Economic Collapse Headed for U.S. in 2015???

deisik

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Quote from: picolo on March 14, 2015, 05:39:38 PM

Quote from: bigtimespaghetti on March 14, 2015, 04:17:39 PM

Quote from: thejaytiesto on March 14, 2015, 12:56:56 PM

If everytime Alex Jones has predicted an economic U.S collapse I recieved a Bitcoin, I would be in retirement as we speak.

Broken clocks and all that! Roll Eyes

It takes longer than expected but the debt are accumulating and the collapse is near.

I doubt that the debt accumulation could cause real problems in the US economy since this debt is denominated in the same dollars that the US happens to print. It could theoretically set off run-away inflation (or just increase inflation substantially), but if it didn't happen when the Fed had been increasing the monetary base through QEs, why then should it happen now when QEs are done with?

picolo

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Quote from: bigtimespaghetti on March 14, 2015, 04:17:39 PM

Quote from: thejaytiesto on March 14, 2015, 12:56:56 PM

If everytime Alex Jones has predicted an economic U.S collapse I recieved a Bitcoin, I would be in retirement as we speak.

Broken clocks and all that! Roll Eyes

It takes longer than expected but the debt are accumulating and the collapse is near.

bigtimespaghetti

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Quote from: thejaytiesto on March 14, 2015, 12:56:56 PM

If everytime Alex Jones has predicted an economic U.S collapse I recieved a Bitcoin, I would be in retirement as we speak.

Broken clocks and all that! Roll Eyes

thejaytiesto

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If everytime Alex Jones has predicted an economic U.S collapse I recieved a Bitcoin, I would be in retirement as we speak.

bigtimespaghetti

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Quote from: picolo on March 13, 2015, 05:05:48 PM

Quote from: bigtimespaghetti on March 13, 2015, 04:06:13 PM

Euro has been crushed. Wish I'd have listened to Martin Armstrong in regards to this.

I'm in a similar situation- do I convert my Eur to GBP or wait for the bounce to come in the EUR? Or just convert a portion into silver/BTC.

One thing's for sure the euro is in trouble, but I don't know much about FX, so I could be completely off base. Seems to me that Greece is going to set off a whole shit show that will reverberate throughout Europe.

If you want to save, pick something else than a fiat currency. If you pick a fiat currency, pick one of a more respectable central bank and country than the others ones, like the Swiss Franc.

Thanks for the input. I'll be doing something along those lines.

picolo

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Quote from: bigtimespaghetti on March 13, 2015, 04:06:13 PM

Euro has been crushed. Wish I'd have listened to Martin Armstrong in regards to this.

I'm in a similar situation- do I convert my Eur to GBP or wait for the bounce to come in the EUR? Or just convert a portion into silver/BTC.

One thing's for sure the euro is in trouble, but I don't know much about FX, so I could be completely off base. Seems to me that Greece is going to set off a whole shit show that will reverberate throughout Europe.

If you want to save, pick something else than a fiat currency. If you pick a fiat currency, pick one of a more respectable central bank and country than the others ones, like the Swiss Franc.

bigtimespaghetti

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Euro has been crushed. Wish I'd have listened to Martin Armstrong in regards to this.

I'm in a similar situation- do I convert my Eur to GBP or wait for the bounce to come in the EUR? Or just convert a portion into silver/BTC.

One thing's for sure the euro is in trouble, but I don't know much about FX, so I could be completely off base. Seems to me that Greece is going to set off a whole shit show that will reverberate throughout Europe.

picolo

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Quote from: ?? on ??

So I live in Europe and have a 90 day holiday booked to the United States. I know the value of the euro relative to the dollar is low - and getting lower. I will be gone in the three summer months of this year. Is it worth exchanging my euro amounts for dollars now ? Or waiting, in case the exchange rate climbs upward in my favour again?

You are asking us to predict the future price in the short term since you are probably going to your holiday soon ?

I would advise getting some of the Dollar you need now and the rest before you leave not to suffer a big difference compared to if you bought only now or when you leave.

You should try to find the cheapest Dollar by finding the best way to exchange your Euro for Dollars.

ChicagoCoinConnection

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I've read in a few tabloid rags that the euro was going to dip below the value dollar, with the problems you guys are facing across the pond it might be worth it to transfer some of that cash(just to be on the safe side) into american monopoly money. But to be honest I'm not a financial guru or anything so please take my recommendation with a grain of salt.

picolo

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Quote from: Somekindabitcoin on March 11, 2015, 01:36:35 AM

Don't forget about these low oil prices! When has it been this low? That's right! Back in 08!

The Dollar is going up while Yellen will not raise rates this year.

2dogs

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Quote from: TYPEcoin on March 12, 2015, 05:06:43 AM

usa will get very worst,
All they want is oil,when I say all they i'm referring to a bad guvern
No wor are wins by the usa.

wot

r0ach

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Quote from: Window2Wall on December 30, 2014, 12:15:23 AM

The US would have probably not fallen into recession if it were not for the 9/11/11 terrorist attacks.

It's a good thing Borack Oblama was in office to deal with those 9/11/11 turror attacks!

calme

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Such waffles don't come cheap. They are a waffle-based society.

KimNam

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it's possible but i don't think it will happen in this year
we can see USD now is very strong, it pressing some other country's currency.
although US economy is not very good (they lose to china last year)
but my friend who is economic bachelor said it just starting USD bubble, waiting for collapse because feds print to much money (QE)
who knows, time will tell us

Quote from: johnyj on March 10, 2015, 11:07:51 PM

i can understand big industrial country like china and japan owe US so much money, but why belgium owe US 13.8% ?
i think belgium is not big industrial country (or rich country) ?

TYPEcoin

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usa will get very worst,
All they want is oil,when I say all they i'm referring to a bad guvern
No wor are wins by the usa.

manselr

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Quote from: Lethn on January 01, 2015, 11:56:28 AM

The reason stock prices are so high and everything looks good right now is purely because of hyperinflation which is the amount of money that the central banks are pumping into the economy, they're keeping things going over Christmas and new years and then eventually all of it is going to collapse in on itself with the politicians and bankers playing completely innocent about it and not understanding what's going on.

I've been predicting a crash for the first quarter of 2015 for awhile now just because of how high things all are right now and also everything is starting to look at the exact level it was at the 2008 - 2009 crash, the idea that you can have such a massive crash and then have everything go this high again as if it's 'normal' is ridiculous. The good news is for us at least, the more people who are in denial about this the more money there is to be made.

It's all a big delusional game to keep things going on as they are for as long as possible while the elites stack up on gold and (the ones that aren't dinosaurs) bitcoin and other assets, then they'll hide on their bunkers and let stuff crash.

BootstrapCoinDev

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Quote from: johnyj on March 10, 2015, 11:07:51 PM

japan and uk both owe US money, but nowhere near what the US owes to them

Somekindabitcoin

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Don't forget about these low oil prices! When has it been this low? That's right! Back in 08!

tee-rex

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I think a bar graph with bars in ascending/descending order would be by far more informative for the purpose of comparing the holders of the U.S. debt. Do you have any?

johnyj

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Beyond Imagination

Topic: Economic Collapse Headed for U.S. in 2015??? (Read 6172 times)