Collapse of Western Economy. (part 8.) Getting rid of The Dollar.

[badsign1980]

this guy is with soros, the international jews owe obedience to nothingh and no one destroys anything for money, these people are parasites they dont do anything but suck otbher peoples work

[KennethZuo]

China's central bank, lol, I guess you haven't seen the export based economy in China, it rises with the rise of US housing bubble, it collapses with the collapse of US economy bubble, even the bailout bubble are so identical, buy Chinese ￥? This guy is nuts, the Chinese right now are so afraid to raise the interest, it is a protective mechanism, they see it as a solution.

[Channypogosticks]

@KennethZuo There's a difference between the chinese Yuan and your yen that you are trying to talk about being so bad. maybe its symbol error but if its not then the yuan is not far away from being equal to the dollar only a 6:1 ratio. even the japanese's 101:1 ratio with america still makes a good economy. the main reason is that america is importing rather than producing. if they take away all jobs in mexico and put it in america its good enough to make them # 1 plus their consumerism is bad

[TheFinancist]

Amen for the last sentence!

[Taichigun]

USA and the world will prosper again,after the bonds and the USA$ will be backup by the agreement ,covenant between the Vatican who own most the gold and the Jews who have the papers.

[BigRedMcCool]

The big question is where did all these paper dollars come from? Where? How is it that in 1963 the total amount of U.S. paper currency in circulation and fiat bank credits was about 150 billion? Today in 2008 (45 years later), there is somewhere between 2 to 10 trillion paper dollars and fiat bank credits in circulation. Where did all this currency and fiat credit come from? Where? The FED printed it up! They created it out of thin air! Then these bums dumped it on the world economy.

[1stepaheadofthedevil]

From my understanding there is a law that says the bank has to keep 1/10th of the actual money in the bank. So when the government asks the FED for a loan say for $1M and put it in the bank, the bank only has to maintain $100K. So this means that the bank has $900K of invisible money for loans. Now if you get a loan for $200k, normally you would take that money out and then re-deposit that into your account. The bank now has to maintain $20K in physical money and has $180k invisible for loans.

[jacket23]

luvin the bow tie

[pt1200]

Jim Rogers is a media whore, he steals all his "ideas" from the asian authors.

[egn2020]

Human capital is job skills. The money you spent on going to school being flushed down the drain.

[gearoiddom]

"...loss of human capital..." WTF?

[saveurhomenow]

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[mattcg90]

To Americans:

The Federal Reserve says "foreign currency is legal tender in the US". Trade in every dollar you own! The US government lowered interest rates in Bank accounts to 0%. Yet they make prices skyrocket with inflation. There is no obligation as an American citizen to play this game. Use foreign currency on US soil! America produces no money suitable for our uses.

[unibrook]

Just becuz people have held USD as a reserve currency in the past, doesn't mean they will continue to do so in the future. As Rogers said, GBP used to be a reserve currency too. US answer to everything is to print more money! Gee, if that works so well, how come the Weimar Republic didn't think of that? .... oh wait.

[LastReplaySC]

I wouldn't buy dollars until I see the US exporting cars with hybrid and fully electric run-powered engines as a major income. There are 18 small car makers in the US that are into this and the Govt is bailing out the 3 Dinosaurs.

[Downfacingdog]

This guy looks Asian. I hope he has a good time in Asia, thats a gameplan.

[hittingrabbit]

I got why he's suggesting that the U.S dollar is to be sold.

[moosenstine]

OLIGARCHY IN AMERICA/Since Nov 1963.

[Downfacingdog]

Since J.F.K. had his head vapourized.

[a26i]

Selling your dollars! the most stupid thing I have ever heard. (Correct me if I am mistaking)

What do you mean by selling your dollars? Whom the fuck am I supposed to sell my dollars if everyone sells them? Who the fuck is the buyer? You cant get rid of a currency that is being used all over the world.

[ITILII]

no, keep your dollars, they will be useful as toilet paper in the not so distant future when the powers that be ruin the dollar, on purpose, to bring in the Amero...from the same wonderful folks who bring you the new world order..also you should listen to Jim Rogers, who is a fantastic investor, and an honest man, unlike the talking empty heads of the mainstream media, who see the goldilocks economy..boo yah skee daddy

[a26i]

Sorry dude but you are not answering based on logic.

You know that 70% of other country's currency reserve is U.S. dollars? This means that anything happens to U.S. dollars, all of them are down too.

I am asking again, who is going to buy your dollars? Basically selling your dollars is a nonsense thing to say, n number of seller, would need n number of buyer, so basically you do not sell your dollars, you just trade your dollars.

[yomamanodros]

It is easy to sell dollars. Just buy gold or silver and you have successfully rid yourself of dollars.

[falcon2154]

The buyers are morons like you

[Faustulus777]

Nobody is that bad by accident: The Federal Reserve is bad on purpose: it's involved in an economic coup.

[pcise198]

it says 12 comments but i only see five.. well either way , keep the info rolling !!!

[cybersphere]

Most people on youtube are retards, as evidenced by 90% of the comments. No wonder the economy is in such a mess.

[smileychirk]

Yab a zab a doo.

[temagrunis]

wht a fucking problem with u economy! fight!

[steppinstone4]

I'd like to spit some Beach Nut in these dudes eyes, and shoot em with my old 45!!! EXCEPT,,,,I hate that redneck tabakky shit and my parole officer says I can't carry $%%#^&@# weapons anymore!