Why the Dollar Bubble is about to Burst

[SampSon]

Gee, an anti-US article from a .co.uk address, who would have thunk!
The gold standard monetary system isn't in use by any nation in the entire world any longer.

The Euro wants to and would run on the exact same system as the US dollar if this US dollar "crash" materializes.
It's not a matter of currency or who issues it, it's a matter of who has the oil and which currency these people decide to deal in. There isn't enough precious metals to back all the currency in circulation from every country.

 

[EightySix Four]

Invest in Euro's?

 

[JS80]

Originally posted by: SampSon
Gee, an anti-US article from a .co.uk address, who would have thunk!
The gold standard monetary system isn't in use by any nation in the entire world any longer.

The Euro wants to and would run on the exact same system as the US dollar if this US dollar "crash" materializes.
It's not a matter of currency or who issues it, it's a matter of who has the oil and which currency these people decide to deal in. There isn't enough precious metals to back all the currency in circulation from every country.

Why does that matter if the currency is fiat to begin with?

 

[RichardE]

Originally posted by: JS80

Originally posted by: RichardE

Originally posted by: Vic

Originally posted by: RichardE
Anyone who doesn't follow a right wing line is a double thinking socialist

:roll:

Real world is alot more complicated than you like it to, if it is not black and white it is a conspiracy. Of course, the government has never done anything scandalous, in its history, so we could never imagine that happening.

Excuse me, you were the one who went black and white, not I. Nor am I a right-winger. I am a liberal capitalist with a solid real-world background in economics and finance. Your socialist BS makes for a pretty utopian fantasy but in reality it's just a bunch of fearmongering OMG-the-world-is-coming-to-an-end totalitarianism.

I am more of a Stalin type of Socialism, I think Stunt called me borderline facist, but your little "if everything is not printed clearly on a government issues paper it must be a tin foil conspiracy" BS whinning is pathetic and pretty ignorant of the fact things happen that is not all made nice and clear for everyone.

And look where Stalin's Socialism led to......

I prefer a mix of Stalin and China's Iron rice bowl policy.

 

[Vic]

Originally posted by: SampSon
There isn't enough precious metals to back all the currency in circulation from every country.

Huh? That doesn't matter. Currency value is flexible. More currency simply would make gold that much more valuable. The issue is more that gold has a lot of technological and industrial uses and to tie all the gold in the world up in backing currency values would be a waste.

 

[SampSon]

Originally posted by: JS80

Originally posted by: SampSon
Gee, an anti-US article from a .co.uk address, who would have thunk!
The gold standard monetary system isn't in use by any nation in the entire world any longer.

The Euro wants to and would run on the exact same system as the US dollar if this US dollar "crash" materializes.
It's not a matter of currency or who issues it, it's a matter of who has the oil and which currency these people decide to deal in. There isn't enough precious metals to back all the currency in circulation from every country.

Why does that matter if the currency is fiat to begin with?

The author of the article seemed to give a crap about precious metal currency backing.

Though the author acknowledges oil trade is the driving force behind currency power. Which means the author also reconizes the euro would fall into the same exact pitfall as the US dollar.

 

[JS80]

Originally posted by: RichardE

Originally posted by: JS80

Originally posted by: RichardE

Originally posted by: Vic

Originally posted by: RichardE
Anyone who doesn't follow a right wing line is a double thinking socialist

:roll:

Real world is alot more complicated than you like it to, if it is not black and white it is a conspiracy. Of course, the government has never done anything scandalous, in its history, so we could never imagine that happening.

Excuse me, you were the one who went black and white, not I. Nor am I a right-winger. I am a liberal capitalist with a solid real-world background in economics and finance. Your socialist BS makes for a pretty utopian fantasy but in reality it's just a bunch of fearmongering OMG-the-world-is-coming-to-an-end totalitarianism.

I am more of a Stalin type of Socialism, I think Stunt called me borderline facist, but your little "if everything is not printed clearly on a government issues paper it must be a tin foil conspiracy" BS whinning is pathetic and pretty ignorant of the fact things happen that is not all made nice and clear for everyone.

And look where Stalin's Socialism led to......

I prefer a mix of Stalin and China's Iron rice bowl policy.

OK reading the 2 quotes in your sig leads me to believe you have no qualifications in discussing any type of economics (or anything coherent and logical)...so...yea...go debate Vic.

 

[JS80]

Originally posted by: SampSon

Originally posted by: JS80

Originally posted by: SampSon
Gee, an anti-US article from a .co.uk address, who would have thunk!
The gold standard monetary system isn't in use by any nation in the entire world any longer.

The Euro wants to and would run on the exact same system as the US dollar if this US dollar "crash" materializes.
It's not a matter of currency or who issues it, it's a matter of who has the oil and which currency these people decide to deal in. There isn't enough precious metals to back all the currency in circulation from every country.

Why does that matter if the currency is fiat to begin with?

The author of the article seemed to give a crap about precious metal currency backing.

Though the author acknowledges oil trade is the driving force behind currency power. Which means the author also reconizes the euro would fall into the same exact pitfall as the US dollar.

Well, there isn't enough dollars to purchase the entire market cap of the US stock market. There isn't enough stock for the exercise of every outstanding options contracts. There isn't enough oil or any other commodity to deliver/take delivery of the exercise of every futures contract. So is the world market a house of cards? Maybe...