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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: December 31, 1969 at 6:59 pm
Author: GHoeberX

Length: 07:06
Rating: 4.90
Views: 353693

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

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Video Comments

chris2fer43 (December 31, 1969 at 6:59 pm)
The derivatives market on Wall Street has the big U.S. banks 62 trillion in the hole that can not be sustained the gross domestic product of the entire planet Earth is 60 trillion. In other words game over!But this can be a great thing . Call your congress man or woman and demand the government take over the Federal Reserve. Your life will improve 100 percent. The banksters have us enslaved to debt. They told congress to give them 700 billion or we would get marshal law! new currency Mr Obama!
WakeupsCall (December 31, 1969 at 6:59 pm)
"I will wait and evaluate the information as it comes and not be so arrogant as to assume that I know what will happen."You should be more arrogant. It's really the only thing that wakes people up anymore.
Noahgoy (December 31, 1969 at 6:59 pm)
"I think the real question is, what can't you admit to yourself? "As I have said many times on this forum, I will wait and evaluate the information as it comes and not be so arrogant as to assume that I know what will happen.
WakeupsCall (December 31, 1969 at 6:59 pm)
"What are you afraid of ?"I think the real question is, what can't you admit to yourself?
WakeupsCall (December 31, 1969 at 6:59 pm)
"There are NO countries currently on the gold standard. Your argument is meaningless."Duh. And all of their fiat currency systems will fail as well. But America's will fail first. "The US isn't going anywhere boys."It's not going anywhere physically. But it's definitely going somewhere morally.
dallastexax (December 31, 1969 at 6:59 pm)
┏┫ ┏┓ ┏┓ ┣┓    ┃┃┗┫   ┃   ┣┛ ┏━━┻┃PRESIDENT OBAMA 2008! ┃ ┗━━━┛ ┃  ┣━━ ┃ ┗━━━┳━━━┛  ┣━━ ┃ ┏━━▇▇▇━━━━━┻ Change will come !
ygun21 (December 31, 1969 at 6:59 pm)
There are NO countries currently on the gold standard. Your argument is meaningless. Furthermore, other countries need to clean up their backyards before they call for the demise of America. The EU is in disarray and leaderless in times of crisis. The middle east needs to focus on productive education and opportunities for it's youth. There is a reason why most of that reigon looks exactly like it did in 1925 and will look exactly the same in 2025. --The US isn't going anywhere boys.
Luvanicebum (December 31, 1969 at 6:59 pm)
The US dollar has been rallying due to a flight to safety into the worlds reserve currency I agree. Everything is being sold to cover debt and raise cash. This is the deflationary period that could last into 2009. After it ends, we will enter a hyper-inflationary depression due to the government printing money to ease the pain.The same thing happened from financial intervention by Roosevelt before the Great Depression.
monwarrior (December 31, 1969 at 6:59 pm)
the only thing they want with this collapse is to put the amero on.
Noahgoy (December 31, 1969 at 6:59 pm)
"You need to look at some longer term charts, I'm afraid. Here's a start:"What are you afraid of ?

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