Is this the big one? ( ie how imminent is imminent?- Advice needed)

Discussion in 'Markets & Economies' started by anglox_b, Mar 19, 2020.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The world is a strange one. Sometimes before you can rebuild it, you need to have it destroyed first. The destruction of the dollar will actually help the American people. A strong dollar has never been good for American jobs.

    This is something which Russia can't see - a strong dollar actually restraints America.

    Why is China trying so hard to fix the exchange rate?

    Jobs, jobs, jobs.
     
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  2. anglox_b

    anglox_b Member

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    I get your sentiment, but with this new digital currency bill angle the democrats are making a condition fo the stimulus package, i wonder if even cash will also become worthless. After all they seem seem to be intent on waging a war upon it.
     
  3. anglox_b

    anglox_b Member

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  4. anglox_b

    anglox_b Member

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    meanwhile people who actually have malaria die because westerners who are unlikely to die from corona are stockpiling the medicine and driving the price up for poor countries who can't afford it even at the best of time.
     
  5. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Perhaps cash is already worthless since folk are buying precious metal, but I also know where you are coming from anglox_b.
    When the local bullion dealers, and the so called, guru dealers like Schiff, Maloney and the rest of the "crew" stop selling metal for currency, it's time to worry.
    Having said that, many of those gurus warn not to hold too much cash, they recommend to hold hard assets (I digress, sorry). I think, in the future, there's going to be no such thing as a USD, it will probably be US crypto format.
    Do you have a link to your "digital currency bill" please?
    Cheers
     
  6. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Wow, they must be getting seriously worried....

     
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  7. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Yes, they are scared!

    Folk may consider, there's a huge amount of extra online traffic on the system, the huge amount of traffic could cause outages.
    If there's outages, Eftpos may not work and ATM's could go down.
    There's been outages before.
     
  8. Krakked789

    Krakked789 Active Member

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    LOL, the spin! So depositors lost money before 1933? The experts...the authorities...
     
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  9. SuprmeLeadr

    SuprmeLeadr Member

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    To be fair, she said no depositor has lost any money held in an FDIC-bakced count since '33 when the FDIC was founded.
    They mightn't have lost a penny from the account, but they've lost 97% of their purchasing power.
     
  10. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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  11. anglox_b

    anglox_b Member

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    https://www.forbes.com/sites/jasonb...ation-surfaces-in-the-us-senate/#383c47743866

    [​IMG]
     
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  12. Krakked789

    Krakked789 Active Member

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    We print it out of thin air, lend it to you, charge you interest on it, then tell you it's safe with us while neglecting to mention Greece and Cyprus...
     
  13. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Record numbers of new businesses forming just to qualify for free bail out money.
    Why didnt I think of that!
     

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