Originally posted by LANTIRN
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What happens when the US dollar collapses?
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Guest repliedOriginally posted by Craizie View PostDFWM rape and pillage party when the shit goes down?
We need to set some ground rules though... Like no raping and pillaging each other.
Fuck that shit. Elvis is getting raped.
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DFWM rape and pillage party when the shit goes down?
We need to set some ground rules though... Like no raping and pillaging each other.
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The zombies would eat the free-loading hood rats, which saves on ammo in the long run.
At least zombies are willing to work to get their next meal.
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Originally posted by Denny View PostWe've already passed the 40 year mark being fiat, so were on borrowed time, huh?
And I agree on the zombie apocalypse. In theory, it would last less than 6 months and we could start rebuilding.
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We've already passed the 40 year mark being fiat, so were on borrowed time, huh?
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Originally posted by jayjohnson600 View PostWhat's interesting, is that fiat currencies generally last about 40 years.
1913 Creation of Federal Reserve system
1945 Bretton-Woods
1975 Petro-Dollar
The petro-dollar was instituted in the 1970's after the collapse of Bretton-Woods agreement. So, the current dollar demise is right on time, so to speak.
The collapse of the dollar( and/or petro-dollar) is already under way, with nations trading oil and gold outside of the dollar. They are moving away from using the US Dollar as a reserve currency. Foreign nations have significantly slowed their dollar purchases. The Federal Reserve inflating the dollar like it's going out of style. Pun intended.
Consider getting an allocation that is outside of dollar denomination, or even better, get an allocation that will benefit from dollar collapse. Don't go too heavy in this allocation, because what has been the case historically, is that the allocation will rise in multiples when the currency takes a dump.
Now that made me laugh.
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What's interesting, is that fiat currencies generally last about 40 years.
1913 Creation of Federal Reserve system
1945 Bretton-Woods
1975 Petro-Dollar
The petro-dollar was instituted in the 1970's after the collapse of Bretton-Woods agreement. So, the current dollar demise is right on time, so to speak.
The collapse of the dollar( and/or petro-dollar) is already under way, with nations trading oil and gold outside of the dollar. They are moving away from using the US Dollar as a reserve currency. Foreign nations have significantly slowed their dollar purchases. The Federal Reserve inflating the dollar like it's going out of style. Pun intended.
Consider getting an allocation that is outside of dollar denomination, or even better, get an allocation that will benefit from dollar collapse. Don't go too heavy in this allocation, because what has been the case historically, is that the allocation will rise in multiples when the currency takes a dump.
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Originally posted by thesource View PostThats the point. Silver will be less costly to purchase now and better suited for smaller daily transactions than gold will be. Ammo is also going to be a great commodity to barter with as well.
Let's say you need 10 gallons of diesel fuel. Would you rather trade some ammo or fractional silver for it or gold you paid a premium for when purchased?
Ammo = $.50-$3.00 a round
Silver = $20ish an ounce or about $30ish an ounce in gram sized pieces
Gold = $1300ish an ounce or about $1500ish an ounce in gram sized pieces
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