The inevitable collapse of the dollar.
Thanks Bush, Greenspan and Bernanke
Bernanke: There’s No Housing Bubble to Go Bust
http://www.washingtonpost.com/wp-dyn/content/article/2005/10/26/AR2005102602255.html
“The basic prescription for preventing deflation is straightforward, at least in principle: Use monetary and fiscal policy as needed to support aggregate spending, in a manner as nearly consistent as possible with full utilization of economic resources and low and stable inflation. In other words, the best way to get out of trouble is not to get into it in the first place.”
“The sources of deflation are not a mystery. Deflation is in almost all cases a side effect of a collapse of aggregate demand.. a drop in spending so severe that producers must cut prices on an ongoing basis in order to find buyers.”
“The economic repercussions of a stock market crash depend less on the severity of the crash itself than on the response of economic policymakers, particularly central bankers.”
“A collapse in U.S. stock prices certainly would cause a lot of white knuckles on Wall Street. But what effect would it have on the broader U.S. economy? If Wall Street crashes, does Main Street follow? Not necessarily.”
Duration : 0:7:7
[youtube GvtlyYN8LUw]
Also, I think …
. One reason why inflation is so high is because of our population. Close the borders all ready, its getting very much out of hand. China’s GDP per capita is about 5000+, and they still have rampant unemployment and over 80 million people are in poverty. A direct result of overpopulation.
Also, I think this’ll open peoples eyes to POPULATION CONTROL
If people are …
If people are really worried about the value of the dollar, invest in highly liquid commodities, like gold for example. Right before the sh*t hits the fan, emmigrate to another region and convert to their monetary standard.
For the rest of us, we simply need to start producing more affordable commodities here. Especially what we rely on…oil, maybe ethanol…fuel. Food for US. Fad Clothing and tech. can wait, and will have to, for us to bounce back. Oh yeah and maybe the feds need to go.
Who kept the US …
Who kept the US economy going? I know, I know!! The Mises Institue!
Euro’s, Oil, Gold, …
Euro’s, Oil, Gold, Silver, AusieDollars, Yuan, Copper…Oh yea tha Future Looks Bright…I goota wear shades..ha..ha..Lol.
Im British & well …
Im British & well educated but i have relised that we have all been living a dellusion.
I will have to start with nothing, and move into a house under worse conditions.
Its the end of the Thatcherite & Reganite Dream HAHA
look…currencies …
look…currencies sometimes collapse! the pound collapsed in the 1980′s. By 2006 the pound was one of the strongest cuurencies in the world. Now its dropping again. Devaluation helps the deficit. Eventually it will come back. Don’t panic. Americans panic to much! Don’t panic stay calm. Its not the end of the world. Breathe the air …money is not everything.
We’re all really …
We’re all really screwed. I think the only people who realize this are Mr. Shiff, the people watching this video, and a couple dozen other people.
Great Depression …
Great Depression Number Two… Me and My Brother said we are gonna just Garden for ourselves haha =) But really… the Depression is somewhat already beginning =/
dammit,
we need …
dammit,
we need everyone to support Bill # H.R.2755
Contact your local Congressman and write him a letter to sponsor Ron Paul’s bill:
Bill # H.R.2755
This will repeal the Federal Reserve Act!
Ron Paul is our only hope to freedom, liberty, and true free markets!
GOOD LUCK TO ALL!
this is from a …
this is from a dutch documentary “de dag dat de dollar valt”
If oil is traded in …
If oil is traded in dollars, other countries have to buy up on the dollar increasing its value. If OPEC switches to the Euro this is going to come sooner than later.
The Australian …
The Australian dollar has surged above $US0.9400 for the first time in 23 years after the head of the US central bank said the US economy had worsened
Scary stuff. If it …
Scary stuff. If it goes the way he’s predicting, we’re in for some real tough times ahead.
Hells yeah. Good …
.
s yeah. Good book. He touts his brokerage quite a bit, but hey he’s a capitalist
Anybody read Crash …
Anybody read Crash Proof?
peter schiff is a …
peter schiff is a god
That was perfectly …
That was perfectly put! Ron Paul has been telling us this all along !
That was terrific, …
That was terrific, thanks so much for taking the time to edit it so well. Hearing people from other countries gave it much more authority.
damn war now we all …
war now we all have to suffer for it