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<p>[QUOTE=&quot;JCB1983, post: 1323392, member: 23885&quot;]This will be very interesting to watch.&nbsp; I am a bit leery of the USD.&nbsp; We should have never engaged in currency manipulation, regardless of what the Chinese have done.&nbsp; A race to devalue the currency is exactly what happened shortly before the great depression.&nbsp; What would happen if the Euro collapsed?&nbsp; Would this make the U.S. Dollar more valuable?&nbsp; Maybe temporarily?&nbsp; How much do we have invested in Europe?&nbsp; I see bad times ahead for the U.S. Dollar.&nbsp; Let’s look at what is going on right now with the pre-elections.&nbsp; Say for instance the left holds on the white house.&nbsp; They would certainly not throw entitlements and big spending out of the window.&nbsp; How about if the GOP takes the nomination?&nbsp; They most certainly would cut entitlements, and other spending..&nbsp; I predict the first would mean an accelerated collapse of the U.S. Gov. and the USD as the world currency.&nbsp; What about the later?&nbsp; Once again an eventual Gov. Shutdown and collapse of the world currency.&nbsp; Why?&nbsp; Because as soon as entitlements cease to exist you would have mass pandemonium.&nbsp; As soon as you throw welfare out of the window, along with social security, you have Occupy Wall Street x 100.&nbsp; You think Greece was bad!?&nbsp; Heck you win a basketball game in this country and people start flipping over cars.&nbsp; Could you imagine L.A.?&nbsp; When this hysteria sets in, people will once again demand their entitlements, which will essentially lead to another gov. shutdown and collapse of the dollar. </p><p><br /></p><p>All the meanwhile you have precious metals just sitting in the earth.&nbsp; Something that has to be physically dug out of the ground.&nbsp; Something that actually has value and purchasing power.</p><p><br /></p><p>A new world currency on the horizon? Debit based swapping as China and Russia are doing?&nbsp; Precious metals and commodities as a real value of currency?&nbsp; Heck if I know, but the day of the American Dollar is coming to an end folks.&nbsp; Also I would just like to mention that cnbc is owned by General Electric, which makes me very leery on any of their money watch or investing reports.</p><p><br /></p><p><br /></p><p>Silver2012[/QUOTE]</p><p><br /></p>

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