When will the Dollar Collapse? Global Currency Takeover?

[TheAerosmither]

that what happens when Human made system replaces Gold, Silver and Food with paper money. not mentioning using Usury for their Benefit and printing more paper out of thin air. "speaking of equality and fair Market"

Islam knew the facts but they still trying to Justify themselves.

they can run but they can't hide.

Human brain is not complete, Revelation is.

[neanam]

How you know so much cryrus

[guitarconspiracy]

yeah, I know.

[jimbobubbadj]

I think that globalism is going to peter out. There is not going to be the energy to be able to run it. Things will be more local. Less energy means less transportation. Also due to less energy, there will be less available for wasteful endeavors such as more management which would be necessary to run a one world system.

[Cyrus992]

@jimbobubbadj

Well you will like my possible coming "renaissance" clip. It delivers my plans and goals which highly relates to a more local networks.

Besides, I have also thought about how this energy situation might impact the growing globalization trend. Thank you.

[silveristhefuture]

@Cyrus992 How do i get my parents to take the cash out of their IRA? I've tried and tried but they talk about the penalty for taking early. I tell them silver gains will far far far wipe out the penalty (so will inflation)...and they just let it sit there. at least they sold their stocks a while back, but they still have cash sitting in an account. its bullshit...i feel secure with my amount of physical, but fear for my parents who just dont get it.

[jimbobubbadj]

@silveristhefuture Tell them to take the penalty. Better to get what they can get now then none later. The dollar is either going to collapse or hardly have any purchasing power later. Tell them to read the book by Edward Griffin "The Creature from Jekyll Island". It should be available in the Library.

[silveristhefuture]

@jimbobubbadj That's what I told em. Is the creature about how the FED came about? I think they might be able to learn more from "The Money Masters" video documentary.

[jimbobubbadj]

@silveristhefuture Be careful about Bill Still who made "The Money Masters". In his "Secrets of Oz" flick, he does not believe in a gold standard. He feels that government doesn't need a hard limit. He believes that the government can manage money properly if it issued the money directly itself. Government doesn't run anything properly. Having the power to manage money fits into the "Power corrupts and absolute power corrupts absolutely".

[silveristhefuture]

@jimbobubbadj Nope. The FED shouldn't control our money supply, the GOV should. the only means of increasing the money supply (inflation) is by a national RAW vote form the America people. If 51% say to inflate our currency we should.

But the most disugsting thing in this world is that we have to give some of our time (time = money) back to the central banks in the form of interest.

govs tax us, central banks taxes them. so we get double taxed. then triple taxed from QE

[silveristhefuture]

@silveristhefuture and by the GOV I mean THE PEOPLE. The gov is just suppose to be an agency for the people, even though that's not what it is today. As long as the people could vote on QE, things would be all fine and dandy. Because they would always vote no.

[jimbobubbadj]

@silveristhefuture Central Banks should not control the money either. I don't trust government or banks. Neither IMHO should be able to issue money. If there must be a central authority issuing money it must be backed by gold. Government needs hard limits. Government does not do what the public wants. For example most people are against the Bank bailouts, the government did it anyway. Based on this, government will continue to not manage anything especially something as tempting as money.

[jimbobubbadj]

@silveristhefuture I did a video about "Secrets of Oz". There is a great video response to my video about it as well. I hope that you will check both vids out. Peace out. watch?v=38lAKJabsiQ

[silveristhefuture]

what's SDR stand for?

[bahytik]

@silveristhefuture

Special drawing rights, means only US can print dollars as a reserve currency since gold standard was cancelled

[silveristhefuture]

@bahytik well i guess that won't matter. other nations (esp china and russia) dont care about those stupid international laws. what do you suggest will be the new reserve currency? (because no matter what, it wont be usd)

[bahytik]

@silveristhefuture I absolutely agree that new currency is coming. However, I am coming from post USSR country and I am pretty familiar with the realities in Russia. What I personally think is that US and China are still dependent and certain circumstances won't allow them to fully dictate, they are simply a part of one common game. However, I believe there are different political forces that will determine the faith of new world economy.

[bahytik]

@bahytik Plus I believe new currency will come along with new economic/political leader, US will be replaced as Britain empire was replaced after WW2, in order to solve the situation, the economy must be reloaded, so as currency. I think it will not be euro, its too weak, but rather a new currency. lets wait ))

[tesskansas]

Maybe try to lighten up on the frequency of when you say "You know."

You are a wonderful speaker. Filler expressions distract a bite.

I believe you have ToastMaster's Int'l group in your neighbor. I attended a few meetings while living in Huntington Beach. It was life changing.

Best of luck with NIA.

BTW, some people say "you know" too often, others say "um" to often. I have to work at both.

[softmelody91]

ya been thinking about buying a 25oz's maples tube before it become to expensive

[Cyrus992]

@pdlumina

Well... right now I don't even have enough to move!

My hope is to move ASAP.. Got any plans for me? 

[Knossos22]

@Cyrus992 The LA Basin has about 17.7 million people and 3 days food on the shelves. If there is a major oil disruption the LA Basin is a death trap. i.e. all large cities are death traps at the ends of complex supply chains. Looking at the economy as a complex system then fuel is one of the primary dangers for single point failures.

Economies need to be redesigned for resilience. Otherwise, it is just a question of when there will be a collapse not if there will be collapse.

[Cyrus992]

@Knossos22

Tell me about it. Our area (you also forgot San Diego and Tijuana) is almost dependent on others when it comes to food, manufactured goods, water, and especially oil.

Similar to what you have just pointed out, we do need to increase of local networks of energy, transportation, social, cultural, artistic, education, health, legal, economic, and financial activities. We can do by especially creating more walkable, connective, diverse, mixed-use market-oriented urban areas.

[Knossos22]

@Cyrus992 Have you watched Commanding Heights? I think the whole series is about 6 hours and features Jeffry Sachs, among others.

/watch?v=KfwclEAX6tM

There are various criticality one failure points in complex machines. The Space Shuttle has something like 105 such parts that would result in a loss of vehicle if they fail. Civilization has various such failure points as well. The supply of energy and, as you point out, water are among the these critical systems.

[Knossos22]

@Cyrus992 Considering the magnitude of some necessary systems - roads, rail, energy, water - they have traditionally become socialized systems. The battle over socialized and market systems has been left unexamined, to a large degree. Society functions without a clear understanding of what systems should be or need to be considered "Commanding Heights" and what are best operated by free markets... and why.

There are problems with either approach; the distribution of wealth, for example.

[Knossos22]

@Cyrus992 As the price of oil continues to spike the worry about pervasive pernicious inflation is again dominating. The bottom of the economic pyramid is rapidly being drained of its capital. This time the credit available to these billion plus people is not as available or as easy. If we revisit $140 a barrel oil, and $4.50 to $6 dollar fuel, there is going to be a real pinch in the US economy. Europe has high gas prices but they only use about 1/3 as much fuel and more of the cost is for tax.

[Cyrus992]

@Knossos22

Oh I do see much more pinches ahead in our society.

Can you even image how all of these car-ridden cities that seperates the offices, retail, housing, etc.. will become more dysfunctional?

[rjcontra]

buy any kind of silver...stay away from the fancy coins...no one will buy them from you when things hit the fan...as long as it says .999

[softmelody91]

what kind of silver should i buy?

[IBloodSweatTears]

@softmelody91 Silver Bars & bullion coins probally...

[Cyrus992]

@softmelody91

I will just stick with Maple Leaves if I were you.. depending on how much you want.

[softmelody91]

thanks



[endlessmountain]

i was trying to figure out how i remembered your voice and face and then i remembered as you were in a G4T video and I loved what you had to say in that piece. Rock on dude.

[softmelody91]

thanks only 19 but have money in my savings to buy 1k of physical silver and thinking about buying stocks with rest of my savings but im still learning how to invest . only been at it a year and still a noob at this.

thanks for the reply's.

[charlesfuchs]

Hey man, I see far to many people fall into this trap. Instead of worrying about the "system" do something else. Try to make some cash and change your ideologies. Look for the postive, there are millions of dollars to be made right now. dont live in fear.

[softmelody91]

probably buying silver this week do you know if the price of silver will go down any time soon?

[ozinik]

@softmelody91

Short run, silver fluctuates up and down.

Long run, silver will make a huge profit . 1-5 years expect it to quadruple.

[tigerwillca]

@softmelody91 Minor pullbacks just buy your Silver and hold until the value of a days worth is true to at least one ounce of silver.Balance out what people can afford now days with 30% unemployed...mabey 1000 ounce 5000???Take a look at AGQ Double Silver stock percentage gains ride it up then take it out within 2 years and buy PSLV physical shares or physical...

[gasdorf]

oil $150 ? maybe