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Why the dollar is going to collapse

angloaustria.blogspot.com

1–10 of 61 posts

Re: Why the dollar is going to collapse

#2
I just hear it everywhere. I'm sure the whole world has too much at stake if US Dollar loses its value. The economy might stagflate for a while, but I believe it will eventually recover. After all, USA is the largest economy in the world.

Re: Why the dollar is going to collapse

#3
I looked through your submissions and the other pages on that blog for a bit, interesting collection.

Stuff that matters indeed.

In the interest of full disclosure, do you still hold dollars or have you completely converted to gold now ?

Re: Why the dollar is going to collapse

#4

I just hear it everywhere. I'm sure the whole world has too much at stake if US Dollar loses its value. The economy might stagflate for a while, but I believe it will eventually recover. After all, USA is the largest economy in the world.

What special property does having the largest economy in the world have against it collapsing through the application of poor economic theory?

I would hazard a guess that Zimbabwe has massive inflation because of the Mugabe school of economic thought rather than because it is a small economy.

Re: Why the dollar is going to collapse

#5

I just hear it everywhere. I'm sure the whole world has too much at stake if US Dollar loses its value. The economy might stagflate for a while, but I believe it will eventually recover. After all, USA is the largest economy in the world.

The USA does not have the largest economy in the world by far:

http://upload.wikimedia.org/wikipedia/commons/7/70/Nominal_G...

Re: Why the dollar is going to collapse

#6

I just hear it everywhere. I'm sure the whole world has too much at stake if US Dollar loses its value. The economy might stagflate for a while, but I believe it will eventually recover. After all, USA is the largest economy in the world.

Maybe I'm just a hopeless optimist, but I have to believe in bouncing back. Sure, times are rough right now but people are more resilient than they are getting credit for right now.

Re: Why the dollar is going to collapse

#7

I just hear it everywhere. I'm sure the whole world has too much at stake if US Dollar loses its value. The economy might stagflate for a while, but I believe it will eventually recover. After all, USA is the largest economy in the world.

http://en.wikipedia.org/wiki/File:GDP.jpg

Re: Why the dollar is going to collapse

#8

I just hear it everywhere. I'm sure the whole world has too much at stake if US Dollar loses its value. The economy might stagflate for a while, but I believe it will eventually recover. After all, USA is the largest economy in the world.

Maybe I'm just a hopeless optimist, but I have to believe in bouncing back. Sure, times are rough right now but people are more resilient than they are getting credit for right now.

Well, and bear with me here, but have you considered the idea that "bouncing back" isn't the optimistic solution? Say what you will about politics the reality is both President Obama and former President Bush signed us up for a hail mary play largely based on the idea that people should never have to act responsibly. That they can sign a deal that's obviously too good to be true and borrow 10 times their projected earnings because the Government WILL ALWAYS be able to bail them out.

That's both sides of the political spectrum endorsing irresponsibility

But you can't live like that. Government != God meaning that misconception can't last forever. Following that logic it means our society learns this lesson now or by some miracle gets by only to have the next generations face a collapse and learn it. Maybe it's time to feel some pain now so our Children and Grandchildren get the message that the Government can't always bail you out.

Re: Why the dollar is going to collapse

#9

I just hear it everywhere. I'm sure the whole world has too much at stake if US Dollar loses its value. The economy might stagflate for a while, but I believe it will eventually recover. After all, USA is the largest economy in the world.

So - you're saying that the USA is "too big to fail"?

Re: Why the dollar is going to collapse

#10
post #5

I just hear it everywhere. I'm sure the whole world has too much at stake if US Dollar loses its value. The economy might stagflate for a while, but I believe it will eventually recover. After all, USA is the largest economy in the world.

The USA does not have the largest economy in the world by far: http://upload.wikimedia.org/wikipedia/commons/7/70/Nominal_G...

But technically EU isn't a country right?
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