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Author Topic: What would you do if the US Dollar crashed ?  (Read 4067 times)
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December 01, 2014, 09:10:27 AM
 #1

I keep hearing from people more knowledgeable and educated then myself that the USD doesn't have much life left in it.
While I like to keep a sizable usd reserve to buy up cheap Bitcoin when the opportunity presents itself, I wonder what would happen if the dollar went down hard.

Since BTC/USD is a pair, obviously, that would mean that the relative value of Bitcoin would rise. But then there's the other fiat currencies that can trade to Bitcoin, directly or not.
I imagine there would  be huge arbitrage opportunities for a while, and probably amazing panic buying, driving Bitcoin ten times higher then today ( probably a VERY modest guess.

What would be the wisest course of action ? Keeping reserves in Euro's to buy Bitcoin the moment the news of a dollar crash hits ?
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December 01, 2014, 09:19:16 AM
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Trade in Bitcoin, Gold and Silver, my objective right now is to pretty much only get Bitcoin and then I'll buy up precious metals, silver being the cheapest right now.
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December 01, 2014, 09:37:05 AM
 #3

No matter how many people think the USD will fail, it will not.

To answer your question, I will just buy a load of USD with my EUR.

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December 01, 2014, 09:40:13 AM
 #4

I will just buy a load of USD with my EUR.

You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.
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December 01, 2014, 09:46:14 AM
 #5

I will just buy a load of USD with my EUR.

You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.

I don't think that they're going for a gold backed currency, Max Keiser's theory of a world 'digital' currency sounds a lot more plausible they'll probably blame paper for it and then claim that they need to digitise everything in order to keep to their targets better. Basic rule of keeping your wealth is this, don't invest in anything that is easily controlled by governments, especially if it's under control of the U.S.

Going for a gold backed currency would actually be a responsible move, but good luck getting any of the current leaders to do that.
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December 01, 2014, 09:50:31 AM
 #6

I will just buy a load of USD with my EUR.

You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.

I don't listen to news sites and people who are hoping that the USD will fail. It just won't happen.

If there is a significant price drop I will definitely buy up USD. Great investment opportunity.

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December 01, 2014, 09:51:51 AM
 #7

I will just buy a load of USD with my EUR.

You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.

I don't listen to news sites and people who are hoping that the USD will fail. It just won't happen.

If there is a significant price drop I will definitely buy up USD. Great investment opportunity.

LOL!
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December 01, 2014, 10:34:55 AM
 #8

I would buy the new "Strong dollar" which is backed by corn.


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December 01, 2014, 10:47:42 AM
 #9

maybe euro is good but i have suggest to u for buy bitcoin

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December 01, 2014, 11:50:37 AM
 #10

Mix of currency assets. Would want to own a diversified portfolio of physical commodities as well. Zero leverage across portfolio.

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December 01, 2014, 12:00:51 PM
 #11

That would finally given me the relief from bankers and wall street.

Would have kissed my wife and went sleep . BTC rule!!!!

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December 01, 2014, 01:20:53 PM
 #12

I will just buy a load of USD with my EUR.

You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.

I don't listen to news sites and people who are hoping that the USD will fail. It just won't happen.

If there is a significant price drop I will definitely buy up USD. Great investment opportunity.

LOL!

What's so funny ?

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December 01, 2014, 01:24:13 PM
 #13

It won't fail
Why
Because
Because what
Because because.

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December 01, 2014, 01:30:25 PM
 #14

I will just buy a load of USD with my EUR.

You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.

I don't listen to news sites and people who are hoping that the USD will fail. It just won't happen.

If there is a significant price drop I will definitely buy up USD. Great investment opportunity.

LOL!

What's so funny ?

Because nothings funnier for me lately than seeing people in denial about a crashing global economy because it just shows how little you guys live in the real world.
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December 01, 2014, 01:40:19 PM
 #15

Change it with Euro

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December 01, 2014, 01:42:03 PM
 #16

I will just buy a load of USD with my EUR.

You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.

I don't listen to news sites and people who are hoping that the USD will fail. It just won't happen.

If there is a significant price drop I will definitely buy up USD. Great investment opportunity.

LOL!

What's so funny ?

Because nothings funnier for me lately than seeing people in denial about a crashing global economy because it just shows how little you guys live in the real world.

Not sure if you're aware of the fact that people do have different opinions.

One thinks the world economy will crash in the near future, and the other don't.

I don't see a reason why the USD won't survive, every action will be taken to get it through whatever recession there is at that moment.

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December 01, 2014, 01:42:27 PM
 #17

Well Crushing of USD means "Russia and/or China" got the leadership of the world, so I would buy Russian Ruble or China Yuan Grin
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December 01, 2014, 02:27:30 PM
 #18

I keep hearing from people more knowledgeable and educated then myself that the USD doesn't have much life left in it.
While I like to keep a sizable usd reserve to buy up cheap Bitcoin when the opportunity presents itself, I wonder what would happen if the dollar went down hard.

Since BTC/USD is a pair, obviously, that would mean that the relative value of Bitcoin would rise. But then there's the other fiat currencies that can trade to Bitcoin, directly or not.
I imagine there would  be huge arbitrage opportunities for a while, and probably amazing panic buying, driving Bitcoin ten times higher then today ( probably a VERY modest guess.

What would be the wisest course of action ? Keeping reserves in Euro's to buy Bitcoin the moment the news of a dollar crash hits ?

I don't think dollar would ever drop too much in its price. Its one of the strongest currency in the world and the chance of it dropping would mean a world wide financial problem.

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December 01, 2014, 04:39:19 PM
 #19

What would be the wisest course of action ? Keeping reserves in Euro's to buy Bitcoin the moment the news of a dollar crash hits ?

If USD crashes - and I really do not see it in even long term - it will be together with other fiat money.

When it happens, there will be already alternative system like BTC or Googlecurrency or whatever else widely accepted as money.
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December 01, 2014, 06:53:58 PM
 #20

What would be the wisest course of action ? Keeping reserves in Euro's to buy Bitcoin the moment the news of a dollar crash hits ?

If USD crashes - and I really do not see it in even long term - it will be together with other fiat money.

When it happens, there will be already alternative system like BTC or Googlecurrency or whatever else widely accepted as money.

Not a single fiat currency has lasted the test of time, not a single one.  Every empire has fallen..  Time has a way of erroding even the strongest pillars. 
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December 01, 2014, 07:20:26 PM
 #21

1. It is nonsense. Many fiat money were simply renamed, but held certain value. If you rename a currency it is not end of the original currency. The story how none of fiat money survived is utter bullshit. They lost most of the value, but holding value is not the only attribut of currency and it is overvalued factor.

2. Historical data do not tell anything to recent situation. USD is strong. People around world believe in fiat money, they use them, they save their retirement pensions in them. If you want to buy a house or gas or milk, you use it as well. If you deny it, then you are in asylum and someone connected computer there.

On the top of that US economy is in lesser shit than rest of world, so there is raising USD against other currencies.

USD and fiat money will vanish somewhere after value of the money in Bitcoin will be MUCH greater than monetary base of the fiat money. This means until we see rate 1 BTC = XXX,XXX USD, dollar is not going to crush.
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December 01, 2014, 08:00:01 PM
 #22

Since BTC/USD is a pair...

No. Far from it. Bitcoin's value is hardly related to the U.S. dollar's health. There was no link between BTC's huge rise and then its fall earlier this year and the dollar.

Regarding your question, I haven't had a dollar in my hand for about 5 months, so I wouldn't do anything if it crashes, but I'm not expecting that. With millions of successful workers and the US army behind it, the dollar remains much stronger than BTC for the foreseeable future.

If you're looking for a trading/lending place, better avoid Poloniex, as it socializes losses. Learn more about it on this topic.

If you want to trade, I recommend you use Bitfinex.
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December 01, 2014, 10:59:53 PM
 #23

I would buy the new "Strong dollar" which is backed by corn.


which is backed by my poop, and maybe yours.
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December 01, 2014, 11:09:02 PM
 #24

No matter how many people think the USD will fail, it will not.

To answer your question, I will just buy a load of USD with my EUR.

USD (and many currencies) used to be backed by gold.
All other currencies are backed by USD.
USD is no longer backed by gold.

If USD crashes, all other currencies crashes.
And you are trying to buy some trash with trashes.
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December 01, 2014, 11:49:56 PM
 #25


I don't listen to news sites and people who are hoping that the USD will fail. It just won't happen.

Would care to elaborate on the reasoning that brought you to this conclusion ?

I think I know why it's not failing right now despite the massive expansion (x5) of the USD "coin supply", but I can't see those conditions sustainable for a long period.

For example, what makes you so confident that the trillions backed up on Fed balance sheets, or the Chinese held $1T in USD bonds or the Japanese held $1T in USD bonds or the huge amounts of dollar denominated sovereign wealth funds held by the Gulf region countries won't find their way back out into the markets ?
 
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December 02, 2014, 12:26:01 AM
 #26

I can't see those conditions sustainable for a long period.


Even Greenspan did not believe, that what he created can be that sustainable. Amazingly it is over 2 decades. And that is not short period.

Question is how the money has to find the way to markets. If things will be like now, it is rational to think that nothing will change. Money can go to markets if the super rich people and corporations would like to move from speculative markets to lower floors of more real economy. But I do not see why this should happen. There is no ROI, markets are saturated.
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December 02, 2014, 12:48:56 AM
Last edit: December 02, 2014, 01:06:33 AM by toknormal
 #27


Even if certain contributors on bitcointalk don't think this is going to cause a problem, some big nations sure do - namely the Chinese, Russians and Indians who've been hoovering up all known gold supplies around the world for the last 3 years.

Just to put things in perspective, can you imagine if the Peercoin dev suddenly decided to hardfork PPC and grow the coin supply from 20 Million to 100 million overnight ? Do you think PPC holders would have something to say about that ? (Like revaluing PPC to a fifth of its current value by dumping en masse).

The chinese appear to be doing exactly that - but they need a way to hedge themselves prior to shooting their own feet off which is why they're buying all this gold. When they start to dump the gold price will skyrocket to offset their losses.


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December 02, 2014, 12:50:59 AM
 #28

buy 80% of gold and 20% of bitcoin every month. Any amount you can afford.
Then dollars, euro, francs will not bother you anymore.
I mean, if you really love BTC do the opposite, 80BTC 20 gold.

My 2 satoshis
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December 02, 2014, 01:07:06 AM
 #29

How does silver compare to gold in terms of rarity and the ability to mine?

I haven't got the money to buy loads of gold, but I have some BTC and would be interested in silver if it is seen as a sound investment. Or is it better to buy a small amount of gold together with BTC?
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December 02, 2014, 01:14:53 AM
 #30


Just to put things in perspective, can you imagine if the Peercoin dev suddenly decided to hardfork PPC and grow the coin supply from 20 Million to 100 million overnight ?

Even monetary base can not be so easily compared to cryptocurrencies. All those money are NOT at the market (and all politicians and central bankers of the world fail again and again to bring the money to market). If they were we would have seen the inflation.

In a certain way one can imagine this excessive mB as the untouched Satoshi's Bitcoins. They do exist de iure, but they do not touch market. So they are not influencing anything and actual amount of BTC in circulation is much much lower. And that amount of really circulating BTC's is important (unless Satoshi starts to sell them).

USD stored in offshore paradise's banks that will not be touched should NOT be considered as money. And at those banks end most of the corporate profits...
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December 02, 2014, 01:47:00 AM
 #31

To OP,

What you are thinking to do has a name... Arbitrage. Everyone please rush to Google and search this word!

All of the exchanges around the world were used efficiently to profit on arbitrage. When arbitrage was gone so were a lot to bitcoin traders leaving you holding expensive coins.

A US Dollar crash? You mean a come back to reality, right? Because USD is so strong now that a 10% drop would be consider a crash now, but would be a return to this year's early prices.

To gain on Forex (another word you guys may want to Google), you would need to buy a currency that has been beaten. The Yen is one, the Ruble is another... The Euro is down but not greatly.


That said, I would hold to any Bitcoin you have. But would buy Yen or Ruble if you feel like you want to go Forex while the USD is super strong.
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December 02, 2014, 12:29:15 PM
 #32

How does silver compare to gold in terms of rarity and the ability to mine?

I haven't got the money to buy loads of gold, but I have some BTC and would be interested in silver if it is seen as a sound investment. Or is it better to buy a small amount of gold together with BTC?

Silver is not as rare as gold. But it's getting more and more considered as an alternative of gold.
You may find good offers if you would like to buy some silver bullion around.
It's funny how BTC and LTC are representing the difference between Gold and Silver. They seem to be the respective digital versions.

Anyway, I expect the dollar to crash soon. Otherwise it will be true that this markets are super fake: manipulation will always prevail.
Even in the BTC one.

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December 02, 2014, 01:20:53 PM
 #33


I don't listen to news sites and people who are hoping that the USD will fail. It just won't happen.

Would care to elaborate on the reasoning that brought you to this conclusion ?

I think I know why it's not failing right now despite the massive expansion (x5) of the USD "coin supply", but I can't see those conditions sustainable for a long period.

For example, what makes you so confident that the trillions backed up on Fed balance sheets, or the Chinese held $1T in USD bonds or the Japanese held $1T in USD bonds or the huge amounts of dollar denominated sovereign wealth funds held by the Gulf region countries won't find their way back out into the markets ?
 

There are so many speculators at this moment hoping for the USD to vanish and leaving a trail of destruction behind, all for their own benefit.

Why am I supposed to agree with what they say? At this point the entire world economy is at risk if something happens with the USD.

Would they rather let the USD burn or will they take every necessary step to prevent it from failing. I go for the last.

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December 02, 2014, 02:04:06 PM
 #34


I don't listen to news sites and people who are hoping that the USD will fail. It just won't happen.

Would care to elaborate on the reasoning that brought you to this conclusion ?

I think I know why it's not failing right now despite the massive expansion (x5) of the USD "coin supply", but I can't see those conditions sustainable for a long period.

For example, what makes you so confident that the trillions backed up on Fed balance sheets, or the Chinese held $1T in USD bonds or the Japanese held $1T in USD bonds or the huge amounts of dollar denominated sovereign wealth funds held by the Gulf region countries won't find their way back out into the markets ?
 

There are so many speculators at this moment hoping for the USD to vanish and leaving a trail of destruction behind, all for their own benefit.

Why am I supposed to agree with what they say? At this point the entire world economy is at risk if something happens with the USD.

Would they rather let the USD burn or will they take every necessary step to prevent it from failing. I go for the last.

Print moar, then it will never fail. Because of the military.

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December 02, 2014, 02:29:03 PM
 #35

How does silver compare to gold in terms of rarity and the ability to mine?

I haven't got the money to buy loads of gold, but I have some BTC and would be interested in silver if it is seen as a sound investment. Or is it better to buy a small amount of gold together with BTC?

Silver is not as rare as gold. But it's getting more and more considered as an alternative of gold.
You may find good offers if you would like to buy some silver bullion around.
It's funny how BTC and LTC are representing the difference between Gold and Silver. They seem to be the respective digital versions.

Anyway, I expect the dollar to crash soon. Otherwise it will be true that this markets are super fake: manipulation will always prevail.
Even in the BTC one.

Really is silver so great? So called bimetalism is dead for years. There is no need for more cryptocurrencies to exist than just one, especially when they have almost the same possibilities.

Gold is obsolete shit even as value staorage, but at least 1 million USD in Gold is less than 30 kilos and because of high density of gold the 30 kilos can be stored in very small physical safe. But if you want 1 million USD in Silver, then it is like 2000 kilograms, so even your car will not be capable to move it and you will have problem to store it.

So with silver even smaller transactions have to be done via certificates. But certificates and digital era do not go well together. Never did in pre-BTC era. I remember eGold, there was small hype about it 10+ yrs ago, but it never became popular and now with BTC it is a pure stupidity to look back to precious metals.
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December 02, 2014, 03:00:17 PM
 #36

Retire with my 1 BTC wallet.  Tongue
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December 02, 2014, 03:04:14 PM
 #37

There's a sort of fashion thing in Gold and Silver that's innate in human beings.
So I vote for both Gold and BTC.

I don't see the problem in the "old" metals.
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December 02, 2014, 03:07:24 PM
 #38

Yes, there is sort of fashion for driving horses, woman degradation and mass killing as well in human history. Do not forget to take some of those.

BTC is not sort of fashion on the other side so maybe you should forget about it.

What you write is inconsistent.
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December 02, 2014, 03:17:07 PM
 #39

http://www.usdebtclock.org/

We just crossed the big 18.

The US debt is so high that it is impossible to pay even the interest on the loans. In the very close future it will be so high that even the entire GDP could not pay off the interest.

There are only 3 possible outcomes to this. Hyperinflation, default, or a war that makes things like numbers on a ledger meaningless.

Those of you saying the dollar will survive just fine, I challenge you to explain how that could possibly happen, using reason and numbers and keeping personal opinions to a minimum. Heck, I'll even put a reward on the line. 0.1 btc to whoever can find a reasonable fourth option.

Look inside yourself, and you will see that you are the bubble.
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December 02, 2014, 03:29:05 PM
 #40

Currencies with "unsustainable" debt are here for decades. They will not be here forever, but there indeed is scenario that they can exist for some time and the time can be longer than lifespan of many people. Japan's GDP already for many years is lower then their debt and shit happens. 90%+ countries and their fiat currencies are in much bigger shit than Japan and japan did not ask yet North Korea for help...

Your question makes no sense. You ask for infinity and bet 0.1 btc on something you can never lose and on something that does not solve anything. Some of your 3 outcomes will one day happen, but before that can be very long time of deflation for example.

Money now is defined by 7bn of people and it is mostly fiat money. In one second or 5 mins and most probably in 1 month or year it will not change.
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December 02, 2014, 03:31:36 PM
 #41

i will be using my BTC instead of Euro and Dollar.

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rogerdonkey
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December 02, 2014, 08:02:30 PM
 #42

i think for dollar crashed is impossible, but we dont know dollar crashed or not

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December 02, 2014, 09:37:52 PM
 #43

Yes, there is sort of fashion for driving horses, woman degradation and mass killing as well in human history. Do not forget to take some of those.

BTC is not sort of fashion on the other side so maybe you should forget about it.

What you write is inconsistent.

Your comment is idiotic, sorry to say.
It doesn't require any answer.

I'm sorry

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December 02, 2014, 11:15:01 PM
 #44

Go on. I see you can not do anything else than being offensive. Hope you feel better.
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December 03, 2014, 11:12:49 AM
 #45

Go on. I see you can not do anything else than being offensive. Hope you feel better.
I don't want to go OT.
And I feel that your comment was just a provocative one, therefore I did not answer.
If you want to continue this send me a pm. I would love to argue with you then.
Thank you

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December 03, 2014, 02:52:26 PM
 #46


You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.

going back to gold backed currency will be economical suicide for any country within influence of western hegemony - instantly making them 3rd world countries in process. only china can have that status as biggest holder thanks to help of rothchilds. china will grow thanks to gold slowly changing its society with increased consumption.

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December 03, 2014, 02:59:04 PM
 #47

I will just buy a load of USD with my EUR.

You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.

I don't listen to news sites and people who are hoping that the USD will fail. It just won't happen.

If there is a significant price drop I will definitely buy up USD. Great investment opportunity.

LOL!

What's so funny ?

Because nothings funnier for me lately than seeing people in denial about a crashing global economy because it just shows how little you guys live in the real world.

Not sure if you're aware of the fact that people do have different opinions.

One thinks the world economy will crash in the near future, and the other don't.

I don't see a reason why the USD won't survive, every action will be taken to get it through whatever recession there is at that moment.

what if i told you that those in control of us banking system doing everything possible for dollar to crash? every policy every action they make in the past few years indicates so. globalists abandoned usa few years back for east. though the system they built is very big and obviously will take time to destroy. tick tock. the decisions been made already.

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December 03, 2014, 05:23:08 PM
 #48

i will be using my BTC instead of Euro and Dollar.

I will do the same.
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December 03, 2014, 06:39:10 PM
 #49

$38 for writing a few lines and nobody wants to step in?

Look inside yourself, and you will see that you are the bubble.
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December 03, 2014, 08:55:47 PM
 #50

I'm not even sure what the direct and indirect results would be of the dollar collapsing... I'm pretty sure a dollar collapse wouldn't really benefit ANYONE, in the end.
Luckily, i don't own any US dollars in the first place. LOL
I do think bitcoin will be one of the currencies which people will flee to.
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December 03, 2014, 11:57:37 PM
 #51

I will just buy a load of USD with my EUR.

You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.

I don't listen to news sites and people who are hoping that the USD will fail. It just won't happen.

If there is a significant price drop I will definitely buy up USD. Great investment opportunity.

You are so sure it wont happen. That's exactly when bad things happen; when people thing it wont. Our money can easily become worthless and it can happen in a matter of month. Not because of complex economic systems but because value is merely just an opinion. Opinions can change.
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December 04, 2014, 01:32:09 AM
Last edit: December 04, 2014, 02:59:20 PM by hashman
 #52

\

I don't think dollar would ever drop too much in its price. Its one of the strongest currency in the world and the chance of it dropping would mean a world wide financial problem solution.

FTFY
Oh and we would party in the streets like never before.  

 
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rogerdonkey
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December 04, 2014, 11:59:20 AM
 #53


You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.

going back to gold backed currency will be economical suicide for any country within influence of western hegemony - instantly making them 3rd world countries in process. only china can have that status as biggest holder thanks to help of rothchilds. china will grow thanks to gold slowly changing its society with increased consumption.

im not agree gold its not good for investment now.

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December 04, 2014, 02:23:01 PM
 #54

Not sure if speed buying can help you take advantage of the spread but if that is the case and you are so confident that usd will crash, then just directly buy euro against usd. Use some of the fx service that let you hedge 100 times your available fund.

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December 04, 2014, 09:48:59 PM
 #55


You would buy USD after a crash ? I read some articles online that the US Government would switch to a new, gold backed currency. Sounded like a crackpot conspiracy though.

going back to gold backed currency will be economical suicide for any country within influence of western hegemony - instantly making them 3rd world countries in process. only china can have that status as biggest holder thanks to help of rothchilds. china will grow thanks to gold slowly changing its society with increased consumption.

im not agree gold its not good for investment now.

i didnt say gold is not good for investment. in fact its a very good investment. but dont mix up that notion with a gold-backed currency system - its completely misleading and not positive at all for development of economy for any state. to break it down for you shortly: it makes largest holder of gold always own others - its an exploitation based system that usually dont last too long. also by making gold as reserve currency again we literally hand over all worlds power into the hands of a certain family.

"between 'lives' we all have a great laugh about the parts we have performed in the 'play', and look forward to and have great fun preparing the next chapters to act out."
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December 05, 2014, 11:44:40 PM
 #56

my Whole Capital is backed up by weed, bought for USD. when the USD crashes i'll be the king of the streets! trading Weed for Guns and shit.

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December 06, 2014, 12:17:15 PM
 #57

my Whole Capital is backed up by weed, bought for USD. when the USD crashes i'll be the king of the streets! trading Weed for Guns and shit.

The gains that weed can make would be limited. But if the USD crashes, other currency traders would panic too. Bitcoin could go to the moon.
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December 06, 2014, 10:29:31 PM
 #58

What would be the wisest course of action ? Keeping reserves in Euro's to buy Bitcoin the moment the news of a dollar crash hits ?

If USD crashes - and I really do not see it in even long term - it will be together with other fiat money.

When it happens, there will be already alternative system like BTC or Googlecurrency or whatever else widely accepted as money.

Bitcoin won't replace the USD, it may be the currency of online exchange, but the USD is going to stay.

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December 06, 2014, 11:36:43 PM
 #59

I think it is not a problem if the dollar has crashed, because there are still other currency could be an alternative trading currencies, such as the euro, yen and others. it is still a very small possibility for the time being, because the dollar is still the belle of the trading currency, the world community is still very interested in collecting dollars, while the dollar linkage with bitcoin, it is like two sides of a coin that can not be separated, mutual need and complement one another ...  Roll Eyes

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December 09, 2014, 02:30:37 AM
 #60

Buy pound or euro
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December 10, 2014, 12:36:22 PM
 #61

Buy pound or euro

There is no reason why the pound should become the favoured currency if the USD crashes. It would be much better to move your wealth to other asset classes - real estate, gold, bitcoin.. when the USD crashes.
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December 10, 2014, 04:04:10 PM
 #62

before usd goes kaput every other fiat paper will have to go down first except n korean, iranian, syrian or any other state that can nationalise their central bank just before the fourth turning event.

"between 'lives' we all have a great laugh about the parts we have performed in the 'play', and look forward to and have great fun preparing the next chapters to act out."
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December 10, 2014, 04:30:15 PM
 #63

before usd goes kaput every other fiat paper will have to go down first except n korean, iranian, syrian or any other state that can nationalise their central bank just before the fourth turning event.
USA is too inteligent to let their empire crash, they will have a backup plan. They will not let trash countries like NK take over.
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December 10, 2014, 05:06:23 PM
 #64

As long as US Army is the strongest USD will stay as the reserve money
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December 10, 2014, 05:23:38 PM
 #65

before usd goes kaput every other fiat paper will have to go down first except n korean, iranian, syrian or any other state that can nationalise their central bank just before the fourth turning event.
USA is too inteligent to let their empire crash, they will have a backup plan. They will not let trash countries like NK take over.

aha.

Roman Empire, Mongol Empire, Russian Empire, British Empire, Byzantine Empire, Han Dynasty, Persian Empire, Umayyad Caliphate, Ottoman Empire, USSR..

you really think USA is any different? they always collapse at the expense of the citizens/subjects of the state.

"between 'lives' we all have a great laugh about the parts we have performed in the 'play', and look forward to and have great fun preparing the next chapters to act out."
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December 11, 2014, 01:11:19 PM
 #66

before usd goes kaput every other fiat paper will have to go down first except n korean, iranian, syrian or any other state that can nationalise their central bank just before the fourth turning event.
Backwards. It will begin with the dollar and every other western currency will follow.

Look at the debt. It is so high that they literally can not pay even the interest off. This means it will keep growing, which can only have one of three results: Hyperinflation, default or a war that makes the last one look like a firecracker.

Look inside yourself, and you will see that you are the bubble.
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December 11, 2014, 01:31:59 PM
 #67

before usd goes kaput every other fiat paper will have to go down first except n korean, iranian, syrian or any other state that can nationalise their central bank just before the fourth turning event.
Backwards. It will begin with the dollar and every other western currency will follow.

Look at the debt. It is so high that they literally can not pay even the interest off. This means it will keep growing, which can only have one of three results: Hyperinflation, default or a war that makes the last one look like a firecracker.

well to be honest those that control fed also hold every other central bank in their pocket. look around other countries - how many of them went through inflation against the reserve currency recently? id say that most of the world is now creating artificial demand for dollars through destroying wealth of their citizens. fed guys will keep the dollar afloat at the expense of other fiats for as long as it takes. or, for as long as the masses of the world will be able to tolerate it. moving to other asset classes as an escape route from these shenenigans is the only solution.
i believe that there might be global fiat devaluation against the dollar as a last attempt to create demand - that will buy them some time. followed by massive property, physical metals and perhaps btc bubbles as masses try to rush throgh the door saving their wealth. then most probably a global scale provocation to start a war as bankers rather humans fight each other, than come knocking with pitchforks in their hands.

"between 'lives' we all have a great laugh about the parts we have performed in the 'play', and look forward to and have great fun preparing the next chapters to act out."
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December 11, 2014, 02:30:10 PM
 #68

The dollar index will continue it's rally. If you really want to go bottom fishing for currencies that have turned to dogs recently, the Canadian dollar and the Australian dollar comes to mind.

The Euro has been pretty solid all things considered, but what if the ECB caves and instills a QE policy to encourage economic growth in the Eurozone... would gold, silver, and other precious metals continue its downward momentum making new lows? Yeah probably.

My bet is on the USD right now. All dips have been bought and it's slowly but surely creeping it's way higher. Plus so many of you have entertained the notion of the USD crashing (especially when the dollar index is not even that volatile to begin with) that I feel comfortable taking a long position in USD.

Just my .00005611 BTC.
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December 11, 2014, 10:00:52 PM
 #69

Gold and Silver
Hidden Secrets of Money
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