Quantcast
  1. Sign up now and join over 35,000 northwest gun owners. It's quick, easy, and 100% free!

So long, US dollar

Discussion in 'Preparedness & Survival' started by ATCclears, Apr 29, 2012.

  1. ATCclears

    ATCclears Seattle area, WA Well-Known Member

    Messages:
    2,266
    Likes Received:
    1,375
  2. Dunerunner

    Dunerunner You'll Never Know Well-Known Member

    Messages:
    2,476
    Likes Received:
    1,234
    Good! Time to return to Gold and Silver!
     
  3. nwwoodsman

    nwwoodsman Vernonia Bronze Supporter Bronze Supporter 2015 Volunteer

    Messages:
    1,140
    Likes Received:
    1,083
  4. ATCclears

    ATCclears Seattle area, WA Well-Known Member

    Messages:
    2,266
    Likes Received:
    1,375
    Full disclosure. I have nothing invested in gold or silver, though perhaps I should. I posted this article since I've been reading elsewhere about other countries shifting away from the US dollar, and even how China and Saudia Arabia have a big project going where they may end up trading for oil in China's currency (the yuan).

    Seriously, if the world continues to shift away from the US dollar then there will be no one to buy our debt. The WSJ recently reported that the US bought approximately 60% of its own debt in 2011. The amount purchased by the US was tiny prior to 2008.

    Assuming the world does shift away from the US dollar, we will not be able to fund our social programs or any "shell" games. That means more people spiraling into poverty, and a strengthening of a two-tiered society. That means more people doing whatever it takes to survive, including more robberies and violence similar to say some South American countries.

    Peter
     
  5. EZLivin

    EZLivin SW of PDX Well-Known Member

    Messages:
    1,164
    Likes Received:
    298
    Casey Research has a good team on staff. Most people will never pay a dime for information (conferences, conference CDs, newsletters, etc.), but those that have subscribed to Casey, Richard Maybury, James Dines, and a few others who saw this coming have done substantially better over the last decade than the people who have listened to the main stream media.
     
  6. cetme

    cetme oregon city Member

    Messages:
    474
    Likes Received:
    5