Author Topic: The Dollar Is Dead  (Read 1557 times)

Online JohnyMac

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The Dollar Is Dead
« on: November 18, 2021, 02:48:06 PM »
I had an interesting exchange of emails with an economist acquaintance this morning who said, "the dollar is dead John".  He went on to say, "the dollar and all world currencies are one catastrophe away from collapsing causing a world depression that would make the 1932/34 depression look like child's play. The trigger could be as simple as the US Debt ceiling not being increased by December 15th".

I asked him what he is was doing and he told me, "buying, buying, buying".

1) Buying food and household supplies. As an example, he told me that he just bought four new tires that will go into the cellar and not on his car.
2) PM's, and
3) Crypto currency. If you are good with #1 and 2 from above, then buy crypto because when the worlds fiat currency's become hyper inflated, there will only be PM's, crypto, and what you have to barter.

He predicts the world financial collapse will come anytime and will hit way before the midterms. It will be the reason to delay the midterms the boomers are waiting for. Jokingly, he told me to, "stop thinking like a boomer". LOL...Okay.

We traded a few more messages and then he asked me, "Do you think it possible that China has infiltrated a million soldiers into the country over the past 20-years? At some point the go order goes out and those soldiers click into action to become a foreign army already in place in North America. No beach assault. No Red Dawn with Russians parachuting in...STOP thinking like a boomer!"   

It was an interesting exchange of emails.

Thoughts?
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Offline pkveazey

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Re: The Dollar Is Dead
« Reply #1 on: November 18, 2021, 06:11:32 PM »
I'm afraid that he is right. I'm buying multiples of whatever I need because I think my fellow man is an idiot and I'll need extras to trade with them when they come looking for all the stuff they should have bought but were too busy staring at their damned Cell Phones. I think his timing is also right. I keep feeling like its going to crash at any minute but there are still a few things on my crash list that haven't happened yet, so he might be closer to guessing the crash date. I'm with him on everything except Cryptos. I just can't get past the "If I can't hold it in my hand then it doesn't exist." There is already talk about the Government taking over Cryptos but I have no idea how they can control something that is just floating around out in the nothingness of computerland. Now, with that said, I think the people who bought Cryptos back when they were 15 cents a piece, will be just fine because they don't stand to lose much if and/or when Cryptos become worthless. I was discussing the doom that is coming with one of our County Deputies and I mentioned the No.1 Prepper rule of it being OK to tell someone what you have but it is not OK to tell anyone how much of it you have. He was a pleasant fellow and seemed aware of what is coming and he mentioned that he bought Cryptos back when it was dirt cheap. I suggested that he sell off some of that and buy some "Hold it in your hand Silver", just in case. My point to him was not that he would lose his Cryptos but he might not be able to access it when he needed it. I think he politely ignored my suggestion. I'm OK with that because when the SHTF all of us will find things that we Shudda, Wudda, Cudda done.

Offline DMCakhunter

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Re: The Dollar Is Dead
« Reply #2 on: November 18, 2021, 11:22:05 PM »
On the tires, doesn?t do much good to have tires if you can?t balance them. The old sand ring balancers are hard to find

Online JohnyMac

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Re: The Dollar Is Dead
« Reply #3 on: November 19, 2021, 08:30:07 AM »
True DM however, it was a good example me thinks.  ;)

PKv, I thought the same thing. How do you access those crypto accounts if the internet goes down. Regardless, his point is well taken and not unlike what we all know.

His time frame is interesting and to be honest, I am not surprised.

For kicks and giggles folks, what if North America does have oodles and oodles of Manchurian Candidates living here ready to strike. Think electrical grid, interwiz, localized terror, etc. The go order maybe when the CCP strikes Taiwan. Think broader than your AO.
« Last Edit: November 19, 2021, 08:38:13 AM by JohnyMac »
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Offline grizz

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Re: The Dollar Is Dead
« Reply #4 on: November 19, 2021, 10:46:03 AM »
True DM however, it was a good example me thinks.  ;)

PKv, I thought the same thing. How do you access those crypto accounts if the internet goes down. Regardless, his point is well taken and not unlike what we all know.

His time frame is interesting and to be honest, I am not surprised.

For kicks and giggles folks, what if North America does have oodles and oodles of Manchurian Candidates living here ready to strike. Think electrical grid, interwiz, localized terror, etc. The go order maybe when the CCP strikes Taiwan. Think broader than your AO.

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Offline Jackalope

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Re: The Dollar Is Dead
« Reply #5 on: November 19, 2021, 09:19:58 PM »
I agree with your friend's #1 and #2 suggestions, Prep 101, really.  The cryptos are the same as paper money, they have a nebulous value.  Personally, I prefer tangible objects.  We're preparing smarter and harder.  We're always working towards our goal of self-reliance.  Plan ahead.  Don't prepare for a specific scenario, like an economic collapse, but instead prepare to survive.  If the SHTF, it's not going to be for a week, or a month; I suggest preparing for a generation...seriously.

Online JohnyMac

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Re: The Dollar Is Dead
« Reply #6 on: November 20, 2021, 09:48:31 AM »
If the SHTF, it's not going to be for a week, or a month; I suggest preparing for a generation...seriously., yupper Jackalope. Remember, America never really came out of the great depression till WW II. Plan for at least a decade.
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Offline CJS06

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Re: The Dollar Is Dead
« Reply #7 on: November 20, 2021, 02:55:54 PM »
Johnny

Sadly I think you are correct. The scary thing is most of us have a ton of difficulty thinking in terms of a decade. So much of our lives has been turned into JIT deliveries, 24 hr news cycles and instant gratification based off of unlimited availability. It will hit the more urban/ suburban areas harder than the rural and definitely harder.  I feel that our current population has become "softer" than the general population prior to the great depression and that will lead to a much harder hit.

Chris

Offline Sir John Honeybucket

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Re: The Dollar Is Dead
« Reply #8 on: November 20, 2021, 05:32:33 PM »
The vast majority of the general population has never slept under an open sky, walked through the woods out of sight of their car or caught so much as a fish for dinner. OTOH, there is a HUGE demand for ENTITLEMENT checks & services, because it's been a lifestyle for many, for generations.  There is nothing quite so sadistically viscious as a mob of looters who truly believe that they are victims. If 'Ignorance Is Bliss', why arent these dopes happy?

If the criminal mobs are within one tank of gas of your home, plan accordingly.     :cowboy:


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« Last Edit: November 20, 2021, 05:35:23 PM by Sir John Honeybucket »
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Offline RB in GA

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Re: The Dollar Is Dead
« Reply #9 on: November 21, 2021, 03:35:08 PM »
Quote
If the criminal mobs are within one tank of gas of your home, plan accordingly.     :cowboy:

excellent advice!

Offline FeedingFreedom

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Re: The Dollar Is Dead
« Reply #10 on: November 22, 2021, 09:10:48 AM »
Who was it, Ayoob or some other that said "if you live within 5 miles of a 7-Eleven, you're toast"?
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Online JohnyMac

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Re: The Dollar Is Dead
« Reply #11 on: November 22, 2021, 05:12:55 PM »
LOL FF. Or Wawa.  :thumbsUp:
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Offline DMCakhunter

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Re: The Dollar Is Dead
« Reply #12 on: December 01, 2021, 05:09:04 PM »
Finally found the set of PU tires I was looking for, Amazon had 4. No local dealer could get them.
Will replace my existing duratracs (at 8/32's left) with new ones at 18/32's.
Have 56,000 on them.