The Day the Dollar Died

[CJay8]

A newly released short-film by the National Inflation Association gives us a preview of what the first 12 hours of a US dollar collapse may look like.

http://www.youtube.com/v/2N8gJSMoOJc&hl=en_US&feature=player_embedded&version=3

[Horn]

What, No Don McLean track?

http://www.youtube.com/watch?v=tr-BYVeCv6U

[gunDriller]

it's good - worth watching.

i think it's pretty realistic. many of the trends it shows, are already in progress.

China is already reducing their holdings of Treasuries ... China & Russia have FINALLY learned how to trade without using the US $.

and, because we have The Internets, collapses that previously would have taken years can now happen in hours or days.

of course it doesn't hurt (the scenario) that they're printing money at the rate of roughly $200 billion a month.

i still think a "hyperinflation lite" is the least painful way out of our economic problems - for the US.

i also like the idea of "Kol Nidre" or "Jubilee" - the forgiveness of debts.