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Why the dollar is going to collapse

angloaustria.blogspot.com

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Re: Why the dollar is going to collapse

#11

Post by Retric »

jacquesm wrote: post #5
socratees wrote: post #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.

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

The EU, is far from a single country. Each state still handles it's own treaties with the rest of the world.

Looking at: http://en.wikipedia.org/wiki/File:Supranational_European_Bod... European economic zone is a larger economic group. And the UN is even larger, but hey that's another story.

Re: Why the dollar is going to collapse

#12

Post by colins_pride »

jacquesm wrote: post #5
socratees wrote: post #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.

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

It took a lot of self-restraint to keep me from downvoting-this-because-I-disagreed-with-it

Re: Why the dollar is going to collapse

#13

Post by derobert »

The Fed now pays interest on reserves (new as of last fall). When the Fed wants to pull that money out, it can (1) raise the interest rate on reserves, thus encouraging banks to hold the reserves and (2) sell the assets it bought to raise the monetary base.

Looking at, for example, the current yield on treasuries shows very little inflation expectations.

Re: Why the dollar is going to collapse

#14

Post by biohacker42 »

I am sure we'll see increased inflation, will it go as high as it did in the 70s-80s maybe. But this article is claiming the sky is falling. Oooh look scary charts, never mind what velocity of money is or how it works, or that the Fed can increase AND decrease the money supply, just look at those scary charts!

Re: Why the dollar is going to collapse

#15

Post by biohacker42 »

jacquesm wrote: post #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 ?

More like sensationalist doomsday headline stuff.

Re: Why the dollar is going to collapse

#16

Post by rwolf »

This "flying up impossibly at the last minute" is a feature of graphs of national debt (http://images.google.com/images?q=national+debt), but it's also a feature of graphs of US furniture sales.

I'm not saying the US dollar is fine. I'm just tired of people using this kind of graph to try to make a point.

Re: Why the dollar is going to collapse

#17

Post by ivankirigin »

jacquesm wrote: post #5
socratees wrote: post #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.

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

The EU has 2.6 times the population, and isn't a single country.

Re: Why the dollar is going to collapse

#18

Post by jacquesm »

socratees wrote: post #10
jacquesm wrote: post #5

Earlier quoted context omitted.

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?

Technically the USA isn't a country but an agglomeration (federation) of states.

Originally the EU was fully called the European Economic Community, the goal was to form a single economy. Whether or not it is a single country is not an issue here, the OP spoke about 'economy', not about 'country'.

Re: Why the dollar is going to collapse

#20

Post by colinplamondon »

teilo wrote: post #9
socratees wrote: post #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.

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

Worked for AIG, it's just that the acquirer (the United States government) got a majority ownership stake. I don't see a reason that the same couldn't hold true on the nation-state level.
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