The Dollar Bubble

[Crewleader]

http://www.youtube.com/watch?v=eZA0qNsf4m0&feature=player_embedded&ref=patrick.net

[Crewleader]

1. Blame The Federal Reserve

[angryfirelord]

2. C'mon now

If you're linking to people like Ron Paul, then I'm afraid your argument doesn't hold much water. Goldbugs and other right-wing libertarians have been predicting the fall of the dollar for years and it still hasn't happened yet. Is the economic situation bad? Yes. Are we on the verge of a total system-wide currency collapse? If we listened to these guys, we would be. In my opinion, it's all hype and once the Federal Reserve starts raising interest rates, you'll see these guys disappearing out of the spotlight.

http://krugman.blogs.nytimes.com/2009/11/24/notes-on-the-dollar-panic/
http://krugman.blogs.nytimes.com/2009/10/09/modified-goldbugism-at-the-wsj/?apage=2

[Crewleader]

3. c'mon now, I post for the interest and seek the truth

though I wouldn't mind Schiff beat Dodd....you know Angelo's Friend.

[angryfirelord]

6. But there's a difference

between knowing the truth and claiming to know the truth. I've yet to find anything in the Austrian economic school of thought that is even remotely possible to prove in real life. Perfect markets don't exist, customers don't always make the most rational of choices, and in this case, blaming everything on the Federal Reserve isn't going to make all the economic crunches go away. I really don't want to see another Panic of 1907 again, which could have easily happened if the Fed didn't step in.

[Crewleader]

8. I'm not claiming anything , always in search for truth, that's me.

And yes I appreciate all the friends I made here.

Happy Thanksgiving Everyone and The Best To All Of Ya! :hi:

[William Munny]

5. re: C'mon now

"In my opinion, it's all hype and once the Federal Reserve starts raising interest rates, you'll see these guys disappearing out of the spotlight."


If the Federal Reserve raises interest rates, we'll have a depression worse than the one we had in the 1930's. They're caught in a paradox now, and I suspect they know it. They will do the politically expedient thing and keep interest rates low until price inflation becomes a problem, then they will go to war. That is all.

[angryfirelord]

7. Politically expedient?

No, keeping rates low is the proper thing to do, regardless of its political impact.

http://krugman.blogs.nytimes.com/2009/11/16/the-madness-of-the-inflation-hawks/

My point is that the goldbugs are always going to be crying the end of the dollar whenever the Federal Reserve has to make tough choices such as this. Ron Paul said in a 1981 speech that the US would be facing hyperinflation very soon. Well, it has been 28 years now and still no hyperinflation has come yet. In fact, when gold hit its all-time high of $850 back in the early 1980s, it promptly reversed and all of a sudden, the goldbugs disappeared.

[whoneedstickets]

4. I'm guessing this is all a market manipulation scam..

..The video is full of half-truths and BS (if government really is the problem with healthcare why do countries with government run programs have lower health costs?) and projected graphs. I think the intention is to spur the price of gold and metals.

The main contact at NIA appears to be Gerard Adams, I wonder if he is the same guy as the principle at Wall Street Grand LLC

http://www.ripoffreport.com/Financial-Services/WallStreetGrand-com/wallstreetgrand-com-gerard-ad-fe44b.htm

[Double T]

9. Biggest problem is MOST believe this collapse will never happen.

The handwriting has been on the wall for decades; collapse is inevitable unless drastic measures are taken immediately. Stimulus and bailouts are actually destroying our economy and financial system.

[Prometheuspan]

10. yay for that!

"The handwriting has been on the wall for decades; collapse is inevitable unless drastic measures are taken immediately. Stimulus and bailouts are actually destroying our economy and financial system."

thanks for saying what needed to be said. Now i can rest easy and let somebody else do the work. lol

the only way to fix the problem is to rightly define it; the bottom dropped out. We (bush)sent 50 million people into poverty from middle class, the only way to not have that drag our economy down to ruin is to bring them back out of poverty.

How to do that responsibly...

all the kings horses and all the kings men won't be able to put humpty back together again.

[monica8697]

11. video

I just forwarded this to everyone I know. Some of it is not true, (the healthcare part for one) but the possibility of what our dollar might do is worth looking into. I think we will have inflation, but I hope it isn't as bad as the video predicts.

But so far all big civilizations have risen and fallen before too long. . It would be extremely arrogant to say it can’t happen to us.