Quote Originally Posted by Sparky View Post
You don't want to be listening to people who make money reading financial tea leaves. They make money by telling you one thing, and then putting their money in the other direction.
Yeah, I know. Everyone's liar but you. But that's what everyone says. I'm trying to listen to all sides and piece together the truth. But right now I'm getting a resounding SHTF-soon signal and I'm looking for a some balance.

Quote Originally Posted by Sparky View Post
[The dollar has] lost 95% of its buying power over a century, and yet it remains the "go to" currency for the rest of the world.
That's been true since Bretton Woods, but apparently many countries HATE it, and want to do something about it. And China is making such a big shift in gold across the surface of the earth that the earth might shift on its axis. Why would China do that? Because they've been receiving payment for goods in depreciating dollars for decades to their great disadvantage and to our great advantage. And we label them "currency manipulators".

One of the things I've recently read is that China has signed agreements with 20 countries to do trade in its yuan instead of dollars, including Saudi Arabia where they buy oil. That's big.

Quote Originally Posted by Sparky View Post
The word "collapse" implies swift and complete disintegration.
Well, not complete. The citizens of Weimar could still buy things for a wheelbarrow full of currency. And they had lots of it.

But yes, some are predicting that the dollar will lose its reserve currency status and suddenly we'll have to buy yuan or some other currency to buy our oil and to trade with. But buying another currency with freshly printed dollars will be more difficult and expensive when other countries don't need them and are already irritated by having to suffer with them for so long.

Quote Originally Posted by Sparky View Post
4) Record high interest rates (above 20%) required to defend its failing integrity.
Another thing I've only recently learned is that the reason inflation is reported as being low is because they've taken food and fuel out of the equation. So apparently the two leading contributors to inflation are ignored when calculating it. Some have said current inflation would be perhaps 10% if it was calculated like it was in decades gone by.

I don't know, Sparky, I've been plodding along paying only a little bit of attention for most of my life but the fact that we're printing trillions of dollars with quantitative easing started to seem like such an incredibly stupid thing to do that I've started to pay attention and read about it. And oh good grief!

I hope you're right.