RE: Ron Paul: Dollar implosion 95% likely. Me: ****.
(10-13-2010 05:05 PM)georgia_tech_swagger Wrote:
(10-13-2010 04:32 PM)animus Wrote: Which is why I think a collapse of the dollar could ultimately be a good thing.
Except that it will practically overnight wipe out the life savings and retirements of most of America, and take several generations of Americans who already feel they are entitled to a good life without working from the government and remove the government teet, causing civil unrest.
As long as it holds value within the United States is what i'm saying. If it losing complete value here then yes you're correct.
RE: Ron Paul: Dollar implosion 95% likely. Me: ****.
but it doesn't animus. Gasoline is the best example. If oil stays the same, but the dollar goes down in value by half, then the cost of oil in dollars doubles.
RE: Ron Paul: Dollar implosion 95% likely. Me: ****.
(10-13-2010 06:46 PM)Hambone10 Wrote: but it doesn't animus. Gasoline is the best example. If oil stays the same, but the dollar goes down in value by half, then the cost of oil in dollars doubles.
I agree with that. Anything from a pair of jeans to a t shirt to a car made outside this country will double.
What i'm getting at is while a Nissan would double in price, we could manipulate the value here so a Dodge, Chevy, and Ford would stay the same. And the same with American goods like TV's, computers, clothing etc. It could also force our leaders to drill oil at a more frequent rate here in the US or create a more greener fuel source.
We should be able to trade a cheaper US product overseas as well. Which would create even jobs here.
I know its not going to go that route and its more or less doom and gloom if the dollar collapses. Just saying we could have a real chance at real American jobs again.
(This post was last modified: 10-13-2010 09:02 PM by ClairtonPanther.)
RE: Ron Paul: Dollar implosion 95% likely. Me: ****.
I've generally supported what you're suggesting... I only hope that the adjustment in standard of living isn't too harsh. Many countries we outsource to have three generations living in 1000 sq ft with wood burning stoves and little/no air conditioning and 1 car (or none). We aren't going to compete with that (I hope)
I'll tell you where we're going to suffer going forward...
The baby boomers are our largest generation and they are downsizing their lives... the generation behind them is somewhat less materialistic, but also much smaller in numbers... who is going to buy all of these McMansions??
(This post was last modified: 10-13-2010 08:50 PM by Hambone10.)
RE: Ron Paul: Dollar implosion 95% likely. Me: ****.
(10-13-2010 08:49 PM)Hambone10 Wrote: I've generally supported what you're suggesting... I only hope that the adjustment in standard of living isn't too harsh. Many countries we outsource to have three generations living in 1000 sq ft with wood burning stoves and little/no air conditioning and 1 car (or none). We aren't going to compete with that (I hope)
I'll tell you where we're going to suffer going forward...
The baby boomers are our largest generation and they are downsizing their lives... the generation behind them is somewhat less materialistic, but also much smaller in numbers... who is going to buy all of these McMansions??
Could we see a deflation in that market? All this inflation/deflation stuff gets my head rolling. What I think ultimately is going to happen is a harsh inflation then a steep deflation. Thoughts?
I spoke with my Edward Jones financial adviser today, I run my dad's retirement, he told me that we're in trouble of deflation, I told him if he really believes that I might need to move all of my dad's money out of his office. He shut his mouth quick spewing his bs about why I don't need to move my dad's money to silver/gold and out of the market. After that I moved 40% of my dad's portfolio to gold/silver today. I just wish he'd let me move every penny because I'd do it in a heartbeat.
RE: Ron Paul: Dollar implosion 95% likely. Me: ****.
I'm getting a Glock .45 ACP. An automatic pistol is far more versatile for self defense. A shotgun is very hard to use in tight places, and has a high potential for collateral damage. But if you're out in the open and want supreme stopping power, a deer slug will get just about anything's attention.
RE: Ron Paul: Dollar implosion 95% likely. Me: ****.
(10-13-2010 09:04 PM)animus Wrote:
(10-13-2010 08:49 PM)Hambone10 Wrote: I've generally supported what you're suggesting... I only hope that the adjustment in standard of living isn't too harsh. Many countries we outsource to have three generations living in 1000 sq ft with wood burning stoves and little/no air conditioning and 1 car (or none). We aren't going to compete with that (I hope)
I'll tell you where we're going to suffer going forward...
The baby boomers are our largest generation and they are downsizing their lives... the generation behind them is somewhat less materialistic, but also much smaller in numbers... who is going to buy all of these McMansions??
Could we see a deflation in that market? All this inflation/deflation stuff gets my head rolling. What I think ultimately is going to happen is a harsh inflation then a steep deflation. Thoughts?
Timing will be the key. I think we'll see a sharp increase in the cost of imported goods with our prices staying stable... but many items like oil running through the roof. Drilling here will matter somewhat, but as the commodity is fungible, meaning saudi oil is basically the same as ours, the cost will still rise... mostly because foriegners will buy all our jack-up rigs and drill-stem. as for the mcmansions... I think we'll simply see the tons of $1mm homes sell for much less. You want to own either side of that price range.
exactly what will happen is a guess... but I think the idea as Peter Jennings said that "we sometimes forget just how great we are" will cease to be the case. Other countries will live much better than they currently do, and we'll be exporting things like h-tech workers, oil workers and doctors... maybe... while importing unskilled labor here for the freebies the government will continue throwing out trying to keep us afloat
this is what i was looking for. which should i look into?
Pork bellies.
Not really, I just wanted to say pork bellies.
Look at real estate, and yes a mortgage.
I was reading a diary from the Weimar Hyperinflation era (damn, wish I could find that link again) and it pointed that those who had borrowed before the inflation, that had used the money to by productive real estate, were very well off.
It's not hard to figure. Say you buy property and pay $100,000. Then hyperinflation kicks in. In a few months $100,000/mo is the going salary. Pretty clear that you own that property w/ a month's wages. Not bad.
And if that property can farm, mill grain, etc., you're in a position to take care of yourself.
But make no mistake, during those years in Germany, the crowds did get ugly. Don't ignore the guns+ammo advice.
RE: Ron Paul: Dollar implosion 95% likely. Me: ****.
(10-13-2010 09:49 PM)georgia_tech_swagger Wrote: I'm getting a Glock .45 ACP. An automatic pistol is far more versatile for self defense. A shotgun is very hard to use in tight places, and has a high potential for collateral damage. But if you're out in the open and want supreme stopping power, a deer slug will get just about anything's attention.
I'm not a good shot with handgun, but deadly accurate with a rifle. I'm looking at a .223 which is the same as the 5.56 NATO which is used in the AR-15. So that puppy has got stopping power. I'm thinking a 12 gauge for close use and for some hunting if need be, but not sold on it.
RE: Ron Paul: Dollar implosion 95% likely. Me: ****.
I predict more of a slow progressive slide to the value of the peso. For example, paying $100 for a taco.
And I don't know why everyone is saying europe is worse off than us. They aren't other than greece. Europe manufactures, has more exports, lower debt, a stronger stable currency, no huge military expenses, and austerity. We're screwed by comparison.
(This post was last modified: 10-14-2010 07:15 AM by Jugnaut.)
RE: Ron Paul: Dollar implosion 95% likely. Me: ****.
(10-13-2010 09:49 PM)georgia_tech_swagger Wrote: I'm getting a Glock .45 ACP. An automatic pistol is far more versatile for self defense. A shotgun is very hard to use in tight places, and has a high potential for collateral damage. But if you're out in the open and want supreme stopping power, a deer slug will get just about anything's attention.
Check out the Ruger 345. It has a safety and a tac rail. I'm sick of my Glock. I'm sick of chambering a round before I go to bed or get on the road because it has no safety.
RE: Ron Paul: Dollar implosion 95% likely. Me: ****.
(10-13-2010 09:31 PM)BleedsHuskieRed Wrote: Ummm any idea on when I need to buy my .223 by? I started saving for it how long do I have? Any others guns someone would recommend? 12 gauge?
Uh, now? When **** starts hitting the fan those things are going to skyrocket. If you're talking about ammo, after the election of Obama you couldn't FIND .380.
RE: Ron Paul: Dollar implosion 95% likely. Me: ****.
(10-14-2010 07:15 AM)Rebel Wrote: Check out the Ruger 345. It has a safety and a tac rail. I'm sick of my Glock. I'm sick of chambering a round before I go to bed or get on the road because it has no safety.
RE: Ron Paul: Dollar implosion 95% likely. Me: ****.
(10-14-2010 10:21 AM)Rebel Wrote: I know how it works, GTS. I've been around firearms since I could walk. Get a piece of chapstick stuck in the trigger guard and slam on the brakes.