View Poll Results: What will you say?

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

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

    6 25.00%
  • "Told you so. The government spent and spent our grandchildren's money."

    7 29.17%
  • "Told you so. Should have taxed the rich more, Bush tax cuts killed us."

    4 16.67%
  • "Told you so. The corporations have completely wrecked the economy."

    4 16.67%
  • "Told you so. Union bosses have completely wrecked the economy."

    4 16.67%
  • "Told you so. The New World Order is here to take away American sovereignty!"

    3 12.50%
  • "Social Darwinism baby, let the strong survive."

    1 4.17%
  • Other

    9 37.50%
  • "Dah Bears."

    3 12.50%
Multiple Choice Poll.
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Thread: When the dollar crashes, setting off a spireling out of control chain of events, what

  1. #41
    Death2Globalists Matt Foley's Avatar
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    Re: When the dollar crashes, setting off a spireling out of control chain of events,

    Quote Originally Posted by iliveonramen View Post
    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.
    Last edited by Matt Foley; 05-11-12 at 02:25 AM.

  2. #42
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    Re: When the dollar crashes, setting off a spireling out of control chain of events,

    Quote Originally Posted by justabubba View Post
    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!

  3. #43
    Death2Globalists Matt Foley's Avatar
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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.

    Quote Originally Posted by samsmart View Post
    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.

  4. #44
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    Re: When the dollar crashes, setting off a spireling out of control chain of events,

    Quote Originally Posted by Matt Foley View Post
    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.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  5. #45
    Death2Globalists Matt Foley's Avatar
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    Re: When the dollar crashes, setting off a spireling out of control chain of events,

    Quote Originally Posted by iliveonramen View Post
    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?

  6. #46
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    Re: When the dollar crashes, setting off a spireling out of control chain of events,

    Quote Originally Posted by Matt Foley View Post
    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
    Last edited by iliveonramen; 05-11-12 at 10:37 AM.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

  7. #47
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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: 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?

  8. #48
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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.

  9. #49
    Death2Globalists Matt Foley's Avatar
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    Re: When the dollar crashes, setting off a spireling out of control chain of events,

    Quote Originally Posted by iliveonramen View Post
    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.

  10. #50
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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.
    Last edited by Morality Games; 05-11-12 at 05:42 PM.
    If you notice something good in yourself, give credit to God, not to yourself, but be certain the evil you commit is always your own and yours to acknowledge.

    St. Benedict

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