The US Dollar Will Die With a Whimper

The Daily Reckoning ^ | June 5, 2015 | by The Daily Reckoning

[wastoute]

0.

[nomad]

How simplistic can you be? Trading lead can also refer to barter in a SHTF scenario.

I belief live ammo will command a better price then that of your gold under those circumstances, so will freeze dried food.

Unless you`ve stored sufficient supplies, you`ll be the one 'dancing like a trained poodle' for your supper, that`s if the zombies' haven`t eaten you.

[plain talk]

I thought that might be the case. I recently retired and went through a lot of struggles to get where I am I now. It is real hard to save enough to live off your savings for the next 30 years. It was real scary. Only by the miracle of God am I semi-secure now. I went through some fearsome times of bailing out of the market too. Eventually I learned that only investors willing to take risks are rewarded. One has to have the discipline to plow money in there and let it grow for decades and save at 20% a year. It is impossible to time the market. That is for fools. Best to diversify into index funds

While the US has problems the questions is — compared to what? Greece? China? In spite of lousy politicians the US is still the best place to be and invest (with some also diversified into international). This will continue for a long time .. even with the mounting debt because the rest of the world is even worse off. Although a correction or crash could come at any time & one has to be prepared for it.

Stocks pay almost as much in dividends or more as bonds. With interest rates so low it is hard to make much on bonds. One could invest in blue-chips that have been paying dividends solidly for decades. So one has to have some monies invested in stocks or they will get hammered by inflation.

I have learned a lot from sites by bogleheads forum. Good luck

[ozzymandus]

Well, it did for about 30 years until I sold it to an idiot who sold it to another idiot who didn’t understand the concept of not over-revving a low-geared rear end and blew up the motor. GMC V-6 which had been pretty much indestructible until that point.

[SkyPilot]

And oh so many people think of themselves as experts in this arena of bullsh*t....And when I say it’s bullsh*t, you can be sure it’s bullsh*t; you can take that perspective to the bank....I’ll leave you with this little anecdote to illustrate the vacuity of this ‘CHINA WILL RULE’ bullsh*t.

Tact and eloquence are not your strong suits.

There is a wisdom beyond yours, and beyond the "experts" you throw around. The wisdom of God and His Word the Bible.

The Bible clearly predicts that a one world system, most likely using a single currency, will enslave all of mankind economically.

"Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name."

Revelation 13: 16-17

There are many reasons I believe we are close to this tyrannical, Satanic system. Among them are the rapid increase in wickedness, the increased power of central banks, our massive debts, and ever expanding behemoth governments.

The economic alarm bells are ringing at full volume. A Stock Market that is out of touch with economic reality, record spending, and massive economic world wide Depression.

Our government and the central banks have shot their guns, and now have very few bullets left to deal with the next crash. They won't know what to do, because there is very little they can do.

Moreover, the "logic" that since things have not happened yet, they never will happen reminds me of 2 Peter: 3-4

They will say, "Where is this 'coming' he promised? Ever since our ancestors died, everything goes on as it has since the beginning of creation."

Never before in all of human history have governments had the ability to not only produce economic slavery of this magnitude, but also the ability to enforce it upon all of mankind.

[wastoute]

Good luck to you, as well. One puts their resources into things that prepare for the future you expect. I have neighbors who are libtards and take second mortgage to put in a pool and take vacations in Mexico. In this economy to go further into debt for luxuries seems irresponsible but they are libtards so it is to be expected. Sort of like “Great Gatsby” lifestyles then wonder why they were taken so much by surprise by the depression. I have put my efforts into minimizing our needs, learning how to harvest rainwater, laying in three cords of wood for emergency energy, how to grow food. They say one can feed one person for a year with 100 sq. ft. I am not that efficient yet but getting better, improving my soil, making better compost. If I am wrong about the future and the plans of The Fed somehow miraculously work and those who have taken 2nd mortgages to pay for BMWs and vacations in Mexico don’t get burned for it I am not hurt. I have learned a great deal that can’t be confiscated, taxed or stolen. If the SHTF I will hardly notice, I will go on growing my own barley, hops, and tobacco. Brewing my own beer.

Putting resources into a crony capitalism market is silly if you ain’t a crony. While they can crow about the Dow all they want it is as phony as an 0bama $3 dollar bill. The invested money has all been Fed money given to banks to buy the stocks needed at the recommendation of the Plunge Protection Team. This economy is like the South Platte, a mile wide and half an inch deep. Did you notice even the WSJ quit publishing volume traded when 0bama took office?

[A CA Guy]

I never said China would rule, I said it would like to.
They have an economy based on slave labor, theft of intelectual property and they have made about 60% of their water toxic.
Between all that and all the aborted girls with lots of single men there will be the need for conquest by them and I see a war down the road.