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| The Demise of the Dollar | |
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| Tweet Topic Started: 7 Oct 2009, 11:39 PM (200 Views) | |
| Ryan | 7 Oct 2009, 11:39 PM Post #1 |
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Imperator
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http://www.independent.co.uk/news/business...ar-1798175.html Incredible news that this is finally going public. The last nails are being driven into the dollar's coffin finally. Maybe now people will wake the fuck up. Something big has to come next - war or total economic collapse (cause we sure as hell know that Congress and the Fed aren't going to take the third option and actually fix the economy). |
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| Ares™ | 8 Oct 2009, 12:04 AM Post #2 |
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Premier
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Seems interesting...though I don't think a war will result from this. I mean, the USA in it's current state could not take on China AND Russia, as well as whoever else decides to back them. So I guess it's time I start learning some Mandarin or Cantonese, eh? |
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Ares™ "Majority rule only works if you're also considering individual rights. Because you can't have five wolves and one sheep voting on what to have for supper." Larry Flynt | |
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| KamikazeCow | 8 Oct 2009, 12:14 AM Post #3 |
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Don't Feed The Animals
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Too late to invest in the peso?
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| Benthamus | 8 Oct 2009, 01:33 AM Post #4 |
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Freedom lover
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The US could quite easily take on Russia and China if it engages in the unthinkable - nuclear war. |
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| Alkeni Synair | 8 Oct 2009, 05:57 AM Post #5 |
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Redefining Evil
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Other nations in the world have had crappy currencies. They ain't dead. We'll manage. I doubt that this is a permenant thing. The US deserves to share the pain for a bit. |
| Work in progress. | |
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| Jon Testmaker | 8 Oct 2009, 07:39 AM Post #6 |
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Councilor
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The best way to solve this issue would be to reattach the dollar to gold, and stop - you know - printing ten billion dollars a day. |
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“f you don’t [stop Medicare] and I don’t do it, one of these days you and I are going to spend our sunset years telling our children and our children’s children what it once was like in America when men were free.” [1961] - Ronald Reagan “Having given our pensioners their medical care in kind, why not food baskets, why not public housing accommodations, why not vacation resorts, why not a ration of cigarettes for those who smoke and of beer for those who drink.” [1964] - Barry Goldwater “I was there, fighting the fight, voting against Medicare ... because we knew it wouldn’t work in 1965.” [1992] - Bob Dole | |
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| Ares™ | 8 Oct 2009, 03:03 PM Post #7 |
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Premier
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Sorry, by "take on" I meant fight a war and actually not sustain the same damage it inflicts. |
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Ares™ "Majority rule only works if you're also considering individual rights. Because you can't have five wolves and one sheep voting on what to have for supper." Larry Flynt | |
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| Wraith | 8 Oct 2009, 09:04 PM Post #8 |
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Preparing for the Second Coming
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If the world goes to war with China and Russia on one side and NATO on the other, NATO would win. |
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| The Conqueror | 8 Oct 2009, 09:27 PM Post #9 |
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Senator
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yeah I read something about this. This is truely interesting. There has been a lot of talk of late of global currencies, NA currencies and such. Personally I think it is inevitable that the US dollar is replaced in some way, beit only in the US with a new currency, a NA dollar for the proposed NA union, or some world currency down the road. In the years to come we will see a different world, maybe the "new world order" is coming, faster then we think. |
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Wealth, Dominance, Power! My Country Home Go Canucks Go!!! Engage PC - All about PCs, games and technology | |
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| Astro_Death | 8 Oct 2009, 09:45 PM Post #10 |
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Biggest Backstabber
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Or maybe the dollar is lulling us all into its master plan
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"Nothing in democracy is perfect." - Oscar Arias "I cant stand idly by while poor people get free food! We gotta sell these things!" - Bender "Finally, we'll have something more reliable than a government document!" - Stephen Colbert "Justice may fail in one's lifetime, but it will eventually win in the cours"e of history." - Kim Dae-jung "Trying to have a conversation with you would be like trying to argue with a dining room table. I have no interest in doing it." - Barney Frank "Nobody knows we're here... so...let's wreck the joint!" - Tommy Tiernan, on the Universe | |
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| KamikazeCow | 9 Oct 2009, 12:03 AM Post #11 |
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Don't Feed The Animals
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| Benthamus | 9 Oct 2009, 02:34 AM Post #12 |
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Freedom lover
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We've been discussing this in macroeconomics. The US dollar last year made up 86% of the worlds financial transaction. Perhaps over a a few years it might change, but I don't see it happening soon. |
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