Worst Case: The Day The Dollar Falls Part 1/6

This is a Dutch (Netherlands) documentary from 2005. It is about a 'Worst Case' scenario where speculation on the currency exchange market plus a substantial sell-off of dollars from a hedge fund cause a chain reaction in the market, the economy and the political system.

I uploaded it as it is quiet astonishing what similarities the 'expected' events have - with what we have seen in the past months since the sub-prime mortgage market broke loose. Manufacturing (global economy/trade) came to an nearly grinding halt. And what we see right now (or will see) with quantitative easing/low interest rates in the US&UK or the debates what is the right and what is wrong approach. And what political tension it can create (as we have seen in the discussions and comments at Davos Jan 09).

Category:

Education

Tags:

• peter
• schiff
• dollar
• recession
• economy
• oil
• europe
• euro
• politics
• scenario
• planning
• gold
• trade
• global
• deficit
• saving
• USA
• US
• consumption
• asia
• Singapore
• speculation
• bubble
• house
• price
• market

[myheartskry]

Nafta isn't free trade, it's managed trade.

[kvlo1986]

Sometimes I wonder what the hell its going to take for everyone to hit the streets in a synchronized fashion, protesting, and taking back our country, taking the white house like the French did with the Bastille, and restore national pride and human dignity. This is absurd, we outnumber these assholes by the millions, and even the military is their victim and can be turned. Much suffering can come folks, we might be living a pre WW2 Europe. Remember, this goes on as far as we let it....

[TWSceptic]

@kvlo1986 It takes a lot. But one example that may do it: if the middle class sees their savings destroyed by the fed. Or another one: people who see their health care severely reduced. All very possible things for the next 5-10y.

[mjh62889]

Dude it's nice that you and the hand full of people you know are living within their means, but numbers don't lie about the credit and debt use by American's in their day to day lives. This coming from a person who knows MANY people living with around 3 or more maxed out cards with around 5-6 GRAND worth of debt to each card.

[ZombifyIt]

@TheTruthHurtsYup

It's made in 2005, back then the Americans were still thinking they had it all. Remember that this prediction was made 7 years ago, and everything came true, so yes, turn your head away.

[TheTruthHurtsYup]

Fuck this documentary right off the bat with the quote "Americans live way beyond their means" I work my ass off, save as much as I can, live to live not to buy and I know many many Americans that live like me. For every American living beyond their means there is thousands that are living within their means. I refuse to watch this video that gives such a broad stereotype to Americans.

[MrTraffik07]

Debt = Slavery. Public Enemy #1 is the Central Banks. #OccupyCentralBanks

[MrMusicfreak47]

Americans are paranoid people lol

[2112mbell]

@kvlo1986 this will happen friend, dont worry ;)

[ryankinda]

@LiteWaiter And now Gaddafi

[Moneymarkmathematics]

And Peter Schiff is NOT the only one saying this. Go to Reuters and look at a damn chart people it's freakin scary

[jim89hockey]

If you listen to Peter Schiff he is not urging anyone to buy Euros. He clearly states that all currencies are doomed including the recent move into inflation of the Swiss Franc. He urges his clients to buy gold, silver, mining stocks, and asian stocks. The beginning of this is a lie to say he urges people to move to Euros.