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The U.S. Is Going To Experience One Hell Of A Collapse

 
Face Palmer
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09/26/2013 07:42 AM
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The U.S. Is Going To Experience One Hell Of A Collapse
KWN is always crying wolf, but still...


Eric King: “What is your vision of the highly inflationary future of the West, particularly in the United States?”


Barron: “I’ve lived in 18 countries, and a number of those countries have experienced severe inflation or even hyperinflation while I have lived in them. I was in Brazil right as they had just switched from one fiat currency to another. They literally stamped over some of the old money with a rubber stamp and tried to give value to the currency that way, but the people weren’t buying it.


I also lived in Ecuador during that hyperinflation, and during the chaos in Russia in the early 1990s. America and Western Europe have been blessed with a situation where there hasn’t been hyperinflation for several generations. But if you go back in history, just in the last century in France they had five currencies go to zero.


Of course we also had the very famous situation in the Weimar Republic in Germany where they lopped 12 zeros off of that currency in November of 1923. This stabilized the currency in Germany, but, essentially, their previous currency had gone to zero. There are many of these situations, and not just in third world countries like Zimbabwe. We are talking about countries that were first world. So why should America think they are exempt -- that they have special status and this is never going to happen to them?.........


[link to kingworldnews.com]
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

The woman who is not pursued sets up the doctrine that pursuit is offensive to her sex, and wants to make it a felony. No genuinely attractive woman has any such desire. - H.L. Mencken, In Defense Of Women
Anonymous Coward
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09/26/2013 11:31 AM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
bumpyou always seem to have interesting subjects , this is another -we will see if it will generate some interest -perhaps many are still sleeping ?peace
Anonymous Coward
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09/26/2013 11:35 AM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
The world, OP.... The entire world.
Anonymous Coward
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09/26/2013 11:46 AM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
economically, or tectonically?

or both?
Anonymous Coward
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09/26/2013 12:12 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
The USA will be the very last country to go down, because of the nature of the petrodollar, which functions as a reserve currency. That means, every nation that wants to buy oil on the world market needs to obtain greenbucks first...by selling stuff to the USA.

The USA gets cars, food, natural ressource imports, and the seller gets greenbacks to buy oil in return. This is how the system works.

So even worldwide economic collapse will affect the USA less than every other country in the world.

No, the USA will be brought down by something else. Something unexpected and big enough to topple an empire.
Anonymous Coward
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09/26/2013 12:24 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
bump
Anonymous Coward
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09/26/2013 12:25 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
The USA will be the very last country to go down, because of the nature of the petrodollar, which functions as a reserve currency. That means, every nation that wants to buy oil on the world market needs to obtain greenbucks first...by selling stuff to the USA.

The USA gets cars, food, natural ressource imports, and the seller gets greenbacks to buy oil in return. This is how the system works.

So even worldwide economic collapse will affect the USA less than every other country in the world.

No, the USA will be brought down by something else. Something unexpected and big enough to topple an empire.
 Quoting: Anonymous Coward 47435795


Sodomy.
Anonymous Coward
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09/26/2013 12:25 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
:HUZSM:
Anonymous Coward
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09/26/2013 12:27 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
The USA will be the very last country to go down, because of the nature of the petrodollar, which functions as a reserve currency. That means, every nation that wants to buy oil on the world market needs to obtain greenbucks first...by selling stuff to the USA.

The USA gets cars, food, natural ressource imports, and the seller gets greenbacks to buy oil in return. This is how the system works.

So even worldwide economic collapse will affect the USA less than every other country in the world.

No, the USA will be brought down by something else. Something unexpected and big enough to topple an empire.
 Quoting: Anonymous Coward 47435795


Like other countries abandoning the petrodollar?
Anonymous Coward
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09/26/2013 12:28 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
By the end of the fiscal year 2015 the dollar will be nearly completely worthless.

You don't have to be an economist to know what that means.

Good luck.
Anonymous Coward
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09/26/2013 12:28 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
USA won't be like those countries as long as it still retains the petrol dollar (world reserve) currency status.
Anonymous Coward
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09/26/2013 12:36 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
USA won't be like those countries as long as it still retains the petrol dollar (world reserve) currency status.
 Quoting: Anonymous Coward 28450574


This... It could be 10 years away.
Face Palmer  (OP)

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09/26/2013 12:36 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
bumpyou always seem to have interesting subjects , this is another -we will see if it will generate some interest -perhaps many are still sleeping ?peace
 Quoting: Stickyfoot


Thanks hf
Damn timezones
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

The woman who is not pursued sets up the doctrine that pursuit is offensive to her sex, and wants to make it a felony. No genuinely attractive woman has any such desire. - H.L. Mencken, In Defense Of Women
Anonymous Coward
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09/26/2013 12:37 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
USA won't be like those countries as long as it still retains the petrol dollar (world reserve) currency status.
 Quoting: Anonymous Coward 28450574


Thats the problem, its the end of the petrodollar. When that happens every country that uses the dollar will collapse. Thats why many countries are using other currencies/GOLD to trade in OIL. They KNOW its coming!
Face Palmer  (OP)

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09/26/2013 12:38 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
USA won't be like those countries as long as it still retains the petrol dollar (world reserve) currency status.
 Quoting: Anonymous Coward 28450574


This... It could be 10 years away.
 Quoting: Anonymous Coward 3284618


China dumped loads of treasuries in the past months. Don't bet your life on it.
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

The woman who is not pursued sets up the doctrine that pursuit is offensive to her sex, and wants to make it a felony. No genuinely attractive woman has any such desire. - H.L. Mencken, In Defense Of Women
Philligan
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09/26/2013 12:38 PM

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Re: The U.S. Is Going To Experience One Hell Of A Collapse
Ive been buying silver and gold every month for a while now and its amazing how the fundamentals have NOT changed yet gold is down 20%

I look at my gold and silver as a retirement account that will probably be worth more than my house very soon.

I dont care what people say this economy is a toe stub away from collapse
Pray for Us Sinners Now and at the Hour of our Death
Anonymous Coward
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09/26/2013 12:39 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
USA won't be like those countries as long as it still retains the petrol dollar (world reserve) currency status.
 Quoting: Anonymous Coward 28450574


This... It could be 10 years away.
 Quoting: Anonymous Coward 3284618


That's funny, you pulled that number just out of a hat?
Anonymous Coward
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09/26/2013 12:40 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
The USA will be the very last country to go down, because of the nature of the petrodollar, which functions as a reserve currency. That means, every nation that wants to buy oil on the world market needs to obtain greenbucks first...by selling stuff to the USA.

The USA gets cars, food, natural ressource imports, and the seller gets greenbacks to buy oil in return. This is how the system works.

So even worldwide economic collapse will affect the USA less than every other country in the world.

No, the USA will be brought down by something else. Something unexpected and big enough to topple an empire.
 Quoting: Anonymous Coward 47435795


Like other countries abandoning the petrodollar?
 Quoting: Anonymous Coward 4466048


spock
Anonymous Coward
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09/26/2013 12:41 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
USA won't be like those countries as long as it still retains the petrol dollar (world reserve) currency status.
 Quoting: Anonymous Coward 28450574


This... It could be 10 years away.
 Quoting: Anonymous Coward 3284618


That's funny, you pulled that number just out of a hat?
 Quoting: Anonymous Coward 30670164


No shit dude.... It COULD be 10 years.
Anonymous Coward
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09/26/2013 12:42 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
USA won't be like those countries as long as it still retains the petrol dollar (world reserve) currency status.
 Quoting: Anonymous Coward 28450574


Thats the problem, its the end of the petrodollar. When that happens every country that uses the dollar will collapse. Thats why many countries are using other currencies/GOLD to trade in OIL. They KNOW its coming!
 Quoting: Anonymous Coward 30670164


They (international banking cartel) will keep kicking the can down the road. They will do whatever it takes to keep the ponzi fiat money from collapsing.
Moraniac
Clinging to my guns and Bibles

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09/26/2013 12:43 PM

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Re: The U.S. Is Going To Experience One Hell Of A Collapse
The USA will be the very last country to go down, because of the nature of the petrodollar, which functions as a reserve currency. That means, every nation that wants to buy oil on the world market needs to obtain greenbucks first...by selling stuff to the USA.

The USA gets cars, food, natural ressource imports, and the seller gets greenbacks to buy oil in return. This is how the system works.

So even worldwide economic collapse will affect the USA less than every other country in the world.

No, the USA will be brought down by something else. Something unexpected and big enough to topple an empire.
 Quoting: Anonymous Coward 47435795


The Spanish Inquisition.
Winter is Coming.
Anonymous Coward
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09/26/2013 12:43 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
Not just the USA, all the European countrys are in danger of collapse, if they don't join the European Union. As that is the only means to save themselves from total collapse.

The newly elected Italian PM Enrico Letta facing new challenge from Silvio Berlusconi's supporters

Anonymous Coward
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09/26/2013 12:44 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
My question to everyone is: how can the entire globe be in recession in a global economy? We hear stories every day of how virtually every country is experiencing a downward economic shift. Wouldn't some countries have to be experiencing an economic boom then? I want to know which countries are benefiting from the economic downfall of the rest.
Anonymous Coward
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09/26/2013 12:45 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
let's get this fvckin show
on the road

dayim

I'm tired of waiting
Anonymous Coward
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09/26/2013 12:45 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
if no WW3 , petro dollar is done. ans the usa will be the first one to collapse and very hard... add to this all the gold they need to give back to contry like germany... the gold they already resale.. it just cant keep going like that for verylong time... and i thing china and russia are on the way to end this game the hard way!
Anonymous Coward
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09/26/2013 12:46 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
Ive been buying silver and gold every month for a while now and its amazing how the fundamentals have NOT changed yet gold is down 20%

I look at my gold and silver as a retirement account that will probably be worth more than my house very soon.

I dont care what people say this economy is a toe stub away from collapse
 Quoting: Philligan


While gold and silver will always be worth something, in a completely collapsed economy, the value of both will be uncertain, subjective.

If it takes $1,000 to buy a loaf of bread, how much will an ounce of gold buy?
BunBun

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09/26/2013 12:49 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
By the end of the fiscal year 2015 the dollar will be nearly completely worthless.

You don't have to be an economist to know what that means.

Good luck.
 Quoting: Anonymous Coward 34971948


The next Shemitah is September 13, 2015.
Christard and Lover of God
Anonymous Coward
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09/26/2013 12:54 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
I would not be surprised!
We used to sell great on Ebay, now not much sells.
We've never seen it this way! Something very wrong is happening.
Philligan
in rainbows

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09/26/2013 12:55 PM

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Re: The U.S. Is Going To Experience One Hell Of A Collapse
Ive been buying silver and gold every month for a while now and its amazing how the fundamentals have NOT changed yet gold is down 20%

I look at my gold and silver as a retirement account that will probably be worth more than my house very soon.

I dont care what people say this economy is a toe stub away from collapse
 Quoting: Philligan


While gold and silver will always be worth something, in a completely collapsed economy, the value of both will be uncertain, subjective.

If it takes $1,000 to buy a loaf of bread, how much will an ounce of gold buy?
 Quoting: Anonymous Coward 47466417


Well if the dollar collapses what else will there be?

India and China are buying at record amounts.

Never mind the US sheeple and the USD.

Gold is thousands of years old and it was the backbone of our currency.

My Krugerrand I bought Tues.

I dropped the case in my driveway but the gold is fine

:sakrugerrand:
Pray for Us Sinners Now and at the Hour of our Death
Chrit

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09/26/2013 12:57 PM
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Re: The U.S. Is Going To Experience One Hell Of A Collapse
The world, OP.... The entire world.
 Quoting: Anonymous Coward 1194370


M2 supplies of the world. They print all this extra currency to keep away from a credit crunch, but the catch is when we slip and manufacturing falters we all end up with a lot of cash and no product and that becomes inflation. Why would I take dollars for food if I have as much money as I want from the bank for record low interest rates, interest rates lower than the inflation itself, basically free money.

England

m2england

New Zealand

m2newzealand

India

m2india

Euro

m2euro

US

m2us

Australia

m2australia

This is Japan, mind you they just started the printing with a goal of 2% annual inflation.

m2japan




My numbers are still looking the same on the future.
GDP prediction

GDPprojSep10

M3 prediction

m3sep10proj
I'm only human, it's my biggest flaw.

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T-Man
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09/26/2013 12:59 PM

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Re: The U.S. Is Going To Experience One Hell Of A Collapse
to be honest i believe it was the same last year. gov could shut down. lots of "panic" but obviously last minute everything was "ok"

does this have anything to do with the debt not growing anymore? (as in theres no more money to lent?)





GLP