it's not keeping me awake at night, but i do think the empire could crumble. such things have happened before. no guarantee it wont again.

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"The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread."

Exactly what - prey tell - will they do about it?

- Peter.

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2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S

Personal financial history matters little in relation to the quotes posted. The quotes are spot on back then and today, the only difference is the dimension of fraud, but even that is relative in proportion to the population.

The current course is a one way direction. It has become a "band aid" economy, with multiple of band aids every single day on every possible hole in the pot. Holes keep popping open constantly. It is near impossible to continue or sustain this way forever. Nothing is forever anyways. What is required for recovery, is a complete change of systems, such as suggested by people like Ron Paul.

For anyone to deny the "real feel" of the pressure being on, is either insane or completely ignorant.

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It doesn't keep me awake either. I cherish my sleep, plus I am too small of a fish in this pond anyways.

It is not "could", it will crumble. It's a natural development in the course of greed. As a matter of fact, it's rather obvious that the crumbling is well in progress.

I agree with "unchecked" in the sense of "not getting pulled into the abyss" by an other participant.

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The joke about this theory is the fact that if the Dollar collapses, the US gets hit first and hardest, like rubble and ashes. The rebirth will be long and painful. Then again, maybe not so painful after all. Any other participating country can do damage control on their own.

But the motivation of greed may just keep it going (although I doubt it), not basic economics.

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well, you're dead on about the greed. and i don't think that there will be a sudden outbreak of benevolence.

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"The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread."

Of course, anything can happen, but these domesday scenarios are very silly. The collapse of the dollar would have worldwide implications, starting with china and the entire world energy market. That isn't something that is about to happen overnight. The US economy is currently at more risk from deflation than inflation (see japan). It's difficult to imagine a scenario that would take it from it's current condition to high inflation. What do these guys want the fed to do, ignore the current conditions, reduce the money supply, and drive up interest rates?

I assume that this nonsense is a response to the fed putting some cash into circulation, maybe they should all go buy gold at $1400 and see how that works over the long term (talk about bubbles).

Besides, in the type of scenario these folks are imagining (complete worldwide economic collapse), the value of my dollars would be be the least of my worries. This is nothing but fear mongering, and if you look behind it you will usually find someone trying to sell something.

It has nothing to do with benevolence; if you were china and you were holding a butt-load of dollars, what would you do? This give a whole new meaning to "too big to fail."

You still havent answered the question as to exactly what they would, in fact, do?

- Peter.

__________________
2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S

Mostly, they would hold the dollars that they have instead of trying to dump them on the market. Hopefully, they (and others) would start buying dollars if the price began to drop. This would stabilize the value and protect their investment. I just don't see how the dollar could free-fall without everyone on the plant deciding to simply write off all their investments. This isn't 1930, the US economy does not operate in a vacuum.

oh, i wasn't referring to china. greed is the american way, now.

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"The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread."

True, but they're learning fast.

Dont know what the fuss is all about.
I wish I had borrowed $US 1M back a while ago when the $A was worth about 50c US.
Interest rates here have been between 6 & 7% every place. I have had $A 200K in my Biz account for the last couple of years at 7%.
$US 1M brought over here Would have started at $A2 M, earned $A 150K per year interest & now could transfer 1/2 it back as the exchange rate is now $US 1.02 = $A1. About a $US1.05 M profit allowing for interest charges. Easy money!!
Exchange rates fluctuate all the time.
You cant blame your banks for not lending in the USA when they can double their money other places.

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Grumpy Old Diesel Owners Club group

I no longer question authority, I annoy authority. More effect, less effort....

1967 230-6 auto parts car. rust bucket.
1980 300D now parts car 800k miles
1984 300D 500k miles
1987 250td 160k miles English import
2001 jeep turbo diesel 130k miles
1998 jeep tdi ~ followed me home. Needs a turbo.
1968 Ford F750 truck. 6-354 diesel conversion.
Other toys ~J.D.,Cat & GM ~ mainly earth moving

What is silly is, to think of it as a "domesday scenario". The collapse of a system would only result in the birth of a new system.

Here is where you fail to understand the subject:

It's not about the US as a Superpower, or China as such. It is about us as a population of individuals and the depriviation of real prosperity.

The FED is putting cash into circulation ever since it's creation per federal reserve act, with that manipulating economies throughout time and (more recently) global boundaries.

The FED's actual advantage is the fact, they are the inital creation of such a sytems, being the carot in the string in front of your ( and everybody elses) nose, kind of a thing and China recently opening up the gates for international investments. They are giving su what we (believe) we need, cheaper than cheap. This is how they complement eachother. At the moment.

Once they stop complementing each other and begin to oppose each other the Dollar will be utterly irrelevant.

The same way why we are being deprived of the choice to run our vehicles on CNG from domestic resources, because the OPEC would dump the Dollar in a heartbeat if we wouldn't buy their oil anymore in such volumes.

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China is operating on the same premises. The common interest of greed keeps the ship afloat. At the moment.

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