David Morgan "the beginning of the end for the Dollar is here"

[Large Sarge]

http://www.silverdoctors.com/the-beginning-of-the-endgame-for-the-us-dollar/

[Ponce]

The "end" of the dollar is the start of the end of America.......will America then open up all the concealed oil wells that we have?

V

[Sparky]

Anyone want to offer an explanation of what it means for the Dollar to end? How will we know when it has happened?

[Ares]

Anyone want to offer an explanation of what it means for the Dollar to end? How will we know when it has happened?

My guess is when the oil producing countries no longer accept dollars and accept either gold / bitcoins / or a basket of currencies. No demand for dollars, *poof*

And................. It's gone.

[MNeagle]

oh you'll know... "Bank Holiday" for starters I'm sure.

[Shami-Amourae]

Anyone want to offer an explanation of what it means for the Dollar to end? How will we know when it has happened?

My opinion is it (the Dollar) would no longer be the world standard. Something else would take its place. That would mean the Fed couldn't just print money and get whatever they wanted with it.

[Sparky]

My guess is when the oil producing countries no longer accept dollars and accept either gold / bitcoins / or a basket of currencies. No demand for dollars, *poof*

And................. It's gone.

If stores still give me stuff in exchange for dollars, what does it matter to me that the oil producers do not? What will the gas station ask from me in return for gasoline?

[Sparky]

My opinion is it would no longer be the world standard. Something else would take its place. That would mean the Fed couldn't just print money and get whatever they wanted with it.

So all other currencies are considered "ended", simply because they are not the world standard? The Chinese Yuan is of no value or significance? Euros, pounds, Canadian Dollars...they are without value? Have they "ended"?

[Sparky]

oh you'll know... "Bank Holiday" for starters I'm sure.

While the bank is closed, the grocery store will not accept my FRNs, because the Dollar has ended? I don't think so.

[Ares]

If stores still give me stuff in exchange for dollars, what does it matter to me that the oil producers do not? What will the gas station ask from me in return for gasoline?

When the gasoline being sold for $400.00 per gallon and you haven't had a pay raise to keep up with inflation it'll matter. :)
In Zimbabwe and going back further Wiemar Germany, they traded goods and services to do business. There's nothing stopping the population from deciding on the medium of exchange. In all practicality the dollar ended the day Nixon severed the gold standard and allowed it to float.

It's been on life support for 40+ years now.

[Sparky]

When the gasoline being sold for $400.00 per gallon and you haven't had a pay raise to keep up with inflation it'll matter. :)
...

Wait. You said when gasoline is being sold for 400 what? Dollars? But I thought the Dollar had ended?

[Sparky]

$400 gasoline is only a devaluation of 90%. The USD has been devalued by 95% in the last century. Yet the stores continue to accept them in exchange for their merchandise. The coin store will still give me their gold and silver if I give them Dollars. Even after 95% devaluation. So what marks the end?

[Ares]

Wait. You said when gasoline is being sold for 400 what? Dollars? But I thought the Dollar had ended?

You're taking the literal sense of ended. The dollar could die tomorrow and there would still be a lot of it left in circulation. just because it dies doesn't magically make the current ones in existence disappear. Besides you and I both know that the population only knows how to value goods and services in "dollars".

So $400.00 was figurative. Realistically I could see it priced like this 1 gallon of gasoline for 2-3 gallons of milk, or 3 hours of work around the gas station cleaning, stocking shelves, guarding the pumps. etc.
The dollar ending just means it's no longer a trusted medium of exchange and people decide to ignore the legal tender laws and do business as they see fit. Especially if it becomes so undervalued to be practically worthless.

[Sparky]

You're taking the literal sense of ended. The dollar could die tomorrow and there would still be a lot of it left in circulation. just because it dies doesn't magically make the current ones in existence disappear. Besides you and I both know that the population only knows how to value goods and services in "dollars".

So $400.00 was figurative. Realistically I could see it priced like this 1 gallon of gasoline for 2-3 gallons of milk, or 3 hours of work around the gas station cleaning, stocking shelves, guarding the pumps. etc.
The dollar ending just means it's no longer a trusted medium of exchange and people decide to ignore the legal tender laws and do business as they see fit. Especially if it becomes so undervalued to be practically worthless.

I am trying to remove the confusion between inflation and using the dollar as a medium of exchange. I think the dollar will have ended or "be dead" when it is no longer accepted as a medium of exchange. You gave a very good example of exchanging goods, or exchanging goods for labor. To me, this is a clear definition of a dead dollar. Or if goods are only exchanged for other fiat currency, and not dollars.

This is why I think that the "end of the dollar" is a total misconception. What I don't like about it is that it implies that the USD is particularly vulnerable to our unstable fiat money system, when in fact it is the strongest. People say it is "backed by nothing", when in fact it is backed by the U.S. military. It's demise can't really happen until such time that the military cannot defend it. Even then, it will need to be replaced by something else before it can truly be declared dead, either by barter as you described, or by another medium of exchange.

If we are carrying the torch of knowledge to the "sheeple", we need to be more precise about what we say, or we will also be guilty of ignorance. If we think the financial system is going to collapse, we should be talking about the end of fiat currency, and not the specifically the USD, which in all likelihood will be the last fiat currency standing.

[7th trump]

You guys are nuts!
The US dollar has been around since the 1700's....its not going anywhere unless of course it goes away intentionally to bring in the NWO currency.

Whats the big deal if the dollar loses it world status....it didnt have a world status in the 1700's, the 1800's and for most of the 1900's.
Me, I personally would like to see it lose its world status to help bring back what America once was.
Yea sure it'll be a pain to get through but America will recover and be prosperous as it once was.

[Serpo]

but but but this is the best paper and ink available ,nothing can replace this...........

printed with the very best printers...........something is very wrong here............





since 1913 the dollar is worth only 4c...........hahahahaha........4c.........hahahaha ..................4c




http://beforeitsnews.com/contributor/upload/5385/images/economy-collapse-dollar.jpg

[Uncle Salty]

You guys are nuts!
The US dollar has been around since the 1700's....its not going anywhere unless of course it goes away intentionally to bring in the NWO currency.

Whats the big deal if the dollar loses it world status....it didnt have a world status in the 1700's, the 1800's and for most of the 1900's.
Me, I personally would like to see it lose its world status to help bring back what America once was.
Yea sure it'll be a pain to get through but America will recover and be prosperous as it once was.

You are correct. The US dollar will exist, but it will cease to be the world's reserve currency. And when that happens and the all the dollars come flooding back to the US, we will see hyperinflation, which will be a good thing. We then get to start over with real capital finding ways to create wealth rather than paper debt distorting the markets.

[osoab]

Didn't Morgan say the same thing in 07, 08, 09, 10, 11, 12...

[Jewboo]

How will we know when it has happened?



When our last aircraft carrier is sunk.

[Jewboo]

...to help bring back what America once was.



Pogrom?

[Sparky]

You are correct. The US dollar will exist, but it will cease to be the world's reserve currency. And when that happens and the all the dollars come flooding back to the US, we will see hyperinflation, which will be a good thing. We then get to start over with real capital finding ways to create wealth rather than paper debt distorting the markets.

What's the minimum annual inflation rate that would qualify as hyperinflation?