View Poll Results: When will the US Dollar Collpase?

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  • Under a year?

    4 7.84%
  • 2-10 years

    14 27.45%
  • 10-25 years

    4 7.84%
  • Not in our life time but eventually

    14 27.45%
  • Never

    15 29.41%
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Thread: When will the Dollar Collapse ?

  1. #41
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by CanadaJohn View Post
    America may need stimulus in the form of spending on infrastructure that gets people working, money into the hands of people, and provides income to contractors and construction workers, etc. One time, one shot, focused spending that gives a tangible end product that benefits society. You do not need stimulus that keeps teachers working for a year but that states can't afford to keep paying going forward. You don't need stimulus that wastes untold millions and billions on pie in the sky green energy initiatives that have no market and cost the consumer far more than conventional energy sources. In other words, you don't need any of the pet projects of President Obama which means you won't have stimulus until Obama is gone.
    Nevermind the fact that Obama has successfully garnered funding for and continues to lobby for the measures you've prescribed despite stringent political opposition.
    Last edited by a351; 05-26-13 at 10:00 PM.

  2. #42
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by yobarnacle View Post
    Spending?
    Every newly printed dollar gets it's value by diluting the value of dollars already in circulation.

    If you have 20$ an hour salary and they keep printing money, your salary is soon worth 10$ per hour, but you get taxed at the $20 rate.

    Printing fiat money and over spending is government robbing the people.
    Grand Larceny on the GRANDEST scale!
    you say that and the fact is that people would prefer to have their assets in dollars
    which then tells us you are wrong in your assessment of the dollars' solidity
    were people getting 'robbed' they would not seek out the dollar as a safe haven
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  3. #43
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by justabubba View Post
    you say that and the fact is that people would prefer to have their assets in dollars
    which then tells us you are wrong in your assessment of the dollars' solidity
    were people getting 'robbed' they would not seek out the dollar as a safe haven
    You don't get to choose which currency your employer pays you with.
    in the USA, it's US greenbacks.

    if it were choice, I'd be paid in gold.
    If you live long enough, you will live in a foreign country, because the past is foreign to the present. We lived differently then. The only constant is change!

  4. #44
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by yobarnacle View Post
    You don't get to choose which currency your employer pays you with.

    in the USA, it's US greenbacks.

    if it were choice, I'd be paid in gold.
    not a thing in this world keeps you from converting those greenbacks into gold
    except you
    and that you refuse to follow the advice that you give
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  5. #45
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by justabubba View Post
    not a thing in this world keeps you from converting those greenbacks into gold
    except you
    and that you refuse to follow the advice that you give
    Rather obtuse.
    My rate of salary is in dollars. While I could convert to gold each paycheck, I'd receive less and less gold each time, as the dollar devalued, and my pay scale stayed locked to the dollar.

    now, if I could convince my boss I was worth half pound of gold per month, regardless of it's dollar cost, I'd go for it!
    If you live long enough, you will live in a foreign country, because the past is foreign to the present. We lived differently then. The only constant is change!

  6. #46
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    Re: When will the Dollar Collpapse ?

    For all those that are absolutely sure the dollar will continue to reign supreme, how many would invest in futures contracts that go long on the dollar over a long period? And vice versa, for those that think the dollar will collapse how many would actually invest in a short term short position?

  7. #47
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by yobarnacle View Post
    Rather obtuse.
    My rate of salary is in dollars. While I could convert to gold each paycheck, I'd receive less and less gold each time, as the dollar devalued, and my pay scale stayed locked to the dollar.

    now, if I could convince my boss I was worth half pound of gold per month, regardless of it's dollar cost, I'd go for it!
    so you are telling us that the dollar has better long term purchasing power than the equivalent amount of gold
    thank you for making my case
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  8. #48
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by justabubba View Post
    not a thing in this world keeps you from converting those greenbacks into gold
    except you
    and that you refuse to follow the advice that you give
    When the dollar begins to collapse, private ownership of gold will become illegal again. It's a standard futile attempt at state directed economic manipulation that has been repeated throughout history in many nations, including the US.

    "When people realize their metal is worth more than our paper, we'll just make a new law that says they have to trade their metal for our paper, and throw them in prison if they don't go along with it. That will solve everything!"
    If you hate capitalism so much, then just write everything in lower case. Problem solved.

  9. #49
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by justabubba View Post
    so you are telling us that the dollar has better long term purchasing power than the equivalent amount of gold
    thank you for making my case
    How in sam hell did you deduce that from ANYTHING I posted?
    I said the dollars would be worth less and less. Sabe?
    If you live long enough, you will live in a foreign country, because the past is foreign to the present. We lived differently then. The only constant is change!

  10. #50
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by yobarnacle View Post
    How in sam hell did you deduce that from ANYTHING I posted?
    I said the dollars would be worth less and less. Sabe?
    if that were true then you would buy gold with your dollars as a hedge
    but you insist you do not
    so, it appears you do not follow your own advice to hold gold instead of dollars
    there is an expression for those who say one thing and do another
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

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