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The inevitable collapse of the dollar

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Euro/Dollar Rate: http://finance.yahoo.com/curre... current account deficit: http://en.wikipedia.org/wiki/L... are living beyond their means and Asia is currently financing that. But eventually the Asians/Europeans will stop financing the USA and then the bubble will burst. Also check out the 1-minute video which I'm responding to for a quick explanation

Channel: News & Politics
Uploaded: September 14, 2007 at 1:27 pm
Author: GHoeberX

Length: 07:06
Rating: 4.89
Views: 255148

Tags: Collapse  Crash  Crisis  Currency  Dollar  Economic  Economy  Euro  Financial  Market  Recession  US  

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Video Comments

fuzzywzhe (August 20, 2008 at 9:51 pm)
> Weve been in serious debt for a long time, but> blaming future presidents is ridiculous. What do you think I'm "blaming" anybody for?I'm simply doubtful that the US federal government will be able to confiscate gold again.Bush is the worst president in my lifetime, and I remember Nixon. However, Obama and McCain are no better. Do you know how they voted on the patriot act, and the military commissions act? I do.
iscream22 (August 20, 2008 at 4:31 pm)
Weve been in serious debt for a long time, but blaming future presidents is ridiculous. If anyone is to blame its Bush, about3,000,000,000,000 (3 trillion dollars) is the cost of the Iraq War to our economy. And ENOUGH with saying Barack Hussein Obama, the only people who say that are fox news viewers. Do you hear anyone saying John Sidney McCain?
fuzzywzhe (August 20, 2008 at 12:45 pm)
> Sounds risky to me, not cautious.When it seems cautious to you, it will be risky by then.> Since stock has done so much better over> meaningful time periods? 500 word limit, don't care to explain it anyhow.> How does this work? So you have a huge %> just parked in dollars? I thought dollars> were bad.They are bad, currently.I'm not trying to make money, I'm trying to preserve it.
jwhat01 (August 20, 2008 at 11:58 am)
Sounds risky to me, not cautious. If you are so young shouldnt you be putting orders in for stock, rather than gold to beat inflation?? Since stock has done so much better over meaningful time periods? Last time gold spiked like this it took 27 years to get even.How does this work? So you have a huge % just parked in dollars? I thought dollars were bad. When your gold orders execute, where do you get the funds to pay for all that gold? Do you sell stocks while they are down to pay?
fuzzywzhe (August 20, 2008 at 11:08 am)
> Some think we are headed for another Great> Depression. What will you do when President> Barrack Hussein Obama seizes all your gold> holdings like FDR did in 1933?IN 1933 the Federal government was weak and had little power and people trusted it to make things better. They all assumed they would be able to get their gold back once the "emergency" was over.Things are different today. Nobody trusts the government, especial federal.Besides, it's just a barbarous relic - right?
fuzzywzhe (August 20, 2008 at 11:03 am)
> Man it looks like you are putting alot into> gold! Is that a huge percentage of your> total holdings? Where do you have all that> money parked while you wait to buy gold at> those prices? Are you sitting on dollars> waiting to buy gold if it ever goes down?> That would be ALOT of dollars!It seems like a lot when you're young.I also own COKE, PFE, AMD and I even did a speculative play in ABK which I'm out of since it doubled at my buy price.I am a cautious investor.
fuzzywzhe (August 20, 2008 at 10:46 am)
> listen captain, then don't waste my time by> emailing me about what i write. hows that?> btw, just trying to educate the masses.Educating?You don't have a clue what you're talking about. You're a moron making up history and calling it education. You have to know to teach.The reason the US dollar became the world's reserve currency is that it was the last currency to be convertible to gold. That's a very well documented fact.
ddviolinist (August 20, 2008 at 8:48 am)
Then don't. No one is twisting your arm. Jeez.
ygun21 (August 19, 2008 at 11:39 pm)
listen captain, then don't waste my time by emailing me about what i write. hows that? btw, just trying to educate the masses.
1418WP (August 19, 2008 at 3:50 am)
RACE WAR


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