"Exxxxxcellent. The fools suspect nothing!"
the boomer generation inherited a great economy,
but they don’t seem too concerned about passing on a better economy to their children.
The same kind of folks said real estate wasn’t a bubble back about 2006 or so.
Actually, I have my own personal dollar crisis every time I pull up to the gas pump.
All the majors currencies have been dying for years. The dollar included. But because they were all going down together and their strength of each is analyzed and reported relative to the others, it didn’t appear that the dollar was falling as badly as the others. It is like several planes in the sky that are all crashing toward the earth, but one plane is crashing less slowly, so compared to the other plans, it is still flying all right.
This has only been possible because the dollar is the world’s reserve currency and because so many other nations are so heavily invested in it that they didn’t want it to nosedive, so they’ve propped it up with loans upon loans.
Make no mistake about it. When these currencies crash, our way of life crashes. These currencies are being crashed on purpose so that all the world demands a new, global currency that is controlled by a global, centralized banking system. This will effectively put an end to national sovereignty and to our Constitutional way of life.
And if you think this is a good idea, study the Federal Reserve and learn what an awful job they have done in meeting their stating goals (low inflation, strong dollar, no recessions, etc.) and what a great job they have done in destroying our currency and wreaking havoc on our economy, which wreaks havoc on our daily lives. The dollar has lost 90% of its purchasing power since the Fed took over. Back in the 1950s and 1960s, one earner in a household could work and support the American dream. Now it takes both adults in a household working to support that same dream.
Now imagine this on a global scale. And imagine those global controllers being the same “-ism” group that hates America and Americans and the American way of life and thinks that “justice” is redistributing America’s wealth (better read that ‘earnings’ and ‘savings’) to other nations who are the ‘victims’ of American ‘theft’ and ‘oppression.’
Do not be misled. They aim to punish each and every one of us and to give us the third-world standard of living they believe is ‘justice.’
"Exxxxxcellent. The fools suspect nothing!"
LAT carrying the commies water as usual.
The US dollar will collapse. Not due to printing but due to sovereign default.
The US Taxpayer will not pay back $14trillion...or eventually $20Trillion...or $30trillion...much less meet their supposed other obligations of $60-$100trillion of unfunded liabilities.
It's not going to happen, ever, because it can't. We don't have the money.
As the interest on that debt continues to grow with the principal, and worse, with a greater risk premium driving interest rates higher, the US Taxpayer/Voter will OFFICIALLY DEFAULT.
It's easy to imagine a scenario where our annual interest payment is $1 trillion.
Who in the right mind would pay that?
“a collapse seems unlikely given the lack of a real global alternative to the dollar’s status.”
What an idiot. Why is gold and silver going up so fast?
There’s always an alternative unless we let the IMF take over all currencies.
Yhe University Of Texas isn’t worried at all about the dollar.<>
Sleep peasants, the end is not near. Your masters will always care for you as we are compassionate.
“Collapse” comes in many forms. I call a massive devaluation a collapse. Inflation is that devaluation. We still have a weak economy and that keeps prices down but a crippled dollar is about to make inflation a reality just at a time we can least afford it.