Vulcan_Rider Posted October 23, 2011 Report Share Posted October 23, 2011 very interesting and long video http://www.stansberryresearch.com/pro/1108PSINEWVD/6PSIMA22/PRSame information in text instead of video http://www.stansberryresearch.com/pro/1108PSINEWVD/6PSIMA22/PRHe actually makes some really good points about the possibility of the dollar no longer being the worlds resereve currency and it is a scary thought. Quote Link to comment Share on other sites More sharing options...
ReconRat Posted October 23, 2011 Report Share Posted October 23, 2011 There was talk of switching to Euro for oil trading, and this would be one reason why.But then the Euro Nation got shaky, and doubts about Euro.Not much else to work with... Quote Link to comment Share on other sites More sharing options...
serpentracer Posted October 24, 2011 Report Share Posted October 24, 2011 yeah the countries using the euro are in huge termoil right now. they're having their own bank bailout debacle. germany is pissed and greese is about to collapse. Quote Link to comment Share on other sites More sharing options...
Vulcan_Rider Posted October 24, 2011 Author Report Share Posted October 24, 2011 I dont think it will happen within the next year like he does but i do believe this is a very real possibility in the not too distant future. Quote Link to comment Share on other sites More sharing options...
buildit Posted October 24, 2011 Report Share Posted October 24, 2011 And then there is China that artificially controls it's currency value. Quote Link to comment Share on other sites More sharing options...
Vulcan_Rider Posted October 24, 2011 Author Report Share Posted October 24, 2011 However on the up side if this were to happen America would go back to producing quality products for a decent price basically because we would have no other choice. Quote Link to comment Share on other sites More sharing options...
Steve Butters Posted October 24, 2011 Report Share Posted October 24, 2011 yeah the countries using the euro are in huge termoil right now. they're having their own bank bailout debacle. germany is pissed and greese is about to collapse.greece and hungary are both fukt Quote Link to comment Share on other sites More sharing options...
tyler524 Posted October 24, 2011 Report Share Posted October 24, 2011 It is pretty scary when you think about it and realize that paper in your pocket is just that or that number your bank account is just a number that could have virtually no value some day. Our money is no longer backed by gold and hell there is more than likely not even any gold left at Ft Knox. Quote Link to comment Share on other sites More sharing options...
Vulcan_Rider Posted October 24, 2011 Author Report Share Posted October 24, 2011 we will eventually take a huge hit as a country however i believe that will lead to our country becoming better for the citizens. More employment because we will have to produce our own things instead of buying most of it from other countries. Not to mention it would restructure our government and economic systems (hopefully for the better due to the need of more restraint) which we know we need to do now. Quote Link to comment Share on other sites More sharing options...
Steve Butters Posted October 24, 2011 Report Share Posted October 24, 2011 im not worried about it.whatever happens will happen, i have faith that things will all work out how they are meant to.i know it goes against most of yalls opinions, but i believe the Lord will take care of it all in the end. Quote Link to comment Share on other sites More sharing options...
ReconRat Posted October 24, 2011 Report Share Posted October 24, 2011 Don't know about anyone else, but I have to think of Brazil. Their economy went bonkers in the late 90s, and the money they earned from their paycheck wouldn't make it from where they cashed it to the grocery to spend it. It devalued that fast. They were in that bad of condition. But they survived, and are a reasonably powerful economy now. Eighth largest economy in the world.If anything, that's exactly what would happen to us. A decade of struggle.In part triggered by the Asian economic troubles of the time. Which were brought on by bad decisions and practices by some of the Asian banks. The economic struggles of the renewed Russia at the same time didn't help.The point there would be that even a hint of troubles in the Euro Nation will certainly effect the USA, and vice versa.edit: oh, and don't forget the 512 point drop in the DOW in 1998 as a result. That and several other drops in the DOW that same year. At the time, the second largest drop in the history of the DOW. Quote Link to comment Share on other sites More sharing options...
ReconRat Posted October 24, 2011 Report Share Posted October 24, 2011 Debts to other countries are nothing new, and used to be settled by trading land for debt. So what part of the USA would we give away, that another country would actually want? My guess is that Japan would cover us in trade for Hawaii, which would fetch a rather high value. China, who owns our debt, would take anything. I would guess they would have an interest in our West Coast. Anything from LA to Alaska. Quote Link to comment Share on other sites More sharing options...
buildit Posted October 24, 2011 Report Share Posted October 24, 2011 Debts to other countries are nothing new, and used to be settled by trading land for debt. So what part of the USA would we give away, that another country would actually want? My guess is that Japan would cover us in trade for Hawaii, which would fetch a rather high value. China, who owns our debt, would take anything. I would guess they would have an interest in our West Coast. Anything from LA to Alaska.I keep saying we need to sell Washington DC to China. Unofficially they own it already. It wouldn't hurt my feelings is we sold New Mexico. Let the Chinese enforce the border there. Quote Link to comment Share on other sites More sharing options...
Disclaimer Posted October 24, 2011 Report Share Posted October 24, 2011 Ahhh, and we're back to the "China owns us" myth.http://online.wsj.com/article/SB10001424052748704547804576260980673672952.html Quote Link to comment Share on other sites More sharing options...
buildit Posted October 24, 2011 Report Share Posted October 24, 2011 Ahhh, and we're back to the "China owns us" myth.http://online.wsj.com/article/SB10001424052748704547804576260980673672952.htmlOh stop being so serious. We know that Mexican Drug Lords actually owns the US. Or at least California. Canada Owns Maine and parts on New Hampshire. Cuba owns Florida. Japan Own Hawaii. Finland Owns Utah. Ireland owns Ohio, ergo our new rainy weather patterns. Not sure who owns Michigan. Quote Link to comment Share on other sites More sharing options...
tyler524 Posted October 24, 2011 Report Share Posted October 24, 2011 Oh stop being so serious. We know that Mexican Drug Lords actually owns the US. Or at least California. Canada Owns Maine and parts on New Hampshire. Cuba owns Florida. Japan Own Hawaii. Finland Owns Utah. Ireland owns Ohio, ergo our new rainy weather patterns. Not sure who owns Michigan. I don't know if you could even get anyone to claim Michigan Quote Link to comment Share on other sites More sharing options...
buildit Posted October 24, 2011 Report Share Posted October 24, 2011 I don't know if you could even get anyone to claim MichiganWell, I know the car manufacturers are trying to leave as fast as possible. Quote Link to comment Share on other sites More sharing options...
tyler524 Posted October 24, 2011 Report Share Posted October 24, 2011 Well, I know the car manufacturers are trying to leave as fast as possible. I always just have to bust peoples balls about Michigan. We have a few locations up around Detroit metro area and work very closely with the automotive sector. I just can't stand a good chunk of the people up that way or their mentality Quote Link to comment Share on other sites More sharing options...
chevysoldier Posted October 24, 2011 Report Share Posted October 24, 2011 Hmm....anyone that says "I will share this secret with you soon, I don't want too many people to know about it." makes me very skeptical. http://reviewopedia.com/workathome/stansberryresearch-com-reviews-legit-or-scam/http://briandeer.com/vaxgen/stansberry-fraud.htmJust google "Porter Stansberry scam" and browse around...That being said, yes the dollar and the US are screwed... Quote Link to comment Share on other sites More sharing options...
Vulcan_Rider Posted October 24, 2011 Author Report Share Posted October 24, 2011 Hmm....anyone that says "I will share this secret with you soon, I don't want too many people to know about it." makes me very skeptical. http://reviewopedia.com/workathome/stansberryresearch-com-reviews-legit-or-scam/http://briandeer.com/vaxgen/stansberry-fraud.htmJust google "Porter Stansberry scam" and browse around...That being said, yes the dollar and the US are screwed...yea I cant say i would trust this guys but what he is saying makes sense he just happens to have an interest in revealing these truths for his own gain Quote Link to comment Share on other sites More sharing options...
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