US dollar
 

The us dollar is worth about what toilet paper is now

watching now... can a currency crash?

We are all fucked...

:(

If you're american, it's high time you teach your kids to build toys...
Chinese and Indian kids will need some soon :-)

no kidding :(

Yes, it can. George Soros made a shitload off GBP's decline back in the day. He also was one of the first financiers to announce he will be betting against the dollar (around 2003 or 2004 I believe).

Nice little clip.

Great video but I'm skeptical of what that bear investor is talking about re if US goes down, everyone goes up. He seems to be ignoring two things--global economics is not a ZERO SUM game (there IS such a thing as a growing pie instead of people competing over fixed pie slices) and much of China's future growth will be from DOMESTIC consumption not exporting.

very nice clip, thanks for sharing

Global Conspiracy Videos - Documentaries, Headlines, DVD's

http://www.globalconspiracyvideos.com/

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

ouch....

what I fail to understand is why is it so difficult to accept the reality
this bloody thing has been falling for past 7-10 years now
all other currencies are rising

why do ppl keep on asking if it will crash

why not
when

tell me when do you think when?

:1orglaugh:1orglaughThe sky is falling! The sky is falling!:1orglaugh:1orglaugh

Then it will be our turn to poison them :1orglaugh:1orglaugh:1orglaugh

It's pretty well crashed as it is lol. I remember when the euro was introduced, it got depreciated to shit, you could barely buy two dollars for three euros at some point. Ten years later, you're lucky if you find two euros willing to change for three dollars.

And I'd say the standards of living on either side of the Atlantic pretty well reflect that. It's not as striking as it could be, because the US population has softened somewhat the blow by using consumer debt, and the EU population includes a good 25M ex-east germans, + 50M poles, 25M romanians etc etc that shot up maybe 3-500% in those ten years, thus somewhat dampening the overall effect.

But if you travel over the Atlantic a lot and have for a while, it's quite visible how the europeans are ahead by about as much as the americans used to be.

No shit.. and there's what.. about 2 billion people in China and India compared to the 330 million in the US.. Going to be a HUGE market once they start getting lazy and want other countries to produce shit for them just like the US has.

I still want to learn how to export the poisons. I think there could be some serious bucks in this along with some incidental payback

if only there was someone running for president that understood this shit and was fighting against it for decades...

oh wait...

ron paul 2008

do you think the :1orglaugh 's add some validity to your ignorance ?

one can only hope. Here's a few more for you :1orglaugh:1orglaugh:1orglaugh

obviously brilliant.

Just out of curiosity though, do you know what ignorance means, or is that like calling someone a fag when you meant to say pussy or something?

Just curious.

Why don't you enlighten us with some of your brilliance and explain the greater meaning of life?

RON PAUL IS OUR ONLY CHANCE
https://youtube.com/watch?v=yAwvlDJgJbM

Enough said I guess. Here's another one for you :1orglaugh

The guy just talks gibberish, inflation, bluh bluh, inflation... (kinda like most idiots here on gfy, except on gfy the catch phrase is "exchange rate")
to a lay-man it seems to make sense, but for fucks sake, the guy is a politician with a degree in medicine, what the fuck does he know about economics? He is trying to argue with the top economist in the US, who has been working in the field his whole life...

do you know he has written about decline of a dollar 20 years ago?

Well the ULTIMATE IDIOT about the definition of ignorance just backed off proving his worthlessness I guess after spitting out his half a cent worth! :1orglaugh:1orglaugh:1orglaugh three more for ya!

That your little joke Boss? :winkwink:

No reflection on Paul, but it's going to take a lot more than just a new President to begin to get a grip on the economy - before even looking at the debt problem.

The problem facing any politician is delivering reality to an electorate and that's just not going to happen until a country is on the verge of recession. Far less chance of passing whatever laws are needed to enforce fiscal control.

No govt ever creates wealth - the most they can do is lay vague guidelines to aid wealth creation. Actual wealth comes from within - and little thanks to any govt for this.

see, that's exactly what I'm talking about, "exchange rate" is getting brought up again... what does exchange rate have to do with anything? Price of tea in china may have gone up in the past 20 years too, but so what? It's easy to pick a few economic factors out of 100s put a tinfoil hat on, and start bitching that the sky is falling... I'm not an expert in economics, but last time I checked, the US economy in the past 20 years have been doing quite well... but yea, I agree there is some turbulence lately, situation in the world is a little uncertain, but US is no where close to being a sinking ship...

I hope its not true.

very interesting video, thx for sharing

um, no. i just went out

you actually had to edit that post ?

why don't you explain to us how fractional reserve banking is sustainable then smart guy ?

Time for the US to change its currency to Euro ...

guess so

:1orglaugh:1orglaugh

I read The Economist every week. In the back of each issue they publish the price changes for commodities. Everything is up by double digits this year. Food alone is something like 25%.

We had a perfect storm, the United States spending a ton of money it doesn't have, while the rest of the world's wealth shoots upwards (partially driven by the United State's consumption, but not entirely, we only take in around 14% of the world's imports.)

In the 20th century the United States had a virtual monopoly on capital investment. Now that buying power has spread out across the rest of the world.

The middle and lower class in the United States are in for a very rough time. Not only does your buying power compete on a global market, so do your skills for your own personal income.

In one sentence: you are going to be paying more and receiving less, working harder and living smaller.

I'd suggest staying out of debt and holding well diversified income producing assets. And making as much fucking money as you can.