Topic: Collapse or dollar= collapse of Rome= armagedon, but WHY!? - page 2. (Read 6004 times)

Armstrong thinks we can reform politics.

US needs to go away gracefully rather than pissing everyone off and then still implode from within.

As if technology ever could exist beyond a collectivist society!

Those who are expecting dollar collapse and hyperinflation are clueless about history. Never in the history of the world, not even in Rome, has the global reserve currency collapsed. It doesn't happen. Only revolutionary governments which can't sell their own bonds collapse into hyperinflation.

Rather what is happening now is the "borrower is slave to lender". The USA is taking control of the globe now and the dollar will become very strong. They will track down all wealth globally and confiscate it. All the pawns of the USA (Europe, Japan, etc) and the fake antagonists (Russia, China) are on board this plan to share information to track down "tax evasion" which is a code word for Totalitarianism.

Again find the link in my prior post and read that entire Mad Max thread so you can re-educate yourselves.


No they collapse because of socialism and collectivism when the private sector shrinks to for example 25% of GDP (and govt+regulation compliance is 75% of GDP as is the case in the USA and Europe now), which is an orthogonal property to knowledge formation. Here are a few examples of the cancer upon us now:

http://armstrongeconomics.com/2014/05/21/unions-out-of-control-the-real-poison-pill/
http://armstrongeconomics.com/2014/05/21/how-bureaucrats-undermine-everything/

Don't conflate the perils of collectivism with the beauty of technological advance.

We already had this discussion in two other threads already and I am not going to debate you again, as I already shown the idiotic illogic of your conflation of the two:

https://bitcointalksearch.org/topic/m.6513193

.....
Armstrong thinks we can reform politics. I am saying politics always ends up in Totalitarianism. The only thing that has saved mankind every time is a frontier. Before it was geographical escape (e.g. birth of the U.S.A.) and cash (e.g. gold), but now those frontiers are being closed. So we only have crypto-currency (and internet businesses perhaps even anonymously, e.g. programming work,  to escape Totalitarianism) remaining as a frontier.

Store food and water.. they will be worth their weight in silver.

I didn't quote you, but I did address what you wrote:

https://bitcointalksearch.org/topic/m.6886606



Relative to other fiat currencies, the dollar will get stronger over the next several years. For example, China's latest bond auction failed. The rest of the world will collapse sending capital flowing into the dollar. The USA still has the most powerful military (they are suckering Putin into taking on conflicts that will bankrupt Russia, it wasn't a lack of military capability rather he was intentionally forced him into Ukraine by toppling his government in Ukraine).

I don't understand your posts.

What, specifically, is your disagreement with Armstrong?

Maybe somebody will argue the "what if we lose electricity and Internet?" argument. If the world slips that far down, gold won't be valuable either. That's when we value food, water, medicine, and guns.

I have no idea why Anonymint quoted me because he didn't adress anything of what I said.

Yeah definately.

You cannot easily trade physical gold/silver...obvious right?  There has to be something else...something controlled, something scarce, something people agree is valuable...oh wait   Cool Cool Cool

The current China/Russia mess will definitely affect a lot of things in the US. The decline of the dollar just sped up dramatically. We will see it at the gas pump first

I have been reading about the collapse of dollar for several months and know that the issue is a years or even dozen of years old topic. I dont think i fully understand it but im quite leaning on the side that the collapse will happen, but even if i have a hard time believing the total apocalypse some of the people are portaing it to be... (like "the biggest event in human history" (this is the stupidest phrase i have heard so far).

Can someone concretely eplain to others WHY should the collapse of dollar mean a depression bigger then the one in 1930?

Simple quick points, because i dont see it...?

It is clear why traditional gold and silver were valuable going back for thousands of years, but I am not sure if there will be a run on it again.  It just isn't that useful in my daily life.  Yes, it is scarce, and it is pretty, and it has a few industrial resources, but aside from that, I don't really need to have gold or silver laying around my house, and even if I did, I wouldn't use them often.  To me, what is valuable is electricity, internet, food, water.  And something else is very important.  That is oil.  To me, oil is far more important to the economy than gold.  I can put gas in my car and use it to drive to work.  What will I do if I have a gold bar at my house?  Hope somebody will buy it from me?  I think we live in a new age.  During the dark ages in Europe, it was pretty cool to have some gold.  Today, it is pretty cool to have some electricity, oil, and 4g.  A different age, and people will value different things.