The Coming Dollar Crash

Larry Explains the seriousness of the global financial crisis

Category:

News & Politics

[xxTheRevolutionxx]

"My Kingdom for a robe" LOL! Wonderful video. Your words speak the truth, my friend. A very impressive piece of artwork. Loved the outrageous gesturing.

[jiminiflix]

@xxTheRevolutionxx "my kingdom for a rope" 

[juliaisafilmbuff123]

I have a feeling that these Ron Paul/Peter Schiff people WANT the US dollar to fail, because the price of gold will shoot waaaayyy up and most of those people own gold.

[jiminiflix]

@juliaisafilmbuff123 its inevitable every culture that prints fiat culture and over prints it has hyperinflation, US debt is beyond help. Lets stop pretending the US is immune from the consequences of its wrong decisions

[Gnostic279]

@wahr1 The value of gold it'self it not changing enough to make much difference. 1 big thing we haven't mentioned is that it is a fiat system this means someone is manipulating the price of things that is why gold didn't increase much until recently and thwe t-bills are manipulated the same. It is being done not just happening. I don't know enough to argue this with anyone. I just know in an over-simplified way it is right.

[wahr1]

@Gnostic279

Actually, gold's value is changing. Are you saying the hysteria which gave rise to this video is not causing more people to go after gold? The national debt has been skyrocketing since 1981, the value of gold has only been skyrocketing since the crash shook consumer confidence. You'll note also that the amount of interest the US pays on its t-bills has also diminished to almost nothing, that's because people are after stability, and just like gold, t-bills have a stable rep.

[wahr1]

So far as ending government spending is concerned, we should stop providing "socialized military" to the rest of the planet. We maintain tons of bases in the eu and middle east when the former has higher gdp than we do, and thus doesn't need it, and the latter doesn't want us there at all.

a tiny fraction of that money could fund "cadillac plan" medicine for every american citizen and still pay down the national debt.

[wahr1]

I know there's a lot of railing against "make-work" and government spending during a recession, but recessions happen because aggregate demand has dropped.

Wages from government funded "make-work" are exactly what is needed, however, to encourage recovery. These jobs provide money for people to spend without actually competing with the private sector, meaning all demand is funneled into the real economy. As the economy recovers, people will leave make-work jobs for higher-paying private ones.

[GrandFunker]

Funny hopw Larry King is looked at as something special. He was a ratings failure on radio, before being given a peach of a spot on prime time on tv. His ratings sucked there too...I mean hell! he was losing to Bill O'Rielly, a lame ass entertainment reporter.

[GrandFunker]

@juliaisafilmbuff123 Funny how peeps who notice things first are accused of "wanting it to happen"...

[Gnostic279]

Nothing wrong with living in a tent. As people get over their pity we can live happily in tents and teepees.

[Gnostic279]

@juliaisafilmbuff123 Gold's value isn't changing. The dollar is dropping. It simply take more dollars to buy the same amount of gold. The only thing that affects gold's value is supply and demand. The demand is generally the same and the amount is being controlled.