D-Day, What ya' think, is the Dollar Gonna Fall or Not?

So has anyone here heard anything about the dollar falling at the end of this month? What ya' think, is it hogwash? The truth? It means gold should spike, who knows? Just scare tactics from the doom and gloom posse? Why?



http://pro.agorafinancial.com/AWN_dollarreset_0716/PAWNS850/?h=true

 

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They've been saying that for the past few years. The dollar is getting weaker so a collapse is possible & likely eventually. I guess we'll find out in November

 

For the last FEW YEARS? Try the last two decades or more. They're no different from used car salesmen on TV.

Chris

 

Trying to not be so dramatic, but you're right. Probably 4 or 5 decades, but who's counting

 

This garbage isn't even worth commenting on. People who believe it are too stupid to be argued with.

 

If you actually went to that site, you might check your security for safety.

 

Good idea!

 

Everybody would love to know in advance, but the truth is, nobody knows for certain. All of the experts, and "insiders", and graphs and pie charts and astrology buffs all take one. Big. Guess. And it seems like one guess is as good as anyone elses. From Yellen's own mouth, to expect at least 4 rate hikes this year. We've had none. After the announcement the other day, it took about 2 whole minutes for some "expert" to come on the radio and say " see?, I knew it all along, so probably we will see a rate hike in December, and our analysis says there will most likely be 2 rate hikes in 2017." Where did he get that from??!! He just pulled the number 2 out of thin air, and boldy proclaimed it as hard evidence. Lol. Nobody knows.
Wish I did though.

 

Ask yourself, why do the people who tell you "buy gold, buy silver, buy survival kits, etc." because the Dollar is going to collapse and be worthless, demand that you pay them in US Dollars for the products they are pedling?

Surely if they thought the Dollar was in danger of imminent collapse they'd want payment in something other than Dollars.

 

Duhhhhhhhhhh -- and AMEN!

 

One of the tactics I've seen these people use to lie to the public is through lectures on how the Roman Empire 's devaluation of the denarius led to the collapse of the state, and try to link it to the US leaving the silver standard in 1964 as proof of imminent collapse.

One problem though, I'm an ancient numismatists, and I can tell you for a fact that the Roman Empire lasted for 213 years after the denarius/double denarius became essentially fiat currency (and nearly 1,200 years more if you count the Byzantine Empire which relied mostly on devalued bronze and billon coinage). Not to mention the fact that the Empire was much stronger 50 years after devaluation than it had been 5 decades prior when the coinage still had silver but the Empire was breaking up into pieces.

Not to even mention that China thrived for 2,200 years on nothing but fiat currency, and plenty of other ancient and medieval kingdoms and empires lasted hundreds of years on nothing but fiat currency.

It's hard to sucker people that know history and ancient/medieval numismatists with that snake oil pitch when our books and coin collections contradict the garbage being pumped out by these so called "experts".

 

Well if the scenario is going to repeat, I guess we can expect another 'alternate money', Bitcoin Redux here it comes. Paper, bullion worthless, only bits in the ether are profitable.

Actually, an Option play with gold ( maybe GDX) far out of money might be good if the dollar stands. Was on the border today, Mex. Peso @ 19/USD ( mas or menos).

 

Agora Financial has been churning out conspiritorial nonsense about elitist currency schemes for years.

 

Funny, this is the first I've heard about it. Guess I live a sheltered life.

 

My crystal ball is currently away for a scheduled maintenance check. Will get it back on September 28, and answer the question then.

Christian

 

And we wonder why people buy from television coin hucksters. Well, here's your answer.

 

At 4:00 PM Eastern time on Sept 30th 2016 there is to be created a competing new world currency. Whether it affects the position of the USD as the reserve currency of the entire world or even if it will survive; make up your own mind after studying the evidence.

Will the dollar collapse and become worth zero? Absolutely. I have no doubt whatsoever. My reasoning is that in the history of human kind, there has never been a fiat currency survive. Never. Ever.

I see no evidence that this one will be any different.

The timing? I have no idea. 5 days? 5 months? 5 years? 50 years?

 

100% unadulterated snake oil. If you're of a mind to buy, I'm sure they have plenty to sell you - but you must act right now!