[dollarbull]

This is what a currency collapse looks like. Many countries have experienced it throughout history. The dollar suffers from the root cause, namely that it is fiat money and is backed by nothing. Got gold?

[sickoflibs]

We thought it was dead in 2007 and 2008.

[Migraine]

As I grabbed a glass of Port...

There's yer trouble.

[blam]

I’m ready. How about you?

[o_zarkman44]

No gold. But a lot of lead.

[Heracles Basileus]

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.

[Former Proud Canadian]

mark

[Heracles Basileus]

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.

[PGalt]

Very interesting scenarios. Great comments and links (also at source). Thansk for posting.

[Bean Counter]

bookmarked

[FromLori]

Part 2

http://johngaltfla.com/blog3/