Different Tact, What Is The Most Realistic 'Positive' Outcome For The Collapsing Dollar?

I have read numerous 'informed' sources give their opinion on the collapsing dollar, and the catastrophic results that will flow from the dollar dropping. Hyperinflation, Rapid rise in interest rates, etc.

If these experts are right, we are in for a very rough time as the dollar continues to lose its value.

So is there a counterview I have missed which is 'realistically based on the facts' and not just threadbare 'hope'?

What would be the most positive way out of this crisis of the 'collapsing dollar', and what would it look like to the average American?

:shrug:

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If we actually export anything anymore.

I’m sure he will come up with some bs reason for why the failing dollar is a good thing for all Americans. Hay at least you got your tax break.

The one upside is that since the dollar will have a lesser value, goods in America could be produced at a cheaper rate (as long as inflation doesn’t go nuts) than on the world market. Look at Chinas currency.

Sorry, the nitpicky editor in me made me post this.

2. Nautical.
a. a rope for extending the lower forward corner of a course.
b. the lower forward corner of a course or fore-and-aft sail.
c. the heading of a sailing vessel, when sailing close-hauled, with reference to the wind direction.
d. a course run obliquely against the wind.
e. one of the series of straight runs that make up the zigzag course of a ship proceeding to windward.

3. a course of action or conduct, esp. one differing from some preceding or other course.

Carry on.

I'll stick with my original choice of words. THanks.

earlier this month. He was bragging about how easy it is for his company to "sell things" overseas. He'd such a dumbfuck though, he doesn't realize his bank account is being decimated. I listened in disbelief.

:eyes:

good on his promise to drop money out of helicopters? One thing that could happen if the dollar collapses is that we go to a two-tier monetary system, with different looking bills (I hear they are 'red backs' and are already in foreign bank vaults). You use different dollars in and out of the US. One thing that does is, by giving folks say 120 days to convert their greenbacks, you take all the counterfeit and much of the drug money out, which pushes up the real value of the dollar. Of course counterfeit money will return, but in the short run it's good. There's also supposedly a few trillion dollars floating around out there (possibly in goldman-sachs accounts) that will be pumped into the economy. This is money that Ambassador Leo Wanta was given to destroy the USSR (which he did by destroying their stellar credit rating thru a series of counterfeiting and other schemes to collapse the ruble---their credit rating went from AA to F ), and then he was supposed to pump a bunch of money in to kickstart capitalism there. Instead GHW bush takes office and lets the mob take over russia instead. Leo Wanta wants to repatriate the money into the US ($27.5 trillion) but the powers that be don't want to open a financial can of worms, and Wanta is jailed instead. The money is pillaged by all sorts of people, and GHWD and Clinton are said to use it to fund all sorts of offshore businesses. Maybe that's why they're joined at the hip. Anyway, it's sooooo complicated but worth looking into. Fascinating stuff! And leads to China, the UK and Iran attacking the dollar last Thanksgiving, and China threatening to dump their dollars (which lead to us threatening to bomb Iran, the main source of China's oil). I think the coming Tom Hank's movie "Charlie Wilson's War" will touch on some of this.

Surely Mr. Wanta knows where the funds are being held presently, or if not where they were previously held. Confirmation that the funds were held at one time in a particular account(s) should not be that difficult.

given the job as head of the treasury...

Don't pay attention to the stupid numbers the government publishes. If you go back and look at the dollar index as compared to only five years ago, you will see about a 30% decline. About One third of the value of your dollar has gone away thanks to the bushes. That is the real inflation. Since we manufacture very, very, little in the US and we import everything from clothes to food and in particular energy, the price of everything will go up as the value of the dollar falls. Americans saving rate is negative because a dollar spent today has more value than a dollar saved for tomorrow.

So Americans will have to pay a whole lot more for everything and their savings will never be able to compensate for the falling value of the dollar because interest rates are so low. On the up side, the bushes can pay back the enormous US debt with cheaper dollars.

I see lots of dire predictions, but is there a different way out of this conundrum?

:)

mexico, and maybe south and central america) or else we totally collapse and it's the coming of the world mark (yes, germany will take the lead in the nwo economy!)

Links might be useful.