dollar collapse has started

[Large Sarge]

http://www.naturalnews.com/039744_US_dollar_collapse_Federal_Reserve.html

[JDRock]

hahahaaaaaaa bwaahahaaaa thanx sarge it made my morning.

[Carl]

This appears to have been written by someone who is just repeating what they've read...

[gunDriller]

based on how desperately they are pushing down Ag & Au paper prices ... another day, another Cartel paper raid.

Blythe must have got back to NYC from her spring skiing trip in Aspen.

[BarnkleBob]

Me thinks it is a big error to write-off the $ & UST's yet.... for instance when the "full faith" scheme fails, U.S. equities & corp bonds could be confiscated to back UST's & dollars.... when push comes to shove the political elites & their handlers will employ ANY schemes, legal, extra-legal or down right criminal actions to guarantee continuity of .gov... and HS & Patriot Acts are a fact to testify that resistance to the schemes will result in a boot to the neck! Caveat Emptor....

[Sparky]

The real dollar collapse (meaning the shocking one, and not the slow drain) won't occur until after its final glory during the Euro collapse.

[JDRock]

I hope your right sparky...

[madfranks]

The real dollar collapse (meaning the shocking one, and not the slow drain) won't occur until after its final glory during the Euro collapse.

I think you're right. The dollar, as weak as we know it to be, is still the strongest fiat currency in the world, and will be the last one standing.

[Sparky]

People often lose sight of the distinction to be made when talking about the "value" of the dollar.

First is the dollar's domestic purchasing power, or what we tend to think of as "price inflation". This is how much product we can buy with our USD. This value has eroded 95% over the last hundred years, mostly in increments of several percent per year, except for the 1970s went it took a few large annual jumps.

Second is the the value of the USD in the context of the global financial market. This is a "relative" valuation. Any USD depreciation can only happen as the result of someone else's fiat getting stronger. And a collapse of the USD would require that the USD is viewed as the weakest of the weak, or a total rejection of the fiat system. This could happen, but there are other dominoes that would have to fall first.

So we are fortunate in the U.S. that for either definition of the dollar, a collapse will not sneak up on anybody who is paying attention. In the case of inflation, the nominal (CPI lie) will not go from 2% to 20% in a year. It will go from 2% to 5% to 9% to 15% etc. In the case of the USD in the global financial market, it will not collapse until the Euro and the Yen have fallen. After that, all bets are off.

So the savvy folks at GSUS will have a series of signposts to watch in this slow train wreck, like the Cyprus bank robbery, or the Stockton bankruptcy. The rest of the world is trying to figure out if these things really matter in the big picture. Here, we already know that they are important stepping stones.

[Neuro]

Is it the dollar value of gold we are talking about?

[gunDriller]

i think the dollar collapse started about 1963-1964, related to 2 events -

coup d'etat related to assassination of JFK, who was big on honest money, 1963.

last year of silver coinage, 1964.


of course, it could reasonably be argued that it started in 1913 (?) or whichever year the Fed was created.

[Sparky]

Is it the dollar value of gold we are talking about?
The dollar value of gold captures both components: inflation (anticipated and realized) and relative currency weakness (compared to other currencies).

Plus a third component: market manipulation.

But market manipulation only occurs in spurts, with alternating direction.

[Large Sarge]

http://sherriequestioningall.blogspot.com/

[Sparky]

gunDrillier, I think dollar weakness started in 1913, with accelerated periods associated with the dollar being taken off the international (1933) and domestic (1971) gold standards. The occurrences of 1963-64 were significant pre-cursors to the 1971 devaluation.

A collapse is a well-defined event taking place over relatively short duration. That hasn't happened (yet). The pieces leading up to the event have been moved into position over the last 100 years, but we have so far avoided the event.