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The Day The Dollar Falls [Dutch docu on Youtube]

Check out this interesting (subtitled!) documentary from the Dutch television. It was made in 2005, when the dollar was worth a lot more. Having looked at this video makes me think that this day is going to happen soon, very soon.

Quote:

Do we live on a bubble? Is it possible for the heavily indebted American economy to collapse and take all of us down in a free fall with it? Have the days of the dollar been counted? Is it really unimaginable that we will see the time of the Great Depression repeating itself?
VPRO Backlight and Dutch national newspaper NRC Handelsblad present this 'what if' scenario. What if the dollar collapses? Fiction meets facts in this 24 hour scenario. At 9AM a Singapore trader is ordered to sell a large amount of dollars, which sends off the enormous downfall of the dollar. This film shows the results for the world economy every following hour. It ends in Amsterdam, where the only currency accepted by a taxi driver is sigarettes...
History seems to have caught up with this 2005 film, though in slow-motion...
Includes interview with analist Stephen Roach, Andy Xie, Maarten Schinkel, Cees Maas, Rob de Wijk and Kees Vendrik.

Link to Youtube: https://youtube.com/watch?v=AuPgdZeAFjA

damn........

sig spot

the one dynamic the documentary fails to take into affect is that China and other nations holding most of America's debt have a strong incentive not to let the dollar drop too far.

People have been predicting the downfall of the american empire for years. I think it is a fantasy for some that are tired for seeing america on top.

i for one would like to see our role in the world diminished but I don't foresee disaster around the corner. A change in the white house will soon change our fiscal policy and normalcy will return. The credit crunch also will force individual americans to live within their means.

Quote:

Originally Posted by TNVeric (Post 13917850)

US$ against DKK (Danish Kroner) since 01012001

http://www.michaelo.dk/uss.gif

Quote:

Originally Posted by TNVeric (Post 13917850)

the one dynamic the documentary fails to take into affect is that China and other nations holding most of America's debt have a strong incentive not to let the dollar drop too far.

Of course they don't want the dollar to fall. But like with stocks, if they start falling, they will be very eager to get rid off them asap.