2016-05-28 Dollar Collapse

Did You know that the USD will collapse [b]100%[/b] by the end of this month? Now you do.

youtube.com/watch?v=9Z5py1098RA

Buy silver!

[spoiler]I first saw these videos just today. They've been uploaded mainly by two different YT channels, Money news and Economy News Today, all with a title along the lines of "US dollar will collapse 28 of May". None of the videos I've seen so far have actually contained the date mentioned in the titles, which leads me to conclude that it's all a big clickbait scam. Furthermore, a perfunctory Google search has failed to yield a relevant match.

Nevertheless the USA has a debt that is counted in the millions of millions, so I can't dismiss these claims easily. Can you please weigh in on this?[/spoiler]

Yes, I do think Sup Forums is the correct place to ask this.

Ron Paul has been scream and yelling about the gold standard... too bad that it's the Chinese who took the advise meant for America.

China is printing notes backed with gold.

So yeah, pepper your anus. Shit might his the fan but this gold backed Yuan scare could just be disinformation.

Then again... US media ain't covering it.

Whatever... not like I care. Meh.

Do you know how many times people have cried Wolf! on this shit?

It's not fucking happening.

List of failed countries whose currency collapsed and whose citizens carried on business by trading gold and silver:

1.

Wrong thread autist

damn this must be true some asshole in finland thinks so......

ALL BEWARE THE 28ND

28ND
28ND
28ND

Sup Forums has never been right about happenings
ever
fuck off with this, it belongs on /biz/ anyway
also
>in may 2016
nice engrish

this

Hi FSB shill. Hope you love selling your soul for $1,000 a month. Putin whore.

so all I have to do to make people think it can't happen is tell people over and over that it will happen?

wow, good tactic

oh, and in the story you are citing

IT FUCKING HAPPENED

you morans

It's 100% true. You should empty your savings and buy physical gold and silver RIGHT NOW.

>morans
face it abdul, nothing will fucking happen
NOTHING EVER FUCKING HAPPENS, I seriously wish mods would either ban or move these threads to where they fucking belong.

...

>I seriously wish mods would either ban or move these threads to where they fucking belong.
he says whilst bumping the thread

what a fucking grade F moran

there was a wolf! the boy got eaten

I saged you fucking retard
do you not know what sage does?

good there is only $1.12 in my bank account simply to keep it from closing ha ha hahaa haa

kill pls

By the end of this month? Seems a little early. I suspect the FED will send interest rates sky high to crash the economy if it becomes apparent Trump will win the general.

kill yourself if you actually believe any of this

does it make food more tasty?

is it a condijment for burgers?

I wish

I looked it up, and apparantly it's some kind of herb

I still have no idea if it's pronounced Sage as in "a wise old sage", or sah-gay. I always went with the former because /tg/.

Looks like the Hillary shill bots are writing adaptive responses but fail to post them in the correct thread. Lmao just give up already

Do you guys read the news and keep up with conspiracy theories?

Apparently, the Arab Spring and the Panama Paper incidents could have been linked to gold. As in, the world elite punished countries and politicians in countries in which money was backed by gold or going to be backed by gold.

If China wants to print gold backed money, then some in the West will be extremely pissed off.

So we should all prepare for WW3.

- trade war
- currency wars
- all shit ton forms of war

Venezuela is in the shitter, filled with oil, ripe for military intervention.

So...all you fuckers, go enlist in the army. A war is coming.

This isn't even a secret. This is why this US election is such a shitfest.

Hillary is a mean globalist and with her husband, they both represent the top 1% or the top 1%.

There might be shit going down. East vs West, Red vs Blue, God vs Man.

I'm gonna go hide in the mountains and meditate.

SHE SMEARS HER CAMPAIGN PRETTY WELL WITHOUT THE HELP OF REPUBLICANS. AND YES SHE IS DEFINITELY PAYING SHILLS. YOURE ONE OF THEM NIGGER.

No one is being paid to shill for Hillary. It's a Republican-funded lie and a pathetic attempt at smearing her campaign.

...

nothing will happen and i am willing to bet 1000000 euros

ITS HAPPENING !!!!!!!!!!!! US 10yr Treasury Bonds $1.77 3rd lowest
Bond issued in 2012 peaked
and you guessed it QE 3

haha i'm get me some of those gold buffalo coins on tv. only 20$ a pop. limit 20 per call. the power of gold buddy.

In March or April 2016, China announced it would buy Russian oil with gold backed money.

You know how much this makes the west foam at the mouth?

Qaddaffi got, allegedly, killed for this shit.

Can explain why the 28th?
I don't want to read some gay ass article
I wish this shit could just happen tomorrow

SO It Means QE4 Bitches !!

>So...all you fuckers, go enlist in the army. A war is coming.
the elites are cooking up another war, so go enlist?

wut?

we knox now.

K keep me posted silver shill.

Buy silver goy-uh guys!
t. Shlomo Silverberg

The dollar will go to its intrinsic value, which is close to zero. Timing when it will happen, however, is a fool's game.

Ask yourself this: Why is the USD valuable?

Ask yourself this: why are memes valuable?

Because they're entertaining as all hell and they are magical.

Do you remember last September?

I'm up for a debate with a hyperinflationist. The USD is valuable because if the U.S. government levies a tax on you, you are forced to pay that tax with USD or you'll go to prison. You can't pay it with Euros, Yen, gold, or oil - they will ONLY accept USD, and that's why they're valuable. The USD is your "get out of jail" card when you're faced with a tax.

Awaiting your reply.

...

This. Last September, all the Austrian doomsday preppers were saying something about a 7-year Jewish cycle that always repeats in September. They claimed 9/11 and the 2008 financial crises were simply part of this "cycle" and therefore we were guaranteed to have a dollar collapse in September 2015. Looks like "May 2016" is the new Schiff/Maloney fantasy timeframe.

>[b]100%[/b]

i agree with Ron Paul on the vast majority of things.

the gold standard is NOT one of them.

it's a stupid idea with absolutely no basis in reason.

he's absolutely right about needing an honest money system, and that the Federal Reserve is one giant scam, but the problem is NOT that the currency isn't backed by gold or some other metal - the problem is that the currency is DEBT-BASED. a nation's currency *should* be backed by the labor and production of the nation, not some arbitrary metal. besides that, the same people who set up the Federal Reserve can bankrupt you just as fast on a gold standard as they can on a fiat system (and the name "fiat" is a stupid term, anyway; wouldn't a gold-backed system likewise be "fiat," as someone has arbitrary said "let it be so" to backing the currency by gold?)

but yes, our currency is doomed, and what happens after it collapses is anyone's guess, since so many assets and commodities worldwide are denominated in dollars.

That's only part of why it is valuable. It is also valuable because there is at least $60 trillion in debt, both public in private, in the US and it is legal tender for all debts public and private. I guarantee that you know a lot of people in debt who will take your USDs because of this. It is also valuable because of its status as the world reserve currency due to the petrodollar system where crude oil is priced in USD. That depends on our relationship with the Saudis, which is strained at the moment.

Keep in mind that the M2 currency supply is ~$11 trillion, and that is where the funds to pay that $60 trillion back is supposed to come from. Start paying those debts down, and M2 currency gets destroyed, making it harder to pay the debts back. Take on more debt and create more M2 currency, but at interest. The system must grow, or collapse. Since continued exponential growth is impossible, the system will eventually come crashing down.

Can you explain to me what a currency backed by the labor and production would look like, and how that would differ from a "debt-backed" currency? What is your issue with a debt-backed currency? I think it sounds a lot scarier than it actually is - in double-entry accounting, every debt is someone else's asset, so you could just as easily say that it's an "asset-based" currency.

Ive spent the last few years being a happener and warning everyone etc. But I don't believe that collapse will happen this month. The government still has two tools left to continue delaying the crisis: QE4 and NIRP. Those two things will delay the inevitable but make the ultimate collapse much more painful.

That said, Im still watching the video. Ill see if he can change my mind.

>the dollar is about to collapse
>I don't say this to scare you
>proceeds to draw the word CHAOS in big letters across the screen

Yeah, okay.

>not some arbitrary metal
Both silver and gold will always be valuable to human societies(along those exist), how much is the only arbitrary thing about it, still much better than the current monetary policy based on a paper intrinsically devoid of any value .

>our currency is doomed, and what happens after it collapses is anyone's guess, since so many assets and commodities worldwide are denominated in dollars.
and after the dollar has died, will people still like wonderful shiny metals?

oh look, fiat money is unconstitutional

"No State shall...coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts....

ARTICLE I, SECTION 10, CLAUSE 1"

>That's only part of why it is valuable. It is also valuable because there is at least $60 trillion in debt, both public in private, in the US and it is legal tender for all debts public and private. I guarantee that you know a lot of people in debt who will take your USDs because of this
This is valid, but I consider this "secondary" to the reasons I gave because it's technically possible that the lenders you describe would accept something else in the payment of those debts, whereas the U.S. government will never accept anything other than dollars. Either way, though, this supports my side that the dollar is valuable, so I don't want to linger too much.

>It is also valuable because of its status as the world reserve currency due to the petrodollar system where crude oil is priced in USD. That depends on our relationship with the Saudis, which is strained at the moment.
Keep in mind that it's not as if the world arbitrarily bestowed the petrodollar system and the "world reserve currency" status on the US for no reason, and therefore we enjoy an unfair advantage. It's the other way around - because our currency is so valuable, our military is so powerful, and our industrial base is so massive and diverse, the USD *became* the world reserve currency. Could that change someday in the future? Sure, it has already started. It would just mean that the USD would become more like any of the other hundreds of fiat currencies around the world that people value. The Yen, the Euro, the Pound, the Kiwi, the Ozzie, etc. aren't the reserve, and they aren't collapsing just because they're debt-based.

1/2

Silver is a retarded investment. If the dollar were to crash to the point where using silver as currency is more viable we would be facing a true apocalyptic end of the nation type of scenario.

That's just not going to happen.

When has Sup Forums EVER been right about a habbening.

I'll wait.

good thing i got a strap

debt based currency IS backed by labour, you fuckin idiot

the reason the US can accrue this debt is because; surprise surprise; they use our labor and production as collateral

hurrdurr

>That's just not going to happen.
how do you know?

is your proof that you are personally incredulous of the claim?

MARTIAL LAW, RFID CHIPS, OBAMA WILL STAY IN POWER

>This is valid, but I consider this "secondary" to the reasons I gave because it's technically possible that the lenders you describe would accept something else in the payment of those debts, whereas the U.S. government will never accept anything other than dollars. Either way, though, this supports my side that the dollar is valuable, so I don't want to linger too much.

Actually, if I offer to pay off a debt or part of a debt with USD, and the creditor says "no, I want gold," the debt, or whatever portion of the debt that I offered to pay off is null and void. We can prearrange to pay via other means, and I could agree to pay in gold, but why would I do that when I've just extinguished a debt without paying?

Furthermore, the IRS can come in and start seizing assets to auction them off.

The scary shit is that its believed China won't take dollars for gold backed yuan. No fiat money for gold backed money. The money backed by gold is gonna be used to trade oil and shit.

US economy could go to shit because the US money won't be backed by labor or gold.

China is hoarding gold, has shit tons of laborers, produces a shit ton of food, etc.

Even if there isn't a world war and the power shift to the East happens peacefully... shit is gonna get hairy. Lots of places will become very unstable.

Maybe Bernie Sanders is the best choice because the future may be inevitable and the US government may be conquered by hardline socialists who will promise to keep people fed during the transition by controlling all of the resources.


Vote Bernie because you'll need to eat after the collapse.

>Keep in mind that it's not as if the world arbitrarily bestowed the petrodollar system and the "world reserve currency" status on the US for no reason, and therefore we enjoy an unfair advantage. It's the other way around - because our currency is so valuable, our military is so powerful, and our industrial base is so massive and diverse, the USD *became* the world reserve currency. Could that change someday in the future? Sure, it has already started. It would just mean that the USD would become more like any of the other hundreds of fiat currencies around the world that people value. The Yen, the Euro, the Pound, the Kiwi, the Ozzie, etc. aren't the reserve, and they aren't collapsing just because they're debt-based.

Actually, when the dollar loses WRC status, it is very likely that many of those foreign held dollars will come flooding back. We've exported much of our inflation, and when the rest of the world comes to the point where it does not need USDs to purchase oil or conduct global trade, they will start looking to US assets to put those dollars into. That won't be pretty.

Look at pic related. It is a proxy for total debt in the US. See that little dip right around the time Lehman took a shit? That little dip almost brought the entire system down. It unleashed the AIG bailout, TARP, QE1, QE2, Operation Twist and QE3. I'm serious when I say that the debt cannot decrease, else the system collapses. Decreasing debt is decreasing the money supply.

>Vote Bernie because you'll need to eat after the collapse.
>communism will keep people fed

Uh........

>Keep in mind that the M2 currency supply is ~$11 trillion, and that is where the funds to pay that $60 trillion back is supposed to come from. Start paying those debts down, and M2 currency gets destroyed, making it harder to pay the debts back. Take on more debt and create more M2 currency, but at interest. The system must grow, or collapse. Since continued exponential growth is impossible, the system will eventually come crashing down.
You can't only look at one side of the accounting ledger like that. Even according to the nonsense US debt clock (designed specifically to scare you into voting to cut government programs) the U.S. has ~$125 Trillion in national assets. The assets and the liabilities of the US, and of the world, always grow together. You can't only look at the debt and then claim that it's a huge disaster.

You are correct that there can be issues if everyone tries to pay off their debt at once, that tends to lead to banking crises because people run out of liquid funds to make their payments with. However, that's where the idea of counter-cyclical spending comes from in Econ 101: when the private sector is spending and going into debt, the government can cut back, but when the private sector is tightening their belts and paying off debt, the government should deficit spend to offset that.

do you realize those coins are plated in like 1/10 grams of gold?

It would be the desperation move by the elite. The socialist police state will try to keep people fed with what is left for as long as possible and try to maintain law and order.

That's how it happens.

Look at who's in charge. Even if Bernie doesn't win, we'll probably get a mean version of Bernie after the collapse. The plebs are gonna be rioting and burning shit.

everything on the internet is real. Also dat monetization though...

I had this awesome reply typed out for this, then I briefly lost my connection. I had it copied just in case, but then I accidentally hit CTRL+C instead of CTRL+V and lost it.

Anyway, much of what you say here is addressed here

CBOE Interest Rate 10 Year T No (^TNX)

1.76 Bitch

the blood spills soon champ

In recommended, just on the right, diffrent bunch of channels but same shit...

>Ron Paul Confirms that Dolar will collapse on 28 may, 2016.

>Ron Paul Confirms that Dollar will collapse on 28 may, 2016.

>Russian General Confirms that Dollar will collapse on 28 may, 2016.

>Secretary of Finance Confirms that Dollar will collapse on 28 may, 2016.

>Anonymous Confirms that Dollar will collapse on 28 may, 2016.

Why is this shilled so much and by who and why? This is clearly a niche viral marketing but cui bono? cui prodest?

Sup Forums is always right, except for Happenings.

>[b][/b]
Nyt Joni vittu.

It gets clicks from libertards and paranoid conspiracy theorists.

actually they have even less it's like 5 mg of gold

Sure it will.

It's right on all the happenings it's just wrong on a lot more

good because you're a fucking idiot there is no gold backed Yuan the Chinese simply opened an exchange market that trades Yuan into gold nothing more. But to idiots and people who fall for anything it's the 'muh Gold Yuan, U.S. dollar collapse'

People with stock in silver always say the dollar will collapse. Max Keiser was saying it back in 2012, and it never happened.

Claims that the dollar will collapse are purposed for speculation, plain and simple.

Yeah i posted that after watching it, then i read the whole thread and its pretty apparent its a fucking clickbait shitfest.

Ehh nevermind, not this time my happening hat, not this time.

>designed specifically to scare you into voting to cut government programs
>Econ 101
oh look, a charlatan

Funny, FP in the 80s they said the dollar would fall in 2018, so I am going to stick with them as they are very rarely wrong.

Oh look, the monthly 'US dollar will collapse by the end of the month' thread.

shit has literally been going on non stop for 8 years. its not gonna happen.

gais, it dun never happened yet, so it cand neber happened!!

At least they'll be right when it does happen

I'm not gonna fall for this silver bullshit. You almost got me the fucking first time around, but not this time.

Complete economic collapse?
Good, then our countries can unite under nationalist rule, print our own currencies, and stop basing our world on the jew banks.

Given how much gold China has the fear is that they would be able to set a new price for gold independently of the west which has relatively little physical gold when compared to China. What happens if China suddenly decided that the spot of gold needs to be realistic not this depressed price we have right now due to paper trading of over leveraged gold.

Babby's first financial collapse thread on Sup Forums for so many fucking people in this thread

China doesn't have that much gold. Please look up who holds the most gold in reserve by a metric fuck ton and then realize it's good old Uncle Sam and it always will be as the U.S. government literally has a doomsday dollar collapse scenario that focuses on having tons of gold in order to keep the country running. For as much as people shit on our government and it's waste they really do due some things with foresight to plan to protect us citizens because without us they lose all their power as well.

and who owns that gold? is it hypothecated?

Oh boy another shill video from the silver/gold salesmen. Sure sounds legit. USD will obviously collapse at some point, but nobody knows when that point is. It could be 100 years from now

People who believe that gold and silver are about to go through the roof are running ads everywhere telling you that gold and silver are going to go through the roof, and they have some, and they want to sell it to you now at current prices...

Anybody else spot the issue there?

no it's not enough with the 'muh U.S. owns no gold meme' you really think that the U.S. government would give up it's gold ever? There's a reason why Nixon told the French to fuck off and ended the dollar gold convertibility not because some vast conspiracy but because foreign nations were converting their reserve dollars into gold as $35 an ounce which is what the U.S. holds and values it's gold at even today and then taking the gold and selling it for way more in the international gold markets essentially double ripping the U.S. off. Nixon was in the right telling the world to fuck off and protecting U.S. gold

I can't think of an example where the currency collapse didn't kill the country with it, such as ancient Rome.

>China doesnt own that much gold
>Despite the fact that for the past decade it has been consistantly the highest buyer of gold in the world
>Despite the fact that they bought a majority of Canada gold
The US has barely any gold fuckwit.
> For as much as people shit on our government and it's waste they really do due some things with foresight to plan to protect us citizens because without us they lose all their power as well
Oh, you are just a shill, carry on.

This might be necessary to tip the scales in Trumps favor. Hitlary wouldn't know what to do.

Kek this guy understands. They are literally so enthused to take your federal reserve dollars for something they claim is going to be worth so much in just a short time so they can continue to live a lavish life using those greenbacks.