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Asante
Mage


Registered: 02/06/02
Posts: 86,796
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The Day The Dollar Dies?
#21913796 - 07/08/15 07:50 AM (8 years, 6 months ago) |
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The Day The Dollar Dies.. what is it going to be like?
Investors be like:
Rastafarians be like:
Light a joint, grab a beer, get a coffee or tea and let's imagine for a second that the international monetary system will seize up beyond immediate repair, in the near future.
Where do you stand with this hypothetical scenario?
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fapjack
Title



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Re: The Day The Dollar Dies? [Re: Asante] 2
#21913886 - 07/08/15 08:20 AM (8 years, 6 months ago) |
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Why is your name green?
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Asante
Mage


Registered: 02/06/02
Posts: 86,796
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Re: The Day The Dollar Dies? [Re: Asante] 1
#21913896 - 07/08/15 08:23 AM (8 years, 6 months ago) |
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Its been red for so long, green felt better. Its not mod green though, I'm still an admin.
EDIT: Now its pink see? Gotta love the site features
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Edited by Asante (07/08/15 08:27 AM)
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Patlal
You ask too many questions



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Re: The Day The Dollar Dies? [Re: Asante]
#21913908 - 07/08/15 08:26 AM (8 years, 6 months ago) |
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Why doe everybody think the Dollar will collapse?
It's backed by hundreds of million working people...
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Asante
Mage


Registered: 02/06/02
Posts: 86,796
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Re: The Day The Dollar Dies? [Re: Patlal]
#21913917 - 07/08/15 08:29 AM (8 years, 6 months ago) |
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The dollar is backed by being the worlds reserve currency and the world is having second thoughts about that.
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Lived_1978-2043
Stranger

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Re: The Day The Dollar Dies? [Re: Asante]
#21913932 - 07/08/15 08:33 AM (8 years, 6 months ago) |
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I figure bartering would come into common practice.
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fapjack
Title



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Re: The Day The Dollar Dies? [Re: Asante]
#21913937 - 07/08/15 08:34 AM (8 years, 6 months ago) |
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The Euro doesn't seem to be working out too well. Not to say the US dollar is the best option, but greed always seems to ruin most things finance related.
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theRealrollforever
I DID-DENT



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Re: The Day The Dollar Dies? [Re: fapjack] 1
#21913963 - 07/08/15 08:42 AM (8 years, 6 months ago) |
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Pokemon!
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sunshine said: The order has to be secret and no one is sure.
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Asante
Mage


Registered: 02/06/02
Posts: 86,796
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Re: The Day The Dollar Dies? [Re: fapjack]
#21913964 - 07/08/15 08:43 AM (8 years, 6 months ago) |
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The unification of Europe is based on the greed and aggression of our powers that be. Either the Euro trips the Dollar or the Dollar trips the Euro, but both are very wobbly. Most people don't realize just how bad it is. A considerable crisis could happen literally at any time.
Its good to have some wealth away from any currency (for instance in gold or silver) and to have at least a months supply of food and drink for the family, as well as candles and a stove etc so you won't sit in the dark if the gas en electric go down and you have to camp out in your own home.
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Asante
Mage


Registered: 02/06/02
Posts: 86,796
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Quote:
theRealrollforever said: Pokemon!
luvdisc
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fapjack
Title



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Re: The Day The Dollar Dies? [Re: Asante] 2
#21914031 - 07/08/15 09:02 AM (8 years, 6 months ago) |
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I still think ramen, bullets, and bibles are the best investments.
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Stonehenge
Alt Center


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Re: The Day The Dollar Dies? [Re: Asante] 1
#21914056 - 07/08/15 09:08 AM (8 years, 6 months ago) |
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It figures a user of the rapidly swooning euro would point fingers at the dollar. Or do you still use guilders?
The reason the dollar will never drop to zero or be rejected is because we have so many things you can buy with dollars. We have a country full of goods and we will ship them to you. For a price. People know that if they want a big night on the town and their country is a little backward about that, they can come to vegas, pick out the hookers they want, select their drug of choice, gamble, see the shows the sights etc. Or move here in a 20 acre estate with your own helipad, butlers, maids, Jacuzzis, and fleet of luxury cars. But it takes dollars to get the goodies.
Or maybe you want your private plane, yacht, ocean liner, or weapons? We sell mega loads of weapons, pick your tanks, aircraft, bombs, guns, radar, submarines, even satellites. Our leaders will even send troops to take care of your dirty work, just slip the required millions to the Clinton foundation and miraculously it happens.
No, the world is in no hurry to dump the dollar. The euro I can see taking a dive, actually its been diving and the dollar has been rising. Take that!
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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Asante
Mage


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Posts: 86,796
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Re: The Day The Dollar Dies? [Re: Stonehenge]
#21914167 - 07/08/15 09:38 AM (8 years, 6 months ago) |
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Quote:
Stonehenge said:

We are not enemies, competitors. You shouldnt think in those terms, if you do then the powers that be, win.
The Euro started out at tyhe same exchange rate 1:1 as the Dollar, and it has always remained above it at 1.1-1.5x as high.
But guess what? Both are falling. Sometimes the dollasr falls faster sometimes the euro falls faster. Wile E Coyote can tell you: every canyon has its bottom and you never land in the water.
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zappaisgod
horrid asshole


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Re: The Day The Dollar Dies? [Re: Asante]
#21914176 - 07/08/15 09:42 AM (8 years, 6 months ago) |
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Quote:
Asante said: The dollar is backed by being the worlds reserve currency and the world is having second thoughts about that.
That is irrelevant to the strength of the dollar. You have it exactly backwards. It is the world's resere currency because it is strong. It is not strong because it is the world's reserve currency. Say, how's that Euro thing working out? Bwahahahaha.
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Asante
Mage


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Re: The Day The Dollar Dies? [Re: zappaisgod]
#21914231 - 07/08/15 09:54 AM (8 years, 6 months ago) |
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That was the old situation, the new situatrion is that its strong BECAUSE its propped up. Its nothing but fluff holding it up, fluff and well, the wars your government start against whichever small country wants out of the dollar.
We're both fucked.
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Prisoner#1
Even Dumber ThanAdvertized!


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Re: The Day The Dollar Dies? [Re: Asante]
#21914233 - 07/08/15 09:54 AM (8 years, 6 months ago) |
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Quote:
Asante said: The Day The Dollar Dies.. what is it going to be like?
Investors be like:
and it was all because the US insists on maintaining unsustainable social programs
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Prisoner#1
Even Dumber ThanAdvertized!


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Re: The Day The Dollar Dies? [Re: Asante]
#21914262 - 07/08/15 10:00 AM (8 years, 6 months ago) |
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Quote:
Asante said: The Euro started out at tyhe same exchange rate 1:1 as the Dollar, and it has always remained above it at 1.1-1.5x as high.
Quote:
Early growth Further information: International status and usage of the euro
After dropping to an interday low of $0.8296 on 26 October 2001, and a brief crash to $0.8115 on 15 January 2002, the euro soon recovered from its early slump. Its value last closed below $1.00 on 6 November 2002 ($0.9971), and increased rapidly from there. It peaked at $1.35 in 2004, and reached its highest value versus the U.S. dollar at $1.5916 on 14 July 2008.[32] As its values increased against the pound sterling in the late-2000s, peaking at 97.73p on 31 December 2008, its international usage grew rapidly.[33] The euro grew in importance steadily, with its share of foreign exchange reserves rising from nearly 18% in 1999 to 25% in 2003 - while the dollar share fell by an equivalent margin.[34] Alan Greenspan in 2007 said the eurozone had profited from the euro's rise and claimed it was perfectly conceivable that it could trade equally or become more important than the US dollar in the future.[35]
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Asante
Mage


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Posts: 86,796
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Re: The Day The Dollar Dies? [Re: Prisoner#1]
#21914274 - 07/08/15 10:02 AM (8 years, 6 months ago) |
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Thats their version but its not the whole story. It also has to do with the corporations selling out America and outsourcing every single thing they could possibly outsource - sack all their American workers and rip off Asians even harder so that their millions can multiply.
If Bill Gates is in a stadium full of homeless people, on average everybody in there is a millionaire. Still, almost no one derives any sort of benefit of that.
Your middle class is being destroyed! Not by the poor, by the RICH, one in eight people is on food stamps. Keep stomping those below you into the ground, there are plenty of people above you doing the same with you, and people above that doing the same with them.
The poor are getting poorer and the rich are getting richer.
The rich in their greed are grazing the field faster than it grows.
THAT is the problem.
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Prisoner#1
Even Dumber ThanAdvertized!


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Re: The Day The Dollar Dies? [Re: Asante] 1
#21914286 - 07/08/15 10:08 AM (8 years, 6 months ago) |
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Quote:
Asante said: Thats their version but its not the whole story. It also has to do with the corporations selling out America and outsourcing every single thing they could possibly outsource - sack all their American workers and rip off Asians even harder so that their millions can multiply.
ah... so the democrat policies of 'free trade' that opened the doors for large corporations to outsource manufacturing and allow cheap labor in to compete with higher paid skilled labor which keeps the rates of wages low
Quote:
Your middle class is being destroyed! Not by the poor, by the RICH The rich in their greed are grazing the field faster than it grows.
THAT is the problem.
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Asante
Mage


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Re: The Day The Dollar Dies? [Re: Prisoner#1]
#21914294 - 07/08/15 10:10 AM (8 years, 6 months ago) |
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You should start your own news network
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