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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.
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.
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.
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?
If charts could predict the future or point to events, we would all be millionaires.
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.
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.
UnKle Buck opens the door for Eurocharmin. Lady EC exits first.
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.
Define "collapse". In journalism that could mean a drop of 5%.
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.
with all that previous resistance (ie buyers) its far from a done deal that it will continue at this rate
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.
There will be no hyperinflation in the US and the greenback will never collapse. Please stop posting this nonsense.
"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.
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.
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.
It is difficult to make predictions, especially about the future.
"When cryptography is outlawed, bayl bhgynjf jvyy unir cevinpl".
Love that quote!
Old news! Martin Armstrong already predicted this with his Economic Confidence Model. The dates are June 13/14, 2011. Nice article though!:))
June 14th would be awesome, it's my birthday!
Oh, and Flag Day, so it would be a nice irony too.
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.
'....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?
Great scam eh?
Yes, and elegant, too.
Fortunately, there is a way to beat their game and that is not to go into debt.
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.
"The Coming Inflationary Collapse"
Could be the title of a new Harry Browne paperback!
It is a Deflationary Death Spiral if you just look at house prices....
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!
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.
Camp, you make sense.
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.
I'm living pretty comfortably on the 5% that's left.
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.
Hasn't everyone been saying this for the past 2 years? Like a blind man playing tennis.
Collapse mean's no one uses it anymore. Not in 3-4 months. Maybe in a year after a lot of pain.
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.
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?
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!
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?
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.
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
True! I know a guy who does business in China and they used to love $100 bills. Now they frown on them.
A dollar collapse and "my personal view is Gold will clear $1,500 and Silver $40 this year".
LOL. Ya think?
Keep laughing. You'll be crying soon. LOL.
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.
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!
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.
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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