US Economy is about to implode

Question

The USD will melt down, unlike we most of you can imagine

Any and all assets will go with it, if based on the USD or connected to performance of the US economy. You have a big fat 401k or IRA? Gone... as most stocks will take a 50-90% haircut. Oh yes the dollar prices of such stocks will go up, but that will do you very little good when a gallon of gas will cost $100.

If your net worth is in real estate, or gold or silver you will do better than most. If you hold foreign currency that is Basil III compliant you will do well. If you think that etf's of such assets will help you, will are in for a big disappointment.

You must hold the assets in your hand or in your safe, or have a deed to the actual land. Anything less is just a promissory note. Stocks of real solid blue chips will do ok... we are talking basic goods and commodities.

If you have debt, well don't worry about that. Soon owing $300,000 on your mortgage will be laughable. If you do not have debt, you should find debt somehow. Get those borrowed dollars and buy real assets now.

What to buy right now? Silver and Gold, my preference is Silver. Best choice will be to buy Iraqi Dinar... it will revalue to the upside soon. When it does, that will trigger the meltdown of the USD.

Banks and government treasuries all across the globe currently hold USD as the world reserve currency. Steps are already being taken to de-dollarize the economies across the globe. As trillions of dollars are being dumped, well you can see what happens when everybody is selling and nobody wants a falling currency.

You can thank our idiotic government over the past 50 years for pissing all over the USD and printing as if there is no consequences. Did you really think that being $18 trillion in debt would not have dire consequences?

Call me crazy if you wish... I am ready, are you?

SportsFan9698 · Answer

The USD will melt down, unlike we most of you can imagine

Any and all assets will go with it, if based on the USD or connected to performance of the US economy. You have a big fat 401k or IRA? Gone... as most stocks will take a 50-90% haircut. Oh yes the dollar prices of such stocks will go up, but that will do you very little good when a gallon of gas will cost $100.

If your net worth is in real estate, or gold or silver you will do better than most. If you hold foreign currency that is Basil III compliant you will do well. If you think that etf's of such assets will help you, will are in for a big disappointment.

You must hold the assets in your hand or in your safe, or have a deed to the actual land. Anything less is just a promissory note. Stocks of real solid blue chips will do ok... we are talking basic goods and commodities.

If you have debt, well don't worry about that. Soon owing $300,000 on your mortgage will be laughable. If you do not have debt, you should find debt somehow. Get those borrowed dollars and buy real assets now.

What to buy right now? Silver and Gold, my preference is Silver. Best choice will be to buy Iraqi Dinar... it will revalue to the upside soon. When it does, that will trigger the meltdown of the USD.

Banks and government treasuries all across the globe currently hold USD as the world reserve currency. Steps are already being taken to de-dollarize the economies across the globe. As trillions of dollars are being dumped, well you can see what happens when everybody is selling and nobody wants a falling currency.

You can thank our idiotic government over the past 50 years for pissing all over the USD and printing as if there is no consequences. Did you really think that being $18 trillion in debt would not have dire consequences?

Call me crazy if you wish... I am ready, are you?

wallstreetcappers · Answer

Nice copy and paste work.So you are saying when they some how revalue the IQD in some positive fashion, which goes against all rationale AND will undo the peg the IMF put the Dinar on, it will cause the USD to implode?You need to quit following those Dinar hype websites, until that peg is lifted and the region is secure and safe, the Dinar is stuck period.I dont get how you can rationally think that the Dinar will both revalue to some miraculous figure AND that it will cause the implosion of the dollar.

SportsFan9698 · Answer

no copy and paste WSC... I already know you want to refute anything I post.  Now anybody reading this thread knows it.  No reason to keep coming around here now, you stated your opinion.

wallstreetcappers · Answer

I am interested in your reply actually.What reasons do you have to expect the currency to have a positive reverse split that would sink the USD?Do you understand what the peg is, who placed it and how it will be lifted? The IQD has been pegged for how many years? What economically or politically has improved to the extent that the IMF would lift this peg and let it float on its own?Serious questions..I am not stating opinion, I am stating fact. The facts are the dinar is pegged by the IMF and in order to get this miracle revaluation it has to be unpegged and float freely, and in order to do that the economic and political environment have to drastically improve.So serious questions..what do you say?

wallstreetcappers · Answer

Here is a good article on reality...https://www.forbes.com/sites/jayadkisson/2012/07/30/you-cant-fix-stupid-the-iraqi-dinar-scam-lives/

dimndimn · Answer

Which is never. I am not knowledgable on this subject, but that seemed to be a pretty good article WSC.  The search to become rich continues..

SportsFan9698 · Answer

Gee I never considered to google iraqi dinar to see what major media articles are out there...I do agree with the assertion to the article, you cannot fix stupid

gfinger · Answer

I will see you at Dow 20,000.

StiflersMom · Answer

As crazy as this seems, I&#x27;m actually hearing the exact same thing, although no worded quite as "doomsday-ish", from people that I trust. I was sold at the end of the summer, we should start hearing about a new global currency.

collectNOW · Answer

You are delusional Sportsfan.........i&#x27;m not happy with our current Government either,but it is crazy to think our cash in the bank,ira&#x27;s,retirement,social security, etc will be taken from us. I also think GOLD is a way better investment than SILVER,but you might be looking at cost only. Although MY OWN BANKER thinks we will be trading soft commodities down the road  like coffee beans for meat,sugar for milk,wheat for a tank of gas etc. I think he is seeing pink elephants,but a bank branch manager would know more about finances than me! I think it&#x27;s ridiculous to think a  gallon of gas will ever be $100,and our Gov will never let the stock market crash. I am doing some small time day trading and bouncing apple stock   around week to week,cashing out and using that dough for pocket money. I buy safe stocks like utilities,railroad,  boeing, and pharmaceudicals  for long term assets and reap the dividend payouts every 3 months and use that to buy more stock. Life is good if you stay conservative and protect what is yours. I hope your rant was you just being facetious

Jose_Reyes · Answer

Normalcy bias.  Can&#x27;t happen to us.  I&#x27;m not saying that I 100% agree with the OP, but to believe those 2 statements in bold is a bit naive.

Louis_IV · Answer

The market is breaking records right now so all kinds of theorists are calling for a crash.  I&#x27;ve been hearing this for about 2 years.  My financial advisor at a very large bank told me it 2 years ago as well and convinced me to have them manage my money in very conservative risk accounts.  It goes up or it goes down.  I think it will pullback just because I am mainly a negative person and think it must come back down.  Crash, doubt that, healthy pullback yes.  It cant just keep going up.

HutchEmAll · Answer

People have been saying this for YEARS. Even the folks at "On Line Trading Academy" had to change their radio commercials because the "here comes the crash" kept making them look like morons.

Adjustment coming? Probably. Crash? Who knows. But for me, this doom in gloom is largely from people who missed out on the gravy train and are just bitter.

I guess eventually they might be right, but don't cry if you didn't take advantage of the recent years.

Jose_Reyes · Answer

I didn&#x27;t mean to come across as one of those doom and gloom type guys.  I just think it&#x27;s absolutely wrong to think that our government will always take care of us, and that the great ole US of A can&#x27;t experience hardship.  The stock market has crashed before.  A great depression has happened before.  To think it can&#x27;t happen again makes no sense to me.

esplanade · Answer

Gas will never be $100 gallon?? Really. Do you remember when it was 25 cents a gallon? It wasn&#x27;t that long ago. Either you&#x27;re too young to know better or you&#x27;re senile and have forgotten.

TheGoldenGoose · Answer

Please, no depression until July 2015, when I will be safe and sound in Belize.

collectNOW · Answer

[Quote: Originally Posted by esplanade]

Gas will never be $100 gallon?? Really. Do you remember when it was 25 cents a gallon? It wasn't that long ago. Either you're too young to know better or you're senile and have forgotten.
[/Quote Esplande.....I am neither! I am old enough to remember and young enough to enjoy

As for your comment.....let's do the math. In 1946,a gallon of gas was .25 cents and was $1 in 1980. It is now $3.80 on average and around $4.15 in Cali. It took 34 years for it to quadruple from 1946 to 1980,,and another 34 years for it to quadruple again in 2014.So in 34 more years(2048) it will be around $16 bucks a gallon.I doubt it will ever go above $6 bucks a gallon as they are predicting all cars will average 50 mpg in 10 years.As vehicles become more efficient,the demand will fall.Ever heard of natural gas for cars? A barrel of oil is just over $106 bucks and they can produce 19 gallons of gas per barrel,so for it to even go above $6 bucks a gallon on average is a stretch. Yeah,i guess in 100 years it could be $100 bucks a gallon in your world,but will you,me,or anyone living now really care?

US Economy is about to implode

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