Jim Willie - Oncoming Dollar Devaluation and Collapse of US

[Shami-Amourae]

I'm unsure what to make of this, but it was an interesting listen. I don't know how much is true or not true.

Part 1:

http://www.youtube.com/watch?v=A2WlpdIt7Hg

Part 2:

http://www.youtube.com/watch?v=w9_tjYti-AQ

Part 3:

http://www.youtube.com/watch?v=PMWZ35pGBCQ

[osoab]

I will repeat, Bob Chapman considered him a horse's ass.

[Serpo]

I will repeat, Bob Chapman considered him a horse's ass.


Beats what comes out of the horses ass ,which is mainstream news.

[madfranks]

The dollar cannot be simply "devalued" via declaration or legislative fiat. The dollar floats on the world market; it is not pegged to anything. For it to be devalued it must first be pegged against another source of value from which to declare the devaluation. Unless by devaluation he means the slow erosion of value via inflation, in which case nothing's new under the sun.

[BarnkleBob]

The dollar cannot be simply "devalued" via declaration or legislative fiat. The dollar floats on the world market; it is not pegged to anything. For it to be devalued it must first be pegged against another source of value from which to declare the devaluation. Unless by devaluation he means the slow erosion of value via inflation, in which case nothing's new under the sun.

Of course the dollar is pegged.... to UST's! Thats the irony of the scheme. Under the legal tender laws you can pay taxes with dollars or you can purchase UST's with dollars.... the US Treasury is under obligation to provide dollars whenever a UST is surrendered, nothing else! No one know what a fiat dollar is or isnt, and if they do, there not telling anyone..... as far as I know its dollars for UST's, UST's for. dollars.....

[Ponce]

Well, as usual, I am the contrarian.....I already predicted the two different dollars with the debit-credit card following.

I told Agnut that by the UK making a deal with China that will push the other countries in Europe to do the same because thy know that the UK is not a stupid country........and yes about the trouble getting items from other countries and that's where my 110 bags from the thrif store will come handy......I saw it in Cuba and we will see it here...we will be a 3rd rated country.......and once again, you have to start with the education of the next generation and no one is doing anything about it......hence there will be nothing new to export where we will have no recovery.

V

[SWRichmond]

The dollar cannot be simply "devalued" via declaration or legislative fiat. The dollar floats on the world market; it is not pegged to anything. For it to be devalued it must first be pegged against another source of value from which to declare the devaluation. Unless by devaluation he means the slow erosion of value via inflation, in which case nothing's new under the sun.

Your statements contradict one another. "We're going back on the gold standard, at $10,000 per ounce". Do you think that would cause a dollar devaluation, by declaration? And in this economy, where everything, EVERYTHING, is an intervention, do you think that is impossible? It would be far easier to list those aspects of the economy, or even of life itself, which are still free than to list those things which are controlled and dictated.