dollars. It's short term debt and securities that pay out in dollars.

I can't imagine anything other than the actual cash being effected, you got an example?
 

iliveonramen

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

I can't imagine anything other than the actual cash being effected, you got an example?

Corporate Bonds...US T-Bills...commercial paper..trade credit..short term loans...

If a bank gives a short term loan that is to be paid back in dollars...when those dollars are less significantly less they lose. That's a gigantic market.

If you're a chinese manufacting company you probably have a line of credit with your customers (i.e Walmart) where they get goods now and pay you dollars later.

If you are a financial firm you probably own stock in companies like GE and Proctor in gamble that are pay dividends in dollars and are bought and sold on the NYSE in dollars.

Etc etc etc

Edit: Just to go further...once those foreign banks start getting their balance sheets destroyed by their business with American Companies they'll have to start liquidating and calling in IOU's from others to shore up their spreadsheets. So basically the same thing as the CDO crises times 1XXXX
 
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PW4000

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

The Data does not lie. The USD ran the weakest period since the early 1990's during the Bush 43 Administration. It then strengthened during the Obama Administration:
2146szp.jpg
It is the manipulation of the Money Supply that keeps most American Citizens in virtual Economic Slavery. Until you abolish the Federal Reserve, end Fractional Banking and requires that U.S. banks be allowed to lend no more than up to the limit of their current reserves on-hand, we will continue to riptide events against the U.S. Economy, such that the economically weak continue to get weaker, and the Minority Elite who control and manipulate the banking systems of the world, continue to get economically stronger. Your status as an Economic Slave is their goal. The only question on the table is: What are you going to do about it?
 

PW4000

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

Chart above is a Monthly EURUSD, going back from today through 1990.
 

Matt Foley

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

If you're a chinese manufacting company you probably have a line of credit with your customers (i.e Walmart) where they get goods now and pay you dollars later.

Doubt the "line of credit" will be much of a business practice once the dollar gets hairy, and it's not very long term.
 

Morality Games

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Re: When the dollar crashes, setting off a spireling out of control chain of events,

Where is my "American people took the backseat and let special interests run the republic into the ground," option?

Of the special interests listed, I blame corporations and the culture surrounding them the most ​for our country's problems, but I've got plenty of condemnation for everybody.
 
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