Dumping Of US Dollar Could Trigger 'Economic September 11'
There is a potentially fatal flaw at the heart of the global economy

by crackerjack25 1830 Reads
on Tue Aug 30 2005 Add to your ClipSwarm
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casmharTue Aug 30
 
Scary Shit
Time to buy gold
 
 
shitboxTue Aug 30
 
an 'economic sept 11' is similar to teh REAL sept 11th, just with less powdered WTC buildings.
 
 
CrackalackinTue Aug 30
 
No dude. You will see the prices RIZE insteal of buildings FALLING. This thing's going to happen, too, due to gas prices if nothing else. The signs of 'economic growth' you have seen since 2001 were due to people living on debt -- but the time to collect is very soon.

I have been looking into foregin currency accounts, but can't quite decide on what to convert my meager stash to. Gold is a gimmick (it prices are only so high because of the recent Japanese craze), Yuans are promising but risky (and banking is very complicated), Rupees will begin their fall very shortly (outsourcing there is declining), Euros are a freaking dice roll (it's such a complex government, I can't ever figure out what the devil they are going to do next). Beer caps? Any better ideas?

Of course, you could blame me for being unpatriotic. But I have recently heard of an account of a dude from Agentina, how his family lost the savings of 4 generations because of a fucked-up government. And I know another very vivid story of something painfully similar
taking place in another country. And I am thinking I would be a damned idiot if I dismiss the (rather good) possibility of collapse and then be fucked over.
 
 
SexNinjaTue Aug 30
 
Never Forget.
 
 
ghostriderTue Aug 30
 
i'm converting my cash to oxycontin

 
 
DonQuixoteTue Aug 30
 
^^ Tee Hee

All,
This is why god created 'hedging' , wherein one balances their potfolio so that if one stock/currency/frozen concentrated orange Juice price falls the other rises. Win Win. Hooray for complex mathmatics cause thats the only way you will figure out how to do this with any efficacy. The big money folks here in teh U.S of A already caught on to that years ago.

However, if you really want something to invest in that will only gain in value that would be...*pause for effect*.....*more pausing*.....*Pause just for shits and giggles*... LAND. No one is ever going to make more land and no one will ever find more land. It is the only truly precious comodity. Think of masloves heirachy of needs.

However if you have tiny small supper little funds stay away from currency alltogether and stick with an aggressive growth fund. Don't bother making tiny ass trades which will depleat your portfolio faster than it can accrue equity.

Also, If a selloff of US currency ever did start to happen (highly unlikely because everyone has their thumb in the same pie) the US would close down shop until the frenzy dies down. Its a stop gap mesure already in place.

That's my two cents.

BTW - if you put 'Butt' in front of 'Crackalackin' you get ButtCrackalackin. Tee Hee.
 
 
DumbskullTue Aug 30
 
I am so poor, that this will not effect me in the least!
 
 
mofoTue Aug 30
 
The best strategy to is to put your money into buying books on looting. Thus, when the economic 911 comes, you'll be the go to guy for looting.
 
 
IMBOLCPunxsutawneyPhilTue Aug 30
 
SFW actually has a synapse or two that fire with lucidity! glory be.

This policy wonk is fucknuts! regan era weevil burrowing back into the limelight to pitch his book.

Teh other truths are that the fed is a private entity established by some rich banker types to keep their asses rolling in the dough. Sure at one time it was the gold standard, but we replaced that with total fiat currency--and made the whole smokescreen so complex that you can't understand the value of a dollar.

The dollar can't collapse due to several factors, one being that it doesn't matter one shit about america--the money is in the international banking trade, them folks won't let it happen.

Greed is the ultimate financial motivator.
 
 
CrackalackinTue Aug 30
 
What stopgaps? I'd like to know, please.
 
 


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