What will happen if the "Dollar Collapses"
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http://www.peoplestandup.ca What Will Happen If the Dollar Collapses Maxwell Payne Why a complete economic collapse in the U.S. is unlikely even if the dollar loses 100% of its value. Disclaimer: This article is opinion based with likely scenarios derived from logic based situations. Discussion includes doomsayer fears, logical outcomes, and a good example of how currency value is subjective. It is well known that the U.S. Federal Reserve continues to print money to pay down debts owed to countries such as China. It is also known that the Fed printed billions to "bail out" banks and create "stimulus" plans to boost the economy. There are a lot of doomsayers on the internet and in media that say this devalues the U.S. dollar both locally and globally. Technically their claim is correct: each dollar used to be backed by actual gold; that backing was removed in the 1970s and ever since then money could basically just be printed up. But this is where the doomsayers logic ends. Their belief is that because money's value is only as good as the economy's belief in it, the value can disappear because there is no gold backing the paper money. Once confidence in the dollar is lost, many doomsayers say that the U.S. economy will completely collapse. A few popular predictions are being made across the internet and in the media by doomsayers: vanished and now gold is the only accepted currency. The concept cited is "hyperinflation." When the dollar collapses we will be thrown into a state of chaos and lawlessness. Money will be burned like in Germany a few decades ago due to lost value. People will steal and commit other crimes to stay alive and with no economy there will be no one working to maintain the infrastructure. Gold and silver will become the standard once again. Which is oddly suspicious, because when you Google anything about the dollar collapsing, you get a lot of sites trying to sell you gold and gold trading schemes. Since other countries are trying to move the World Reserve Currency away from the U.S. dollar due to decreasing value, the U.S. will be left high and dry by the other countries. Countries will stop lending to us and the interest on the existing loans will default. What is likely to happen if the U.S. dollar collapses (based on something known as "logic"). Here are a few possible situations: 1.) The U.S. dollar collapses and there is a brief time of chaos. However the U.S. chief export is consumption, we consume the highest amount of resources and goods in the world. Countries that once sold to us can no longer sell if there is no money, so the dollar could in theory be propped up by another currency. Imagine a dollar backed by the yen, the Euro, or once again by gold. 2.) There are over 300 million "consumers" in the U.S. Other economies would suffer if U.S. citizens suddenly lost all of their money and their spending power. The U.S. could adopt another currency or begin consuming using multiple currencies and abandon the dollar. Financially, it makes little sense to let a huge consumer base collapse and vanish so global companies and countries that export often to us will step in. 3.) Like a repo man coming to collect his due, the countries that the U.S. government owes large amount of debt to will come in to collect their payment. Of course what happens if someone can't pay? Things get taken away. China, a country who the U.S. owes billions to could technically lay claim to the U.S. So we would become a part of another country altogether. As an interesting side note, some local towns in America have started to print their own currency that is traded and accepted among merchants within the town. This shows an extremely important concept in the debate of what happens if the dollar fails. The townspeople in these towns aren't backing their local money with gold or other currency, rather they back it with their confidence. The local money has zero actual value; the only reason it is useful for purchases in the town is because businesses and people that accept it agree that is has some value; they can accept it for a sale and take it to another accepting business to trade for goods and services. This experiment is a microcosm of the national economy and even the global economy, paper money's primary value exists only because the economy continues to believe in its value. Technically you could pick up an orange and claim that oranges are equivalent to what was once $100. If a lot of people also believed it, you'd be buying and selling in oranges instead of dollars. In the end one key concept came to mind when trying to dispel the doomsday predictions: As long as you have some currency that the economy sees as having value you can continue to make and spend money. Does it matter if that currency is the U.S. dollar, a Euro, gold, or an orange?
Comments
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we should probably consider using nuclear weapons to destroy our enemies
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Oh cock
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Isreal has no water. CA will be affected by the mexican drug cartels as well. Rotheschild begin in England. NYC is ignorant & deserves what it gets. DC has always been a disaster....global Katrina....that's funny! NOT, I'm from Baton Rouge Louisiana. The dollar WILL collapse, & people won't be able to ignore the people like they did in Katrina, they will be IN it!
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JFK tried to stop this in the US, we would have no debt now. Every POTUS since him has perpetuated the same agenda. However, the US is not the only country to live. If you are self sufficient the Rotheschild's agenda won't matter.
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That's not true that all human activity is controlled by money....there are people living "off the grid" with their own food, power, & water supplies. In some small countries & even Switzerland, etc people are very self-suffcient, & even totally self-sufficient in some remote places.
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We live next door to Ireland....We will just take their history and live off potatos! Back to medieval times if it happens haha
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I heard if you accept the lord, then you will be teleported to heaven... %1000 not a scam. If you bow to Jesus and psychically tell him he is your master then he will beam your ass to heaven within 20 seconds of the world collapsing.
%10000 N O T A S C A M -
IT'S ALREADY 2016
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If this happens china will get fucked over to since the u.s is there biggest trade partner so they wont recover no country will be safe not even russia so good luck
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This sounds like it was repeated from a magazine, I believe someone else stated that too. Things have gone on apace since this doom and gloom and if you look through the other end of the telescope you'll see what I mean. New Zealand and Australia have linked their currency to China. The UK is debating their position with the EU and is not linked to the Euro, South Africa has announced it intends to return to the gold standard. A number of other African countries are increasing ties to China.
Russia has just signed a trade agreement with China who wants to buy as much oil as it can. China is the biggest holder of American debt and just where do you think that puts America, in the Chinese pocket. China has begun launching its currency with the intent of it becoming the new reserve currency. The west is almost totally reliant on China and the east for for its manufacturing capacity. India has signed agreements with China, and so the story goes on.
To me it is transparently obvious that the pendulum of power is swinging to the east. Every dog has its day, and all you need to do is look at history to show you that. When America asked the UK to become involved with Syria the UK said no, all of a sudden France became America's closest ally, well that's how to make friends and influence people. History has shown when a country turns in on itself, the end is not long in coming. With Home land Security, TSA, FEMA camps, militarisation of the police, encroachment in to the first and second amendments and a sixteen trilion dollar debt over three of which is owned by China, what do these facts tell your common sense? -
why there is the sign of illuminati
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It's 2015 now and the Dollar IS NOT the defacto currency anymore.
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Well england won't collapse soooo lol
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A lot of people keep changing this mantra. But here in 2015 the dollar is stong and oil and commodity prices have collapsed. Why? What these analysts are forgetting is the simple principle of currency truth, it is all relative. Since all countries are debasing their curriencies and most are worse off than the US...the dollar does not collapse...
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it Will Be A Nuclear END
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everyone is looking for a false flag no matter where it comes from ,say for example isis
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You took ninety percent of the narration of a businessinsider article said it word for word and passed it of as your own you fraud.
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Just about your UK thing, no one would ever really harm the monarchy, apart from charles, the monarchy is loved in the UK. Also, while there would be riots, a majority of the UK is capable of keeping calm, though the elites will have problems, a vast majority of them are in London. So the problems will really kick off in London, the rest of the UK will probably either join in or stay out of it (Rest of England, Wales, Scotland, Ireland).
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What a tosser, you got the UK wrong, Mate you said we was world leaders in the slave trade, yeah and we was the first country in the world to put a ban on slavery.
Second Football hooliganism a sign of british collapse. Geezer we do that for a laugh after a few beers you wanker. UK will always be a great place to be. -
This was stuipd. Do you think God needs America or the American dollar to protect his land (Israel?) It belongs to the Jewish people and that is where are Lord Jesus will rule from. The person is correct it is time to get right with Jesus and leave as his Bride in the Rapture before all of this happens.
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