This blog entry is not to spread fear or to spread conspiracies but rather to present information which might have a significant impact on your life if you have major investments invested offshore in Dollars.
Watch and make up your own mind: VIDEO
My question, what will happen with debt in dollars? IF the value of the dollar suddenly becomes worthless, will the debt be written off? The idea is to make a loan (in dollars) and buy gold, ride the wave a little bit and sell the gold just after the wave crashes. By pushing consumer debt even higher, you’ll effectively be helping the collapse of the dollar and when it does collapse, cash in from whichever commodity you invested in.
Can this work or is it better to not touch the Dollar at all?
If you want to watch it online, here are the embedded Google Video and Youtube Video:
Google Video:
Youtube:
Also see: Collapse of the US Economy, Dollar & Stock Market, what’s next?
I ONLY make dollars so if the dollar should crash I have to use those survival skills i’ve learned. Lol.
But i do think the dollar is going to crash
Guess I’ll need to find a way to trade my adsense money for something other than Dollars or fill up that $100 before the end of the month and convert it to Rands before it becomes worthless.
Guess it’s time to start finding alternatives to adsense or force Google to pay out in Rands instead of Dollars.
I wonder if what he says on the video about it happening in February will happen. That’s only a few days away. Interesting stuff.
I wouldn’t count on the exact date, that’s purely speculation in my opinion.
Have seen several blogs on digg predicting it to be within the following 6 months, guess we’ll have to wait and see!
Warren Buffet has been shorting the US dollar for over a decade now and the US deficit is eating away at the country’s wealth.
If you view a country as a company and its currency (as floating in the open market) as an indicator on how well the company is doing then it all begins to make sense.
US citizens spend more than they earn (historically and this lead to the sub-prime crisis). Any company that spends more than it earns will…go bankrupt. Hence, the long-term weakening trend of the dollar versus all major currencies. Obama will not remedy this culture problem.
Just for interest sake, commodity contracts for mines etc. are now having a “Euro Clause” inserted into them: basically, meaning that slowly the Euro is taking the place of the Dollar.
I actually blogged on this topic recently. It is going to be an interesting toss up between the power of “Obama-mania” and the reality that the financial crisis may prove to be the last straw to break the back of the US dollar.
A lot of talk about things like the Singapore Dollar, the Brazilian Real, Indian Rupee (wars aside) and the the Polish currency (Whats that about?!)
According to Snopes, the video is a hoax (probably the easiest way of killing conspiracies is by calling it a hoax via a “reliable” source), whether it’s a hoax or not, with the current US deficit, I can’t see how the US Dollar will escape a total collapse, maybe they can postpone it for a couple months, but it’s going to happen sooner or later.
We all know SOMETHING is coming and that the worst may be yet to come.
If you want to learn how to PREPARE for and GAIN from it check out the site:
(3w) prepareforandgainfrom (dot) {com}
Interesting site btw, pity I’m in SA (or maybe luckily), also had quite a number of ideas on how to cash in on the collapsing dollar.