The Dollar Will Collapse Within 3-4 Months

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Mon, 03/28/2011 - 10:04 | 1108418 johngaltfla
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Don't see this happening. The Euro, definitely, the dollar? A wee bit more time is being purchased for it by the ECB's insanity.

Sun, 03/27/2011 - 23:24 | 1107434 lucasjackson
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IDIOTS THEY WERE, EACH AND ALL OF THEM.  What does it matter if gas is 4.00 a gallon and you make 100k a year, or gas is .25 a gallon and you make 12,500 a year?  The Federal Reserve has a dual mandate  to control inflation and promote full employment.   Think carefully.  Controlling inflation does not mean preventing it.  Promoting full employment is impossible if people are not kept on a treadmill chasing more and more dollars which are worth less and less to buy goods that cost more and more.  If you let the donkey eat enough carrots he will no longer pull the wagon, regardless of the amount of new carrots you entice him with.  The U.S. standard of living is still unsustainably high compared to much of the rest of the world. Destruction of currency does not destroy the underlying assets, capital applications and intrinsic wealth of a nation it ONLY EXPOSES TRUE VALUE.  Paper trillions may disappear but our labor pool will work much harder in order to feed themselves thus giving more work output.  Hopefully we will once again use our ingenuity, innovation and craftsmanship which has been dormant for a generation to regain our former status as the leading producer and manufacturer on this planet.

Fri, 03/25/2011 - 13:48 | 1100343 dugorama
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Japan (every level of society) will clearly need cash to either rebuild or relocate or flee.  No? They will dump UST to get it.  No?  Increased supply of UST means price falls, interest rates rise, dollar becomes what?  more attractive?  a safe haven again?

and where will all those Japanese people relocate?  Probably not China.

Fri, 03/25/2011 - 12:52 | 1100121 pupton
pupton's picture

Hysteria stirred up to get hits on his website...the dollar will die a slow and painful death over the course of years, not "2H11".  No other evidence besides technical/chart data?

Fri, 03/25/2011 - 12:40 | 1100054 Unlawful Justice
Unlawful Justice's picture

If charts could predict the future or point to events, we would all be millionaires.  

Fri, 03/25/2011 - 11:51 | 1099782 anony
anony's picture

If only I could BBEELIEEVe this.

My Singapore dollars, 2% portion of my assets, I would put every dollar I could get my hands on into more of them, then go off to St.Bart's until December when it gets too chi-chi, and then fly off with my new-found fortune to St. Lucia, or Mustique and hang with Sting or  Charlize.

Fri, 03/25/2011 - 11:06 | 1099530 Spigot
Spigot's picture

You know, TPTB can also read charts. I doubt they are going to wake up one morning and slap themselves saying "Oh my! What shall we do now!..." Nope. It will not be a chartable thing when it happens. It will be an event or series of them that no one can predict, which is outside of human response ability.

Fri, 03/25/2011 - 10:00 | 1099220 GoldVsFRNdotCOM
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UnKle Buck opens the door for Eurocharmin. Lady EC exits first.

Fri, 03/25/2011 - 04:34 | 1098670 Escapeclaws
Escapeclaws's picture

My sheep entrails say 6 to 8 months minimum. I'd pit them against your chart any day. If you don't believe me, I'd be happy to send them to you so you can see for yourself. I call this Sheepnical Analysis, or SA for short.

Fri, 03/25/2011 - 03:31 | 1098634 Jack Sheet
Jack Sheet's picture

Define "collapse". In journalism that could mean a drop of 5%.

Fri, 03/25/2011 - 02:15 | 1098579 TumblingDice
TumblingDice's picture

That chart simply does not yell out "collapse" to me. It hasn't happened and it won't happen. It is too easy for the bankers to buy dollars.

Thu, 03/24/2011 - 23:54 | 1098343 NonAggressionPr...
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with all that previous resistance (ie buyers) its far from a done deal that it will continue at this rate

Thu, 03/24/2011 - 23:48 | 1098328 Peter Carson
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RE: Zbigniev Brezinski - easier to murder 7 BILLION - than to control.

Makes psycho-pathetic-sence, to launch plans converting cities into graveyards during late fall/early winter. Contemporaneously gets the-job done using MOM-nature, makes it simple to cut-off egress, with added bonus for clean-up crews - handling FROZEN putrified bodies - will be much more pleasant.


Thu, 03/24/2011 - 23:26 | 1098270 Leo Kolivakis
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There will be no hyperinflation in the US and the greenback will never collapse. Please stop posting this nonsense.

Fri, 03/25/2011 - 03:58 | 1098650 akak
akak's picture

"Rome is forever!"

"It is the divine right of kings to rule over men."

"If man were meant to fly, he'd have wings."

"The threat from the Soviet Union will last for at least the next century."

"Housing prices never fall."


Man-made paradigms, much like the cowardly and myopic kneejerk deference to corrupt authority of Leo Quislingasskiss, are fragile and ephemeral things with little supporting them except blind and desperate belief in the permanence of the status-quo.

Fri, 03/25/2011 - 11:54 | 1099805 anony
anony's picture

Not to be niggling (yes you can still use that word, Mr. Twain) but uhhh....who do you know, which MAN or woman do you know, who can fly?

I was in Rome last year.

What has changed about our kings, princes, and lords?  They still do rule over us.

I feel a threat every day from the Soviet.


Fri, 03/25/2011 - 15:47 | 1100941 akak
akak's picture

As long as we are splitting hairs:

Quote #1 refers to the Roman Empire, not the city itself (this was a commonly repeated refrain during the latter days of the Western Empire);

Quote #2 refers to the theory of The Divine Right of Kings, for which I do not hear many proponents nowadays;

Quote #3 refers to man's ability to move through the air, not necessarily under his own power;

As for quote #4, correct me if I am wrong, but I do believe that the Soviet Union was disbanded around 20 years ago --- I think I remember reading something about it in a newspaper.

Thu, 03/24/2011 - 23:06 | 1098198 Coldfire
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It is difficult to make predictions, especially about the future.

Fri, 03/25/2011 - 11:59 | 1099824 anony
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"When cryptography is outlawed, bayl bhgynjf jvyy unir cevinpl".

Thu, 03/24/2011 - 23:19 | 1098244 eddiebe
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Love that quote!

Thu, 03/24/2011 - 22:40 | 1098097 bigdad06
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Old news! Martin Armstrong already predicted this with his Economic Confidence Model. The dates are June 13/14, 2011. Nice article though!:))

Fri, 03/25/2011 - 05:49 | 1098698 rich_wicks
rich_wicks's picture

June 14th would be awesome, it's my birthday!

Oh, and Flag Day, so it would be a nice irony too.

Thu, 03/24/2011 - 22:32 | 1098061 laosuwan
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Karl Marx Predicted the collapse of US Dollar in 1857. Jean dixon predicted the collapse of the US Dollar in 1974. Pheonix Capital predicted the collapse of the US Dollar in 2011. I predict Pheonix Captial will end up like Karl Marx and Jean Dixon and the US dollar will still be there.

Thu, 03/24/2011 - 23:16 | 1098232 eddiebe
eddiebe's picture

'....the US dollar will still be there.

'   Sure it will be if that is in the bankers best interest. And of course it is. What a scam. The printing press and a way to buy any market for whatever purpose anytime anywhere, and all the muscle to back the buck with the worlds vastly superior military might ever.

 I predict at some point they will link the dollar to the Pm's to soak up liquidity and to restore credibility to the greenback,( we're not nearly there yet ) but that will be at gold prices far above what they are ,to destroy as much fiat debt as possible.

 Then the fractional reserve game can re-set.

 By the way, when there is a true link, before dilution sets in, the bankers will manage interest rates up, way up, so they can have another 30 years of high interest payments from you and me.(Paul Volker style)

 Great scam eh?


Wed, 03/30/2011 - 22:50 | 1120073 laosuwan
laosuwan's picture

Great scam eh?


Yes, and elegant, too.


Fortunately, there is a way to beat their game and that is not to go into debt.

Thu, 03/24/2011 - 22:29 | 1098058 Psquared
Psquared's picture

Hank ... is that you Hank? Marshall law anyone?

Forgive my cynicism but this article is total BS and rank sophomoric journalism. Actually, it is not really journalism, but it is rank and it is sophomoric. We have been hearing this song and dance since 2007 - going on 4 years and it hasn't happened yet. The more people who say it will happen the more inclined I am to buy stocks and anything else demoninated in dollars.

Thu, 03/24/2011 - 22:20 | 1098017 steve2241
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"The Coming Inflationary Collapse"

Could be the title of a new Harry Browne paperback!

Thu, 03/24/2011 - 21:42 | 1097861 JimboJammer
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It  is  a  Deflationary  Death  Spiral  if  you  just  look  at  house  prices.... 

Thu, 03/24/2011 - 21:26 | 1097808 pragmatic hobo
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Thu, 03/24/2011 - 21:10 | 1097780 Campagnolo
Campagnolo's picture

Dollar will not collapse, at least on our lifetime....I like gold and silver, and I know dollar is losing purchase power, however it will not collapse. Do not understimate goverment, they are ahead in a couple decades, they ae play a dirty game, sure...but in the end China will lose...many americans will suffer, we are now, but we will not see dollar desapear....maybe when gold reach over $5000, silver $250, oil $200, etc (example)...a new dollar will be issue, back on what China is looking for and need the most to keep growing: commodities!...dont understimate!

Fri, 03/25/2011 - 05:49 | 1098697 rich_wicks
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Why would the dollar not collapse?

What if the US government really has 8000 tons of gold, and plans to put the world on a gold standard in the end?  That would get rid of it's debts, and make the United States a pretty rich nation, while at the same time impoverishing anybody in the world that has their currency pegged to the dollars.

In another note, I have to admit, campagnolo is better than shimano.

The US is a resource rich nation still.  We got plenty to sell to the world if it comes down to it.

Thu, 03/24/2011 - 23:00 | 1098175 eddiebe
eddiebe's picture

Camp, you make sense.  

Thu, 03/24/2011 - 21:09 | 1097769 Pumpkin
Pumpkin's picture

66Sexy, if the Fed benefits from deflation, why has the dollar lost 95% of its value since 1913?  Not saying the dollar will crash that quickly, but the Fed seems to like inflation much, much more than deflation considing its 100 year track record.

Thu, 03/24/2011 - 21:11 | 1097782 Republican Lackey
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I'm living pretty comfortably on the 5% that's left.

Thu, 03/24/2011 - 21:04 | 1097753 PulauHantu29
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I still feel it will be slow dollar death rather then a quick one due to the massive fraud,ooops, I mean "intervention" by CBs.

Thu, 03/24/2011 - 20:42 | 1097685 Republican Lackey
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Hasn't everyone been saying this for the past 2 years? Like a blind man playing tennis.

Thu, 03/24/2011 - 20:33 | 1097656 NidStyles
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Collapse mean's no one uses it anymore. Not in 3-4 months. Maybe in a year after a lot of pain.

Thu, 03/24/2011 - 20:19 | 1097613 JimS
JimS's picture

Excuse me, but the dollar has dropped at an 18% annualized rate over the last 9 months. If the stock market dropped at a similar rate, I'd call it a collapse. Just saying.

Thu, 03/24/2011 - 20:41 | 1097677 JimS
JimS's picture

We've got a 4-more point drop, until we are in uncharted territory. Looks pretty good for all "hard assets", as they are the only storehouse of real value. No other fiat looks any better than the Dollar at this point, except the Swiss Franc, and I don't believe they will be able to hold out either, from this world-wide currency "race-to-the-bottom". We could easily see the Dow head to 36,000, and the S & P head to 5000, but would it really be worth anymore than right now, if the Dollar Index dropped to 20?

Thu, 03/24/2011 - 23:21 | 1098251 steve2241
steve2241's picture

In a world-wide currency-race-to-the-bottom, there can be no winner but the currency with global reserve status - $$$. And I'm not talkin' about the Mexican Peso!

Thu, 03/24/2011 - 20:34 | 1097643 Money 4 Nothing
Money 4 Nothing's picture

Lookie here, the dollar is trash, there are countries overseas that will not accept the greenback for purchases, you have to convert to there currency then make your purchace. For Crimminy's sakes, there are towns in Mexico that don't even want it.

The Buck is going to epic fail, just a matter of time.

search: "Mexico will not accept USD"

"Other payment methods such as credit cards of all types and all issuing banks, Travelers Checks, Mexican pesos and non-American foreign currencies (such as Euros or Canadian Dollars) are not affected in any way by this new law."

Then you tell me. It's some anti laundering law that ONLY effects the USD?

Thu, 03/24/2011 - 20:52 | 1097708 fijisailor
fijisailor's picture

What an assinine comment.  Anyone who has ever traveled overseas knows that you have to exchange your dollars for the local currency at a bank or money exchange office.

Thu, 03/24/2011 - 21:54 | 1097899 Long-John-Silver
Long-John-Silver's picture

Not so! I've traveled extensively having been in both the US Navy and US Army. In the good old days a US Dollar was good anywhere. They loved to take "real" money in place of their own and give you back change in their worthless currency.The especially liked $100 bills. Soviet operatives paid a high premium  for $100 greenbacks. They used them to pay spies for information.


Now the reverse is true. No one wants the US Dollar

Thu, 03/24/2011 - 23:39 | 1098307 SilverBaron
SilverBaron's picture

True!  I know a guy who does business in China and they used to love $100 bills.  Now they frown on them.

Thu, 03/24/2011 - 20:11 | 1097588 Bicycle Repairman
Bicycle Repairman's picture

A dollar collapse and "my personal view is Gold will clear $1,500 and Silver $40 this year".

LOL.  Ya think?

Thu, 03/24/2011 - 20:45 | 1097686 Republican Lackey
Republican Lackey's picture

 Keep laughing. You'll be crying soon. LOL.

Thu, 03/24/2011 - 20:06 | 1097570 Prostar
Prostar's picture

My friends this could be fast or slow.  The long term prospects haven't changed because of the way the system was designed and furthermore the way the dollar is being debased.  For those who disagree history provides all the proof that "Fiat" currencies such as the dollar have a life span of no more than 40 years.  Just look what happend in Great Brittain in 1967 with its currency back then.  Weimar is another fine example and we have Zimbabwe today.  So do not be fooled into thinking the same crap can't happen in the USA.  Buy precious metals NOW.

Thu, 03/24/2011 - 20:00 | 1097550 f16hoser
f16hoser's picture

Some have said a "collapse" will be when the dollar loses it's reserve status and 25-40% less in purchasing power. Translation, higher prices for the things we need on a daily basis. Interpret "collapse" any way you want. Bottom line, the next 6 months are gonna suck!

Thu, 03/24/2011 - 23:26 | 1098256 SilverBaron
SilverBaron's picture

4 dollar gas is already sucking!  (yes, here in SoCal it is already 4 and doing major damage)

Add 40% and you get to 5.60--Catastrophic!

It will cause margin collapse.

No profit = no jobs.

Thu, 03/24/2011 - 19:57 | 1097535 Bill Lumbergh
Bill Lumbergh's picture

Most major currencies have issues namely too much in circulation and interest rates held artificially too low.  In 2008 everyone was convinced the dollar end was near and loaded up with every commodity for protection to be annihilated shortly thereafter.  I am bullish on precious metals but if the US dollar were to "collapse" the world economy would be in a death spiral.  Imagine the domino effect that would cause with currency pegs and dollar holdings of other countries.  Of course anything is possible but when almost every other currency has as many fleas one must wonder if such an outcome is likely.

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