Posted on 11/19/2009 7:02:11 PM PST by dollarbull
The following story in italics is a potential fictional time line for the day the dollar died. I hope not to instill fear or loathing but to give everyone some perspective on a POSSIBLE outcome which does not really take much of a reach to come to any conclusion. Despite popular belief and promises from those who wish to rob you of your savings and investments, the collapse of the dollar might just be an event measured in hours, not days as their control is not what it seems…..
We thought it was dead in 2007 and 2008.
There's yer trouble.
I’m ready. How about you?
No gold. But a lot of lead.
The only problem with this scenario is that the Euro will tank with us. Put money in the Aussie, as they are a commodities backed currency. We’re getting ready to become Argentina.
lock-n-load
mark
Yes and No that was so chilling he put to paper what I envision though I am somewhat prepared as far as supplies, cash on hand I have more to do seeing that in print is so shocking I will definitely finish preparing.
DB,
See
http://au.biz.yahoo.com/forex-education/australian-dollar.html
and
http://www.investopedia.com/articles/forex/06/CommodityCurrencies.asp
and
http://www.traderslog.com/commodities-forex.htm
Technically, you can’t be part of the IMF without fiat money, but the Aussies, as I understand it, don’t link their currency, but back their bonds, with commodities, and thus get around the IMF regulations.
My brother is a FOREX trader and has been getting 5-10% return a month playing the commodity currencies (Aus, NZ and Canada) against the dollar. The problem with Canada is that their economy is too tightly tied to ours to allow too much movement. I do remember just a few years ago, though, getting almost $1.50 CA for one greenback. We are now close to even.
Very interesting scenarios. Great comments and links (also at source). Thansk for posting.
OK, but if you want currencies against which to short the dollar, why not use the king (gold)
You ought to read Patriots , it takes up where that article left off.
I learned a number of things from this book.
O, I own gold. It is good to have stock in mining companies as well (silver and gold).
North used to talk about the golden rule: he who has the gold makes the rules. I generally invest now in things that will serve other purposes: tools, dried food, cans, et cetera.
Keep the faith, DB. That was a good read and thanks for the link.
HB
I’m putting everything into building up my farm in the Philippines ,, adding ducks by the thousands right now (egg production) ,, unfortunately my 2 hectares of mango’s won’t be online for another 3 years.. but I can get by ... The only real problem will be airline tickets ...
bookmarked
Good for you. Tickets could be a problem.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.