View Poll Results: When will the US Dollar Collpase?

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51. You may not vote on this poll
  • 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. #51
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    justabubba's Avatar
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by HumanBeing View Post
    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!"
    and you got this insight from a fortune cookie or a crystal ball?
    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

  2. #52
    Educator HumanBeing's Avatar
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by justabubba View Post
    and you got this insight from a fortune cookie or a crystal ball?
    Nope, history, ancient to modern. Last one I'm aware of was during the great depression when the US made private gold ownership illegal, stripping gold owners of roughly 40% of their wealth or forcing them to face imprisonment if they didn't comply. It kind of worked in the very short term, it greatly increased the value of the dollar, but at the expense of people who had worked hard and saved hard and been smart enough not to keep all their wealth tied up in bits of worthless paper.

    Interestingly, they opted not to legalize gold ownership again until some four decades later. Clearly they milked their monopolization of precious metal ownership for all they could, again, at the expense of those who had been more responsible with their wealth to begin with.

    It should not be the place of government to tell you what kind of metal you can or can't own. It is fiscal oppression.
    Last edited by HumanBeing; 05-27-13 at 04:40 AM.
    If you hate capitalism so much, then just write everything in lower case. Problem solved.

  3. #53
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    yobarnacle's Avatar
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by justabubba View Post
    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
    You aren't trying to read my posts. You are TRYING to pick a fight. It's ok pal. Go take your meds and calm down.
    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. #54
    Educator HumanBeing's Avatar
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by yobarnacle View Post
    You aren't trying to read my posts. You are TRYING to pick a fight. It's ok pal. Go take your meds and calm down.
    Don't worry dude. The other guy simply doesn't understand that if you traded all your dollars for gold, the first thing that would happen in an economic meltdown is that the government would force you to trade all your gold for its worthless paper at massively unfair arbitrary rates. Maybe if you lend him a history book he might get the concept after a while.
    If you hate capitalism so much, then just write everything in lower case. Problem solved.

  5. #55
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by yobarnacle View Post
    You aren't trying to read my posts. You are TRYING to pick a fight. It's ok pal. Go take your meds
    and calm down.
    i read your posts
    and have found that your actions are inconsistent with your stated beliefs
    you would want to be paid in gold yet you refuse to exchange your dollars received in wages for gold
    you 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

  6. #56
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by justabubba View Post
    i read your posts
    and have found that your actions are inconsistent with your stated beliefs
    you would want to be paid in gold yet you refuse to exchange your dollars received in wages for gold
    you say one thing and do another
    Do you know what REAL wealth is?
    do you know what fiat money is?
    Do you know what real estate is?

    anxious for your affirmations.
    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!

  7. #57
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by yobarnacle View Post
    Do you know what REAL wealth is?
    do you know what fiat money is?
    Do you know what real estate is?

    anxious for your affirmations.
    fortunately, i know what bull **** is
    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. #58
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by justabubba View Post
    fortunately, i know what bull **** is
    I'll let you be the expert on BS.
    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!

  9. #59
    Educator HumanBeing's Avatar
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by justabubba View Post
    fortunately, i know what bull **** is
    You didn't respond to my point. Last time people traded all their dollars for gold, the government forced them to trade it back at a 40% loss or face imprisonment. Knowing that, why would anyone in their right mind think that buying up gold prior to a dollar collapse would be a good idea? Even if they prefer gold, the government will just take it back by force if their worthless paper gets called out for the nonsense it truly is.

    You said that there is nothing stopping people from just turning their dollars into gold, and I'm giving you a very legitimate example of something that is stopping people.

    You don't seem to understand how government manipulation affects supposedly free markets.
    If you hate capitalism so much, then just write everything in lower case. Problem solved.

  10. #60
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    Re: When will the Dollar Collpapse ?

    I think Justabubba was bored and trolling, and got discouraged when neither of us would insult him.
    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!

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