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Going to have a mental breakdown from indecisiveness on going fulltime based of this board
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<blockquote data-quote="Imchar1" data-source="post: 1361088" data-attributes="member: 47533"><p>I hate to break it to you but 2008 was not an economic collapse. Wasn't even close. The problem with most people is their perceptions are based only on their own life experience. For a lot of people that was the worse they ever experienced so to them it was catastrophic till a bigger hit comes along. Relatively speaking 2008 wasn't as bad as was made out to be... it needs to be put in proper perspective. It still seems worse even today because 6 years later there is no recovery and none in sight. </p><p></p><p>The end game is when the dollar is no longer the worlds reserve currency. That will be the collapse and it is fast approaching. We are 120 trillion in debt if we balanced the budget today. Debt decreases the value of existing money in circulation. </p><p></p><p>The world trades goods with each other using the U.S. dollar. This means they have to buy dollars to buy oil and anything else from another country. </p><p></p><p>Lets say you are Saudi Arabia. Why would you want to sell your highly sought after high in demand natural resource light sweet crude oil for a currency that is constantly decreasing in value because of debt?</p><p></p><p>Lets say you are China or Japan, why would you continue to loan money and hold currency that continuously loses value? </p><p></p><p>I am China, I hold say 2 tril of U.S. dollars. I think the U.S. is irresponsible and is no longer a good investment. I take 1.5 tril and buy up oil gas gold and as much natural resources I can get my hands on.</p><p></p><p>I just flooded the market with 1.5 tril in U.S. dollars. The value of the dollar craters while oil gas and all other resources skyrocket, this includes food especially in the U.S.</p><p></p><p>congrats, I have just turned the U.S. into a 3rd world poor nation because at this point all countries move to a new reserve currency, dollars are dumped, and remember Econ 101 supply and demand?</p><p></p><p>Huge supply of dollars no demand means it takes stacks and stacks of $100 bills to buy a loaf of bread. </p><p></p><p>They don't teach that in college.</p></blockquote><p></p>
[QUOTE="Imchar1, post: 1361088, member: 47533"] I hate to break it to you but 2008 was not an economic collapse. Wasn't even close. The problem with most people is their perceptions are based only on their own life experience. For a lot of people that was the worse they ever experienced so to them it was catastrophic till a bigger hit comes along. Relatively speaking 2008 wasn't as bad as was made out to be... it needs to be put in proper perspective. It still seems worse even today because 6 years later there is no recovery and none in sight. The end game is when the dollar is no longer the worlds reserve currency. That will be the collapse and it is fast approaching. We are 120 trillion in debt if we balanced the budget today. Debt decreases the value of existing money in circulation. The world trades goods with each other using the U.S. dollar. This means they have to buy dollars to buy oil and anything else from another country. Lets say you are Saudi Arabia. Why would you want to sell your highly sought after high in demand natural resource light sweet crude oil for a currency that is constantly decreasing in value because of debt? Lets say you are China or Japan, why would you continue to loan money and hold currency that continuously loses value? I am China, I hold say 2 tril of U.S. dollars. I think the U.S. is irresponsible and is no longer a good investment. I take 1.5 tril and buy up oil gas gold and as much natural resources I can get my hands on. I just flooded the market with 1.5 tril in U.S. dollars. The value of the dollar craters while oil gas and all other resources skyrocket, this includes food especially in the U.S. congrats, I have just turned the U.S. into a 3rd world poor nation because at this point all countries move to a new reserve currency, dollars are dumped, and remember Econ 101 supply and demand? Huge supply of dollars no demand means it takes stacks and stacks of $100 bills to buy a loaf of bread. They don't teach that in college. [/QUOTE]
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