Economic Collapse Headed for U.S. in 2015???

[2dogs]

usa will get very worst,
All they want is oil,when I say all they i'm referring to a bad guvern
No wor are wins by the usa.

wot

[picolo]

Don't forget about these low oil prices! When has it been this low? That's right! Back in 08!

The Dollar is going up while Yellen will not raise rates this year.

[ChicagoCoinConnection]

I've read in a few tabloid rags that the euro was going to dip below the value dollar, with the problems you guys are facing across the pond it might be worth it to transfer some of that cash(just to be on the safe side) into american monopoly money. But to be honest I'm not a financial guru or anything so please take my recommendation with a grain of salt.

[picolo]

So I live in Europe and have a 90 day holiday booked to the United States. I know the value of the euro relative to the dollar is low - and getting lower. I will be gone in the three summer months of this year. Is it worth exchanging my euro amounts for dollars now ? Or waiting, in case the exchange rate climbs upward in my favour again?

You are asking us to predict the future price in the short term since you are probably going to your holiday soon ?

I would advise getting some of the Dollar you need now and the rest before you leave not to suffer a big difference compared to if you bought only now or when you leave.

You should try to find the cheapest Dollar by finding the best way to exchange your Euro for Dollars.

[bigtimespaghetti]

Euro has been crushed. Wish I'd have listened to Martin Armstrong in regards to this.

I'm in a similar situation- do I convert my Eur to GBP or wait for the bounce to come in the EUR? Or just convert a portion into silver/BTC.

One thing's for sure the euro is in trouble, but I don't know much about FX, so I could be completely off base. Seems to me that Greece is going to set off a whole shit show that will reverberate throughout Europe.

[picolo]

Euro has been crushed. Wish I'd have listened to Martin Armstrong in regards to this.

I'm in a similar situation- do I convert my Eur to GBP or wait for the bounce to come in the EUR? Or just convert a portion into silver/BTC.

One thing's for sure the euro is in trouble, but I don't know much about FX, so I could be completely off base. Seems to me that Greece is going to set off a whole shit show that will reverberate throughout Europe.

If you want to save, pick something else than a fiat currency. If you pick a fiat currency, pick one of a more respectable central bank and country than the others ones, like the Swiss Franc.

[bigtimespaghetti]

Euro has been crushed. Wish I'd have listened to Martin Armstrong in regards to this.

I'm in a similar situation- do I convert my Eur to GBP or wait for the bounce to come in the EUR? Or just convert a portion into silver/BTC.

One thing's for sure the euro is in trouble, but I don't know much about FX, so I could be completely off base. Seems to me that Greece is going to set off a whole shit show that will reverberate throughout Europe.

If you want to save, pick something else than a fiat currency. If you pick a fiat currency, pick one of a more respectable central bank and country than the others ones, like the Swiss Franc.

Thanks for the input. I'll be doing something along those lines.

[thejaytiesto]

If everytime Alex Jones has predicted an economic U.S collapse I recieved a Bitcoin, I would be in retirement as we speak.

[bigtimespaghetti]

If everytime Alex Jones has predicted an economic U.S collapse I recieved a Bitcoin, I would be in retirement as we speak.

Broken clocks and all that!

[picolo]

If everytime Alex Jones has predicted an economic U.S collapse I recieved a Bitcoin, I would be in retirement as we speak.

Broken clocks and all that!

It takes longer than expected but the debt are accumulating and the collapse is near.

[deisik]

If everytime Alex Jones has predicted an economic U.S collapse I recieved a Bitcoin, I would be in retirement as we speak.

Broken clocks and all that!

It takes longer than expected but the debt are accumulating and the collapse is near.

I doubt that the debt accumulation could cause real problems in the US economy since this debt is denominated in the same dollars that the US happens to print. It could theoretically set off run-away inflation (or just increase inflation substantially), but if it didn't happen when the Fed had been increasing the monetary base through QEs, why then should it happen now when QEs are done with?