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Guess What Happened The Last Time The U.S. Dollar Skyrocketed In Value Like This?…

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Question Ball - Public DomainOver the past decade, there has been only one other time when the value of the U.S. dollar has increased by so much in such a short period of time.  That was in mid-2008 – just before the greatest financial crash since the Great Depression.  A surging U.S. dollar also greatly contributed to the Latin American debt crisis of the early 1980s and the Asian financial crisis of 1997.  Today, the globe is more interconnected than ever.  Most global trade is conducted in U.S. dollars, and much of the borrowing done by emerging markets all over the planet is denominated in U.S. dollars.  When the U.S. dollar goes up dramatically, this can put a tremendous amount of financial stress on economies all around the world.  It also has the potential to greatly threaten the stability of the 65 trillion dollars in derivatives that are directly tied to the value of the U.S. dollar.  The global financial system is more vulnerable to currency movements than ever before, and history tells us that when the U.S. dollar soars the global economy tends to experience a contraction.  So the fact that the U.S. dollar has been skyrocketing lately is a very, very bad sign.

Most of the people that write about the coming economic collapse love to talk about the coming collapse of the U.S. dollar as well.

But in the initial deflationary stage of the coming financial crisis, we are likely to see the U.S. dollar actually strengthen considerably.

As I have discussed so many times before, we are going to experience deflation first, and after that deflationary phase the desperate responses by the Federal Reserve and the U.S. government to that deflation will cause the inflationary panic that so many have written about.

Yes, someday the U.S. dollar will essentially be toilet paper.  But that is not in our immediate future.  What is in our immediate future is a “flight to safety” that will push the surging U.S. dollar even higher.

This is what we witnessed in 2008, and this is happening once again right now.

Just look at the chart that I have posted below.  You can see the the U.S. dollar moved upward dramatically relative to other currencies starting in mid-2008.  And toward the end of the chart you can see that the U.S. dollar is now experiencing a similar spike…

Dollar Index 2015

At the moment, almost every major currency in the world is falling relative to the U.S. dollar.

For example, this next chart shows what the euro is doing relative to the dollar.  As you can see, the euro is in the midst of a stunning decline…

Euro U.S. Dollar

Instead of focusing on the U.S. dollar, those that are looking for a harbinger of the coming financial crisis should be watching the euro.  As I discussed yesterday, analysts are telling us that if Greece leaves the eurozone the EUR/USD could fall all the way down to 0.90.  If that happens, the chart above will soon resemble a waterfall.

And of course it isn’t just the euro that is plummeting.  The yen has been crashing as well.  The following chart was recently posted on the Crux

Yen Dollar from the Crux

Unfortunately, most Americans have absolutely no idea how important all of this is.  In recent years, growing economies all over the world have borrowed gigantic piles of very cheap U.S. dollars.  But now they are faced with the prospect of repaying those debts and making interest payments using much more expensive U.S. dollars.

Investors are starting to get nervous.  At one time, investors couldn’t wait to pour money into emerging markets, but now this process is beginning to reverse.  If this turns into a panic, we are going to have one giant financial mess on our hands.

The truth is that the value of the U.S. dollar is of great importance to every nation on the face of the Earth.  The following comes from U.S. News & World Report

In the early ’80s, a bullish U.S. dollar contributed to the Latin American debt crisis, and also impacted the Asian Tiger crisis in the late ’90s. Emerging markets typically have higher growth, but carry much higher risk to investors. When the economies are doing well, foreign investors will lend money to emerging market countries by purchasing their bonds.

They also deposit money in foreign banks, which facilitates higher lending. The reason for this is simple: Bond payments and interest rates in emerging markets are much higher than in the U.S. Why deposit cash in the U.S. and earn 0.25 percent, when you could earn 6 percent in Indonesia? With the dollar strengthening, the interest payments on any bond denominated in U.S. dollars becomes more expensive.

Additionally, the deposit in the Indonesian bank may still be earning 6 percent, but that is on Indonesian rupiahs. After converting the rupiahs to U.S. dollars, the extra interest doesn’t offset the loss from the exchange. As investors get nervous, the higher interest on emerging market debt and deposits becomes less alluring, and they flee to safety. It may start slowly, but history tells us it can quickly spiral out of control.

Over the past few months, I have been repeatedly stressing that so many of the signs that we witnessed just prior to previous financial crashes are happening again.

Now you can add the skyrocketing U.S. dollar to that list.

If you have not seen my previous articles where I have discussed these things, here are some places to get started…

Guess What Happened The Last Time The Price Of Oil Crashed Like This?…

Not Just Oil: Guess What Happened The Last Time Commodity Prices Crashed Like This?…

10 Key Events That Preceded The Last Financial Crisis That Are Happening Again RIGHT NOW

The warnings signs are really starting to pile up.

When we look back at past financial crashes, there are recognizable patterns that can be identified.

Anyone with half a brain should be able to see that a large number of those patterns are unfolding once again right before our eyes.

Unfortunately, most people in this world end up believing exactly what they want to believe.

No matter how much evidence you show them, they will not accept the truth until it is too late.

  • El mico

    First.

  • Very good article ! Scary times indeed….

  • DJohn1

    I realise that you are convinced that we are on the verge of the greatest depression in history. You may be right. In which case betting on a falling stock market might be the best bet you have ever made. If the securities commission will allow it. I am not acquainted with how that is done. Others have bet on a failing market and made fortunes doing so.
    I think we are going to see Portugal, Italy, Greece, and Spain all leave the Euro behind. What they all have in common is they are all spending money faster than they earn it.
    So what takes the place of the Euro when the PIGS all leave?
    For one thing when the PIGS leave what is left is a stable currency that is no longer being brought down by parasites.
    Places with stable currencies have one thing in common. They are all bringing in more money than they are spending. That is because they have good business sense and run those businesses right.
    That also takes a whole lot of discipline.
    What we have to worry about is the value of our own currency in relationship to these others. That has nothing to do with good or bad business sense and everything to do with how much we owe everyone else in the world.
    We have to get our financial house in order fast.
    To do that is going to require a lot of negotiation. We can no longer afford negative balances of payments over the long term.
    That means putting the businesses in place to take care of our own needs without leaking cash to everyone else.
    That means the end of foreign aid. All that money has to go towards paying back the debt.
    After we pay some of it back then we can start putting together world wide businesses that will bring the money home. Along with that we have to put our people back to work.
    That will take strong leadership and quite a few faces missing from the next Congress and a change in leadership at the White House in 2016.
    Jeb Bush is giving a 100,000 dollar a plate event. One might well ask what that plate is worth after the next election to the people that invested in this man.

    • Mike Smithy

      Just for fun, I was playing around with an anagram generator to ascertain what would happen if we combined the BRIC nations (Brazil, Russia, India, China) with the possible combined alliance of PIGS nations (Portugal, Italy, Greece, Spain). The program came up with a new acronym: BIG PRICS.

      • Antonio

        No Sir! you have much need wit for these troublesome times. What price a good laugh?

      • Tim

        That’s hilarious.

      • XSANDIEGOCA

        :)

    • XSANDIEGOCA

      Hillary and Jeb make the Banksters smile. All the more reason to vote for Walker.

      • alan

        Johnny Walker?

        • XSANDIEGOCA

          Touche!

      • Jack

        You mean Scott Walker, of the George Herbert Walker Bush crime syndicate? His great Grandpa was GW’s great grandpa. Time to get outta the Bush business no?

  • What happens in Germany when all the bills come due??
    How is Germany going to pay for all this mess?
    Germany is the money behind the EURO.
    So what is a square head to do?
    Start a New Nationalist Movement?

    • Priszilla

      What are you talking about?

    • Jack Clancy

      That’s why they asked for their gold back.

    • davidnrobyn

      Germany would be really smart to dump the Euro and get back to the DM before it hits the fan. What are they waiting for?

  • Paul

    I still believe that the economy is well on the road to recovery. The unemployment rate is down to 5.7% Consumer confidence metrics are trending favorably. The stock market is near all time highs. Gas prices are low. Also per the U.S government inflation is low as well. Everything is awesome!! USA USA USA! I am being sarcastic.

    Scary thing is millions of Americans believed the everything is rosy nonsense Obama spewed during his state of the union address. The shadow of crisis has not passed.

    • XSANDIEGOCA

      I read somewhere that only 44MM Americans work a 40 hour week? Lowest ever. What jobs there are go to the New Arrivals. This will not end well.

      • No that is incorrect, its 109M that have full time jobs. It’s also not accurate that the jobs are going to new arrivals. No, around 93% of available jobs of which the majority are PT meaning sub 26 hours a week and that pay under $13.83 an hr are actually going to folks over 55. So much for the false meme that the Baby Boomers are retiring enmasse. No, only about 24% of them have enough to retire.

        • Richard O. Mann

          I’m trying to make it to June 2015, so I can start drawing my SS. Age 62 at that time. But, I will also have to keep what ever job I can find, to have enough to live on. Ain’t it a hoot?

          • gdaym8

            My strategy is to die young…
            No, I’m NOT joking!

          • GSOB

            Just don’t take anybody with you.

        • krinks

          At 51 people my age at one point would have been setting themselves up for retirement. Today I am a workout fiend trying like hell to stay in the work force into my 80s. So far so good. This is all of our futures. We won’t have the luxury to quit work in our 60s as our fathers did. This is not entirely a bad thing.

          • gdaym8

            My strategy is to die young……………
            I’m NOT joking.

          • Dan McDonald

            I retired at 60, without a full-time career. I survived an expensive divorce and my son got a free ride through college and grad school (even though he’s white). A little luck and good decision-making saved my bacon. My only fear these days is that the government will step in and steal it all in the name of vote-buying and spreading the wealth.

          • krinks

            Have you been following Greece? When an economy/currency collapses which could easily be any day now retirement funds are confiscated and everyone expecting to live on them is cut off overnight.

          • elvisisdead

            Greece is not America. Big differnce in virtually every imaginable way between us and Europe’s most backward country.

          • krinks

            You miss the point. The point is and was the gov’t will confiscate all retirement funds and shut them down to fund the gov’t temporarily when the currency collapses.

          • Albert8184

            But I think Elvis’ point is that the rules of reality don’t work in America the same way they do in Greece. We have the power of magic on our side.

          • krinks

            “They” have found the right to murder children in the Constitution. Once “they” get you to swallow that one, everything will pale in comparison. Bank accounts/Retirement Funds confiscation will happen. Bet on it.

          • Albert8184

            Yes. Big differences that mean the laws of economics and math don’t work the same way for us Americans. I’m surprised you believe Elvis is dead… just kidding.

          • HARDTALK

            Not any more backward than Louisiana, Mississippi, and the whole South.

          • reality check

            Your son did not get a “free ride” through college; we, collectively, paid for it, including those of us whose children did not go to college, including those of us who have no children at all.

          • Dan McDonald

            The University paid for it out of its scholarship funds. So unless you gave money, specifically, to that school, you didn’t contribute a nickel. Different from tax monies, which your comment addresses specifically.

          • Guest

            “We collectively” means everybody on the planet ultimately. Not just other Americans. That’s what those 65 trillion worth of derivatives represent.

          • Albert8184

            On the flip side, you may not get the luxury to KEEP working either. I guess it all depends on how pissed off and radical the coming generations of collectivists are trained to be.

          • GSOB

            Retirement is a very big cultural cast in America.

        • Arsehole86

          Bravo!

        • Dink Shwinker

          Not to pick on you, but the government lies about everything. I don’t believe any of it. I just don’t know, and they can’t tell the truth.

        • diggle
        • DJ Abide

          Some of them are gaming the system pretty well. Saw your comments on Garland’s Guitar Center posts. As a former “Sales Associate” I watched the new pay structure show up with a new “Store Manager” whom was a retired UPS driver. Took the job for benefits and a discount and was later harvested for management ahead of a handful young 20 something college graduates complete with huge debt and burning passion. A new wage was averaged out to an hourly based on previous year or last 12 months commissions earnings. After GCOM was live I watched my hours plummet to 32 scheduled hours a week compared to the 40-45 associates had to “fade” against showing up for early sales meetings and opening/closing the store everyday.

      • Silver Savior

        I work a 40 hour week but wonder why I do it. I could work part time and get subsidies.

        • XSANDIEGOCA

          Silver, Go for It !! I just retired. Any way you can “work” the system is OK. Because as you probably suspect, the system is working you.

          • Silver Savior

            Well the system is not really working right now. The part time people have new cars. The full time people have cars from another decade. lol.

          • XSANDIEGOCA

            You are right.

          • gospelmidi

            “The part time people have new cars.”
            How does that work? Because by that logic, I should be riding in the back of my stretch Humvee, giving investment tips to my full time driver, who is clocking overtime for driving me to the dock for my third cruise of the year.

        • Dan McDonald

          Change your last name to Garcia and it’ll happen.

          • Silver Savior

            My last name is Finish but have not had much luck getting stuff with it. lol

          • HARDTALK

            What?
            Andy Garcia is retired from Hollywood.

    • Oscar

      lol.
      but all these mutliple black swans and yet the crash dont come. shame , it wud be better to get the pain over with now.
      reset wud be great. but sadly i think tptb can play the game forever.
      i.e black swan,,,greece? so deal possible and that buys more time? tptb have much control and that sucks.
      massive reset wud be awesome.

      • tom thumb

        These things take time, we actually crashed in 2005 ( the housing bust ) but the effects were not felt until three years later.

      • Gene

        If the game can go on forever, why all the central bank shannagins? Why worry about the round robin global currency printing if it’s a good thing?

    • Chris Sky

      When I started reading your comment, I was ripping my hair out. lol

      well said.

      • Paul

        Take care everybody. Hope you all can get through the rough times.

    • Lex loathar

      Wow. You had me there in that first paragraph thinking about what you had been smoking, but then I read the last part and had a good laff.
      Yes, us foolish American serfs just keep getting a beating and loving their dear leaders till the lemmings fall off the cliff (yet again).

    • Bushido

      You had me there! I was already formulating my reply after reading your second sentence. Everyone listen to Paul, he’s living outside the Matrix.

    • krinks

      Until you used the word ‘sarcastic’ I was ready to flame. A personal pet peeve is the artificially low unemployment rate. Only drones use it and proof of anything. Well done.

    • Gay Veteran

      5.7% unemployment? people need to look at the
      labor force participation rate,

      • VigilanteCaregiver

        You’re still here? I thought you got arrested and jailed for killing those Muslim kids. It wasn’t you after all; kind of surprised…

        • Gay Veteran

          you still here Vigilante Clueless?
          why would I kill Muslim kids? that’s the jobs of fundamentals whackjobs

          • Apparently, it was the job of a militant atheist.

    • arsehole86

      are you fking kidding me?

      • Paul

        Yes I was just kidding you. I was being very sarcastic. I did mention that in my original post.

    • countryboy

      The real unemployment rate is between 12 & 14 %.
      No one is counting the chronically unemployed that has given up. You are lucky if you are still working full time but we all need to look around .

      • gospelmidi

        You’re better off than some if you are still looking for work, since giving up doesn’t work, either.

    • autofixer

      That’s right, #EveryThingIsAwesome!!!

    • Dan McDonald

      Recoveries are historically tied to the job market and the housing market. As both are still in the tank, and the monetary policies of the Fed control the ups and downs of our fake economy, then it is silly to say that we are not still in recession. If God Himself came down with a Holy Whiteboard and explained the connection between burdening job-creators and rising joblessness, I think the American public would still vote for government handouts. After all, that’s what the 2012 election came down to: fixing the economy, or standing in line. We all know the answer to that now. But the bigger question remains: where will the money come from to fund all these freebies? Sooner or later you’re going to run out of somebody else’s wealth. But that has never mattered to Democrats. Soak the rich until everybody’s poor. That seems to be the position they’re defending.

    • MacFly1

      lol

    • Alleged Comment

      Lol! LOL!! LOL!!!

    • Albert8184

      The economy is ALWAYS well on the road to recovery. It’s just those potholes in the road that make it seem rocky sometimes.

      • GSOB

        Sarc

  • ItIsWell

    I’m not so sure this article is accurate. It just feels like this time the economic situation is truly different and much worse. If other countries start avoiding the petrodollar would that not devalue our currency? I know I could be wrong but this coming crisis feels like it’s at our back door knocking and will blow Anytime and write a new page in history much different than before.

    • Genada

      That should weaken the dollar but what you have right now is a race to the bottom by many countries. Most the world is busy trying to devalue it’s own currency as far as possible in a effort to drive it down to encourage more exports.

      The United States is in such a strange spot at this point that the extra strength of the dollar didn’t even lead to a lesser trade deficit. Counties around the world are unable to support the level of production they put out in a domestic market, so they have to export and those exports are to the United States.

      One of the reasons for the Greek problem is that they had money given to them on the cheap and part of that was done so they could afford the products of those loaning them money. We are in that spot right now. Our lenders can not support there own economy without us consuming their products. So they lend to us cheaper and cheaper. It will all end badly at some point but that’s where we are right now.

      • XSANDIEGOCA

        The Greeks can not pay it back. Neither can we though we can print money. Biggest game of Texas Hold Em on the planet.

  • Genada

    The truth is we never had a real recovery for a majority of the population in the first place. Most people are in a worst position then the last time for a new economic crisis. This is going to end up much worst then last time.

    The last crisis was a banking crisis with nations bailing out the banks to “save” the economy. This time were going to have a sovereign debt crisis and no one with the ability to bail.

    Current debt can not be payed. Future debt can not be payed. The sooner we realize this and start to take actions to come up with a plan to face this reality the better we will be.

    • XSANDIEGOCA

      Only 44MM have full time jobs. Lowest ever.

      • GSOB

        We know things will tip over…but it is amazing it has not yet.

        I’ve concluded that it’s the US military industrial, congressional, politico prison, Federal Reserve, Petro-dollar, MSM controlled, global complex that holds everything up.

        The nanny state helps out to.

        But everyday I wake I thank God for His restraint.

        • XSANDIEGOCA

          When God stops smiling on us, look out!

  • Cranky

    Aussie dollar is down ~25% against the US without any fundamentals as to why…main stream media is butt-fkd on the matter. :)

  • Kaspar_Goering

    What this guy is trying to do is to, somehow, make Americas emergence out of recession seem bad. And he fails to mention WHY the dollar is getting stronger. It is because of a flight of wealth coming TO the United States. How can THAT be bad?

    • XSANDIEGOCA

      Because money is yanked out of the developing markets to cover loans made when the dollar was cheaper. Now, the buck is more expensive. Good for us, I agree. Am refinancing at 3.6%. Lowest mortgage rate I have ever had. Let us enjoy it all while we can but storm clouds are ahead especially with the derivatives.

  • alan

    Stocks will go up no matter what, that’s all that matters. /sac

  • Priszilla

    Whatever you do. Get out of debt and regain independence from anyone who might have a documented claim over you, your family, your home.

    • davidnrobyn

      Right on, right on, Priszilla!

    • Orange Jean

      I totally agree… I got debt free about a year ago (first time in decades) and it really feels good.

      Plus all that money I was paying in every month to the credit cards? Paying myself, in the sense of saving it (and yes I do understand that someone may take it all away… but I’m gambling otherwise). And I may need to retire after all, as my health is going downhill and I cannot handle cold, damp weather anymore and it’s too cold where I live.

      • Priszilla

        The next financial crisis might come when people pay much less interest to the banks.
        Or buy much less treasuries from the state.

  • Bosnian Serb

    Many in former Yugoslavia borrowed money in Swiss Franc.. Now thousands are trapped and companies are going into bankruptcy every day. Personally the rising Dollar would benefit me if I decide to purchase any real estate in Bosnia. Dollar has gone from 1.2 to 1.75 Bosnian Mark.. Sqm is around 1000 to 1300 marks in my city. 30000 dollars already can get you a brand new two bedroom flat. For 50,000 dollars you are looking at villa in counry side in Serbia with land..barn..forest included

    • Leave it to Beaver

      Sounds nice.

    • davidnrobyn

      Wow, been there. It IS beautiful. But I’d be concerned about stability. Is your city Sarajevo by any chance?

      • Bosnian Serb

        No…i am from smaller town (average city size)..prices are higher in Sarajevo 1400-2500 marks sqf. No one wants war there any more so I think you are much safer than where I live now in America. In fact I don’t know a single street where it is unsafe to walk at night in my home town, not to say bad things can not happen of course.

  • Observer

    “As I have discussed so many times before, we are going to experience deflation first, and after that deflationary phase the desperate responses by the Federal Reserve and the U.S. government to that deflation will cause the inflationary panic that so many have written about.”

    Ugh, when? I remembered that you would always scream about hyperinflation down the way!

  • Max

    Millions believe that “the economy is back” and “America is prospering” (all quotes from the SOTU btw). Truth is, millions more actually knows what’s really going on globally but chose to live in fear and inadequacy (i.e. Ostrich with their head in the sand). The thought of not being able to watch their sitcoms, dramas, and Sports Center terrifies them beyond belief. Never mind the other hundreds of thousands that are “playing” the market driven by ego and greed. No, I’m not a “prepper”, just an individual who’s seen and been through enough to “see”.

    The truth is, the aforementioned millions of “ostriches” in this country that refuses to accept the true SOTU, will be the ones watching CNN and Fox News looking for answers and direction. I almost (and I stress the word *almost*) admire the gov because they know the majority of the masses are good at what? Taking direction and following – a society of followers devoid of independent thought or any psychological substance; so they’ll think for you.

    So continue keeping up with the Kardasians and don’t forget to stay informed with the latest of which artist runs on stage during the Grammy’s (which I found interesting the president spoke at in a prerecorded message).

    Speaking of him, breaking news this morning that he released his draft for “military action” against those terrorists in Syria. What do you think that’s going to mean?

    • Mike Smithy

      But, but, but….President Zero won the Nobel Peace Prize. How could he be calling for war?

      • Jack Clancy

        How dare you? LOL. The people don’t want the truth. They want Bread and Circuses.

      • jsmith

        Now, I’m just wondering if FDR was shelling out the same “everything is fine and the recovery is here” and “Happy Days are here again” in the 1930’s as is Obama telling us these days? And interestingly enough, Obama never mentioned the 48 million Americans on food stamps. Mmm. Methinks that history is repeating again, and that Wall Street and the banksters are up to their old tricks and we are in for a “shellacking.”

        • Our entire monetary system is run on a treadmill of debt both government-issued and private. What we are seeing now is the natural consequence of such a system.

  • Leave it to Beaver

    The way I look at it, it’s already in the can.

  • Cal Wayback

    The last days of the Roman Empire are very similar indeed to the present situation in the US. The financial markets are beginning to teeter. When they collapse total anarchy and the illegals will flood the country like the vandals sacked Rome.

    • Mike Smithy

      Nero fiddles while Rome burns. Oops, I meant to say Obama plays golf while the USA collapses.

      • elvisisdead

        Every President was a golfer. If you have evidence Obama has played one more round to this point than any previous golfing President(Ike comes to mind) please prove it. I’m from Maine, so I’m very familiar with the time the Bushes spent on the links in Kennebunk or out in the boat striper fishing. I was there for the traffic nightmares. So spare me the “Bush never took a day off after 9/11″ manure.
        If not, try and spend your obviously ample idle time fretting over something of substance?

  • John

    They are not going to let it collapse until they have their false flag to blame it on someone else.

    They have to take the light off the corrupt politicians along with their favorite corporations, wall street & the banksters (The Too Big Too Jail).

  • 2Gary2

    This is so good I wanted to share it:

    We had…

    Hepatitis A (Bush I), who was instrumental in cementing
    Voodoo Economics (trickle down) as a way to insure the plutocracy of
    crony capitalism;

    Hepatitis B (Bush II), who brought unfunded wars as a way to morally and financially bankrupt the nation;

    Now they propose Hepatitis C (Jeb)…

    I’m
    fairly sure it will only require 3 Horsemen of the Apocalypse to
    destroy the United States. The first two spread their venom
    far-and-wide, there is not much left for Jeb to do in finishing the
    country off.

    If conservatives have Bush run or liberals have Clintor run its time to move to Cabada…

    • Joe

      Adjust your tinfoil hat, idiot. No one in modern times has ballooned the debt more than the Dems.

      • Did he worship Obama? I don’t think that anyone here has much positive to say about him.

    • jakartaman

      Low IQ voter – I would strongly recommend you head north
      The air is a lot thinner there and more suitable for liberal air heads

  • davidnrobyn

    Folks, use this super-strong dollar to buy gold and silver at bargain prices. It’s a window of opportunity.

  • Tribulation Blues

    Read several prophecies about what is at hand, they are very sobering… revelation12 (dot) ca

  • Jim Clark

    Just goes to show the rest of the world needs the wise, benevolent politicians and bankers that we have.

  • Silver Savior

    Been buying up silver copper and nickel every chance I get. I am scared about paper dollars. The new confederate dollars.

    • jakartaman

      you have every right to be scared
      however be strong
      get all tyne other stuff – especially guns and ammo, water food and bible

      good luck and God Bless

      • Silver Savior

        Glad you agree. And yes that’s all good info. Yes very scary.

  • jakartaman

    Insightful post

  • Dan McDonald

    The real unemployment rate is 22.3%, nearly triple the “official government number.” – John Williams, Shadow Government Statistics

  • Pat Enery

    1. All we have to do is just cut out the bogus debt we owe to the private central banks such as the Fed & restore the congress’s power to issue money. 2. Remove all of the lobbyists & influencers who will be trying to buy the politicians for the banks. Hitler did it in the 30s. That is why the Jewish central bank controlled world went to war against him & created the obscene fabrications that followed to insure no repeat performances. Trouble is, the “Internet Reformation” took root & revealed these truths. That is why they seek to control it before it becomes a runaway train & rolls them into oblivion.

    • Hitler did nothing of value in the 1930s. He continued the same financial system while killing millions of Jews who had nothing to do with the banking system. Hitler did not implement a sovereign money system, nor did he move to expropriate the large private monopolies that had built up in industry. Hitler worship leads nowhere.

      • AirborneSoldier

        Thank you. I hate the racist sentiment of many.

  • AntonioOssa

    I don’t get it. We just went through two years? of QE that was supposed to devalue the dollar and now the dollar is stronger than ever!

    • AirborneSoldier

      Good point. The men, and women behind the curtain are masterful.

  • curious

    Why was there not a collapse in 2003? Look at the chart and how high the index was in pre-2004. You are coming to a lot of conclusions based upon this chart, but it does not explain it all

  • elvisisdead

    The world is more peaceful now than at any point in the last 100 years..if ever.
    No wars in Central or South America unless you count FARC with it’s .22 rifles.
    No wars in Asia aside from Pakistan’s fight with itself.
    The wars in Africa are largely inter tribal and none between states. No super power proxy wars.

    One is Europe, a squabble between Slavic cousins that has killed very few people and barely rippled anywhere else..
    And of course the Middle East. But is it any worse than 30,40, or 50 years ago?
    The only difference now is a sensationalist media, half-wits on the internet, and shameless fear mongering are commonplace.

    • retired22

      What ever floats your boat,Elvis!
      We have financial conditions that are approaching the Great Depression era of the 1930’s.If major powers feel they are being shut out of the prosperity game they will morph from being economic powers into being military powers.Russia & China will become what Germany,Japan,& Italy were in the 1930’s! Bad economies make regimes shaky & shaky regimes get very antagonistic toward the outside world!
      What makes you think that the EU,along with the rest of it’s financial problems, can afford to lose any members,even Greece?If the Greeks leave or are tossed out of the EU other insolvent members will also get out.New political parties are now becoming popular by opposing the EU & it’s Austerity programs,they gain control of these nations with weak economies & they will follow Greece out of the EU.Who will be left,..Germany, France & maybe Austria?
      Elvis,if it makes you feel better hiding your head in the sand,do so,be my guest!

      • elvisisdead

        So to sum up your philosophy:
        Bad news is good news and good news is a lie because the only “truth” is bad news.
        I’m sorry but that is just too simple to be true. The world is far more complicated than conspiracy theories batted around the web.
        And for what it’s worth, no one believes Greece is a real bell weather for Europe any more than Alabama represents the US.

  • There isn’t going to be inflation, but massive deflation. A good chunk of the QE money was used to create private bank scrip, but by and large this money has been used to inflate the prices of assets like stocks, bonds, and property. Thus capital pre-existing in the real economy is drawn to assets and the prices of assets grow higher and higher while prices in the real economy grow lower and lower. Since all money that non-bankers interact with is a debt either to the Fed or private banks, the resulting inability to pay off loans leads to massive monetary contraction.

  • GSOB

    Condemn not, and ye shall not be condemned; censure not men’s persons, and judge not their state, or adjudge them to condemnation, for every offence in practice, or because they differ in principle, lest you should be treated in like manner by others; and especially, lest you should fall under the righteous censure, judgment, and condemnation of God:

  • Donald Wilson

    Best get out of stocks and bonds and buy gold and silver. The USD will not be king forever. Best get out now for one day in the not so distant future you will wake to an empty bank account. Good luck and Good night…

    Bravo Two Zero out…

    • AirborneSoldier

      Sir, my recommendation would be to shed debt before buying PM. based on history, I see PM being most useful to bribe govt soldiers and officials in life or death situations. For most of us, having a well stocked pantry, with booze and cigs for trading, will get us through better than PM. For wealth protection, yes, PMs offer a good choice, IMHO.

  • HARDTALK

    On 15 July 2008, one Dollar = .6336 Armed Forces soldiers could hardly afford the rent.
    On 15 November 2008, one Dollar = .7867 Things got better, not much.
    On 20 February 2015, one Dollar = .8558 Life is much better now.
    If in the next three months parity in attain, $ 1 = 1 Euro, Europe will be flooded by tourist from all over the world. European exports will double. The future for Europe look pretty sharp.

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