Let's discuss the coming failure of the Dollar; and the Hell that will follow...just for fun!

in politics •  6 years ago  (edited)

The quandary: How can I present the end of the World, as we know it, and get people to pay attention instead of just calling the nice men in the White Coats? People avoid unpleasant subjects, no matter how important the information.

So what make me say that things are coming to a rapid end? I am a Student of History, which provides us with real insight on what happened, and why. I claim no clairvoyance, nor do I have a crystal Ball (unless some nice marbles count); what I DO have, is what happened in the past when similar situations occurred! Well here we are again, at a cusp in History, looking over the precipice; and trying to decide to step, or not! Here is an analysis I wrote for something else, that covers this specific topic:

Historically speaking, unless we stop spending several times more than we make, we are done. Every world power that has attempted to be the currency for the World, and then begun deficit spending has failed! England had the entire World to draw from to support the Pound, and now they are a destitute ( because of WWII, but mainly Socialism) a shadow of what they were.

Because we are printing paper Money, to cover unprecedented over spending We will soon join them in shadow status, because people want money from the government they did NOT earn! Socialism forces this monstrous collection of fatal spending.

Originally, the English pound was a pound of sterling silver. Then they went to paper money, then they stopped saying it was a pound of sterling silver, and it just became a pound. Then, since it was no longer redeemable for silver, they began printing massive amounts of pound, and inflation began in earnest. The government decided it could print whatever it needed to spend! WE are following the exact same course to perdition!

If you have $10,000.00 in a savings account, and the government prints $10,000.00 in bills; your money still reads out as $10,000.00, but it is actually Worth $5,000.00 in buying power. This has been going on slowly for half a century, now they are compressing that same theft into a year...then it will become a month...

This is not guesswork, this is History, and it has happened before! Greece crashed, more recently Venezuela....

@janton LOL!
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The writing is certainly on the wall. We have been measured and found wanting.

So very appropriate!

Dan 5:25 And this is the inscription that was written:

                     MENE, MENE, TEKEL, UPHARSIN.
                                                                                                                                                                                                          
        :26  This is the interpretation of each word.
             MENE: God has numbered your kingdom, and finished
             it;
        :27  TEKEL: You have been weighed in the balances, and
             found wanting;
        :28  PERES: Your kingdom has been divided, and given to
             the Medes and Persians.

Sadly we are found so very wanting!

:'(

Thanks. Agreed.

But because Christians are still at his work, and praying, he has delayed the Judgement we so richly deserve!

:'(

howdy sir smithlabs! a brilliant post! lol. yes the bigger they are ..the harder they fall and that can describe the United States can't it? Unless the world just decides to cancel everyone's debt and start over.

They won't, and it is coming soon! I wish it wasn't, but drop a brick, and your foot hurts.

:'(

ok...sir smithlabs..drop a brick is that like the collapse happening or the bigger they are the harder they fall?

History has law Just as inflexible as gravity; and spending many times more than you make IS one one of those Laws! It always results in economic collapse! Large systems delay the inevitable fall, but changes nothing in the final crash.

:'(

well sir smithlabs I don't know about nothing because I think the U.S. can recover much faster than alot of other countries.

It can, I agree; but DC has spent so much money, that that the dollar is nearing Monopoly money in value. They have spent all our money, our kids money, and are now working on our grand kids money. There is a finite limit, and DC does not care, or understand, or both!

When the parasite becomes too large, and sucks too much blood, The host dies. Our Republic is a strong host, especially when Capitalism is allowed to function; BUT the Parasite has become too large! On top of that, the parasite is regulating our strength (the small businesses)into oblivion.

This marvelous economic engine, that has never been equalled in History, is dying from liberal leeches; biting it everywhere they can reach, SMH!

>:(

there you go sir smithlabs, another great post, I wish I had your ability to create posts at the drop of a hat!

Well, you never know, until you drop that hat, ROFLOL! You do just fine, I have two posts coming together right now, but they still need work!

:'(

There is no doubt whatever that the US will have to inflate the dollar to the point it is worthless by current exchange rates. We owe 21 trillion dollars even if we do not count the other 40 trillion that the government does not bother to show on the books! We can never pay back 21 trillion dollars! It is impossible for us to do so, even if the govt stopped funding everything other than Defense, just covering current obligations will take all the revenue the govt gets. Paying interest alone is over 40 billion dollars a month! there is NOTHING LEFT TO PAY OFF THE DEBT! Printing more money just makes it worse.

A no-win situation.

So, we make the dollars useless and give China a ship loaded with useless $100 bills to pay our debts. Or, create some 1 trillion dollar coins and FedEx them to China.

No good can come from where we already are because there is no way out other than taking the route used by Zimbabwe and Venezuela.

A larger system takes a little longer to die than those smaller ones, but the end result is identical. Our economy dies, and with it, the World dies too, from decades of artificial US support! >:(

Private land ownership will become a thing of the past, because everything will be confiscated for back taxes, once no one can pay any more. But they will work out a share cropping set up...enter the new serf class!

SMH! :'(

Rat hole some metals, that will be the only thing worth anything then! One of the reasons I am moving is the taxes here are $1500+; and there they are less than a hundred. I can pay that with metal for a long time, long enough they stop bothering to collect for lack of employees....

Then Anarchy will become the rule of the day! :'(

  ·  6 years ago (edited)

The taxes are almost worth moving for! How are real estate prices?

I have the pleasure of living in the highest-taxed county in the state.

Metals rat holed. Cryptos somewhere in cyberspace; keys are in a brick.

My Sister bought 5 acres for $25K by lake Keystone I bought 1.5 acres on the other side of the same lake for $6600. My taxes there were $68.00, because the land is improved; hers were $160 because it is not (She does have power, and city water).

Come on down, that lake is 50,000 acres; and some really good fishing!

:)

Glad you are prepping! That is the key to survival as things continue into the gutter! Metal is safe in the hand, not sure about crypto, even though I tried to buy some today, unsuccessfully. I worry about steem being tied to the dollar, okay for now, but in a SHTF situation, questionable. I just make sure Family has a key, but I like the brick Idea too! :)

Hmmm.... I'll take a look on Google Earth.

I'm a believer in cryptos replacing fiat during/after a crash of the banking system. It will be out of govt hands and the price will be a world price, making the cryptos a universal currency, no matter the state of one's own local currency. That's the beauty of it. You can access it no matter where you happen to be as long as you have your keys.

I'm not sure Steem is tied to the dollar. The value changes based on demand and the conversion rate from the dollar. I don't see anything preventing Steem to go up or down other than the expectation people have for the future and utility of the platform. Powering up on Steem makes sense, too, but I'm a believer in LTC for future utility, demand, and value. Get a coinbase account, transfer $$ from checking, and get some LTC. Opportunities to get it at the very low price now will be ancient history some day soon.

Thumbnail calc: $10,000 in Steem gives you a $1.00 upvote value. Upvote your own post and get $1 from the rewards pool. Do that ten times and you have earned as much as the $10k would have earned in savings in a year! Ten times is easily doable and you're already beating the bank. If Steem goes up in dollar value, your rewards get sweeter! That really builds your earnings over the bank's pittance.

I am not doubting Crypto. I am concerned with the government limiting internet access, which would hurt access to crypto, not the crypto itself. I am keeping packet radio close in case that is the only way to digitally communicate in grid down SHTF situation.

The white paper of steem says that they will try to make steem equal to a dollar, so the tie is voluntary, and not mechanical.

:)

The white paper of steem says that they will try to make steem equal to a dollar, so the tie is voluntary, and not mechanical.

I thought that was the SBD. Steem got up to over $4.00, reflecting the open market value. I thought. Maybe. I still don't understand why the difference is values was needed...and probably will never figure it out.

I have a small xcvr that runs on 12 volts and a few Baofeng UV5rs in an EMP can for that purpose. Just in case.

It is confusing for sure! I tried to buy some...now THAT is confusing, LOL!

I have some of the Baofeng radios wrapped in foil, stored in an old microwave that quit (cheap Faraday cage) and I cut off the microwave cord to be 100% safe.

:)

It's been on the cards for a long time now, makes me wonder when it may happen?
You can't keep printing money forever.... Or can you?

No, we got a small reprieve when Trump was elected, but that may not be enough to pull us back from the abyss. The spending is still there, we still have too many RINOs in DC!

They fill Republican seats, and vote with the liberals, SMH!

>:(

The quandary .how i present the as we know it

Posted using Partiko Android

It is hard to write about the end of the world, without sounding like a crazy man. It is too important to avoid writing about.

:D

I'm with you. Logic....Sum in - larger sum out = bankruptcy
Not crazy or alarmist but logical.

I have never wished so hard to be wrong, But logic and History are a tough pair to beat!

Sadly it is that simple, we are spending our nation into bankruptcy!

>:(

I think Jesus is coming for the church soon.

I know you are right! We should watch the sky to the East; soon and very soon, the Eastern sky will split, and the end will come!

Even so come quickly Lord!

:)

Amen Brother!

We will soon see Christ, and He should find us doing his work!

We haven't got much time left on this World; and it is obvious we are in the end times!

:)

That's right! I'm interested in what this supposed peace deal being talked about brings.

The Bible says we will not have peace in our time. *We may have less conflict, **but not Peace.

:)

I'm thinking its the peace deal the Antichrist brings. The one kushner has been working on. Not saying he's the Antichrist but what if someone just pops on the scene.

There are many doing end time work for Satan. The Spirit of Anti-Christ has been with us since New Testament times, so these Evil men are nothing new! The sheer quantity of the workers for Satan is just another indicator of the end times we find ourselves in.

Be Blessed, and Stay Safe, while we watch to the East! :)