Imminent collapse of the dollar

Discussion in 'Rainbow Family' started by WhiteHillAL, Mar 17, 2008.

  1. WhiteHillAL

    WhiteHillAL Member

    A little over a year ago, all of the financial pundits said if the USDX slipped below 75 the dollar would rapidly plummet to 55. Well, we're sitting at 71, and noone is propping up the dollar. They are propping up the stock exchange instead. When rates are cut, the stock market temporarily strengthens, but the dollar slips further.

    The Fed has always reported on the M3 liquidity, but they stopped reporting it in 2006 after we saw it peak at 11%. The market has been flooded with additional paper since then to pay for the current out of control government spending. Every increase in the volume of paper reduces the value of each dollar. The dollar was collapsing anyway, and reducing the value of the dollar by circulating more paper causes all of the foreign governments holding our dollars (like China that holds $! trillion) to help pay for our war... (When the dollar is worth less it takes less economic activity to pay it back.)

    The cost of everything is about to increase 30% or more... It could happen by the end of the week when all of the major banks report, or it could happen within a couple of months, but it almost assuredly will happen. We are headed for a depression and the dollar is about to become essentially worthless. When the dollar collapses we will all be screaming for a new international currency that will be more stable. When the dollar collapses to worthless status, the new currency will make paying off our federal deficit that much easier (as the debt is based in worthless dollars... say $4 trillion US dollars becomes worth only $1 Billion euros.) We will also essentially wipe out the cost of our social security commitments, by thrusting all retirees into immediate poverty status in relation to the new cost of living.

    Stock up on bulk food storage quickly (The price of food is about to get unbelievably expensive, at least until a replacement monetary system is put in place!). Be prepared to join your family in the woods. We all need to be there to protect and help one another. At least the Rainbow family knows how to survive together through such times...

    regards,
    WhiteHillAL
     
  2. hippiestead

    hippiestead Ms.Cinnamon

    Thanks for the info Bro. I read a thread in one of the other forums several months ago about the collapse of the US dollar...wish I could remember where so I could put a link up for you.

    Ahhhh, the wonders of the features in HipForums & of the Spirit & Universe! I went to 'my posts' in my user options & hit on a random back page & there, at the top of the list, was the exact thread I was looking for!!

    so here's the link:

    www.hipforums.com/forums/showthread.php?t=259782
     
  3. hippiehillbilly

    hippiehillbilly the old asshole

    oh ive read so much my head hurts..

    one things for sure its coming..

    if everything ive read holds true the doomsday is between now and september with september being the latest it will crash, the federal government will go insolvent within 6 months after..
    from what ive read we are looking at about a year with basically NO MONETARY SYSTEM..
    its all a part of the plan for the north american union and the amero.

    say goodbye to your freedoms folks..

    as far as being in the woods with family,,i dunno,somethin tells me that may be a bad idea.

    i think weve decided to hunker down here and bug out to the forest as a last resort..

    we are buying extra garden seeds(heirloom of course),getting a good supply of fuel for the chainsaw,tiller etc put back. stocking up on essentials such as canning lids,flour,sugar,T.P. lol,just generally gettin ready to ride it out..

    its gonna get ugly i suggest folks take this one seriously,,if were wrong what have we lost? just wont have to go to the grocery store or hardware store for a year or so lol....

    be safe family stock up and be prepared..
     
  4. hippiehillbilly

    hippiehillbilly the old asshole

    watch your prices at the store week to week,they should begin to soar soon..

    the fed just cut the rate by another 3/4 percent.. there purposely driving the dollar in to the ground..
     
  5. WhiteHillAL

    WhiteHillAL Member

    Thanks for the link, Ms. Cinnamon.
     
  6. hippysmurf420

    hippysmurf420 Member

    *mental note* hit BJ's wholesale after work...
     

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