Well I live in Germany, and I was only 13 when Iraq-War began, so I guess I'm excused 
Only heard things about WOMD and oil back then, nothing about the EURO.
Only heard things about WOMD and oil back then, nothing about the EURO.
Fair enough.
Topic: Let's say the US dollar collapses... (Read 1693 times)
Fair enough.
Well I live in Germany, and I was only 13 when Iraq-War began, so I guess I'm excused
Only heard things about WOMD and oil back then, nothing about the EURO.
Only heard things about WOMD and oil back then, nothing about the EURO.
Saddam Hussein wanting to sell oil for EURO instead of dollar is probably the sole reason for Iraq war. Now guess what: Iran wants to sell oil for euro. USA starts talking about war....
That sounds very interesting. Any internet sources for that (Hussein and Ahmadinedschad) ?Hundreds, probably. Where have you been the past 8 years, in a cave watching only Fox News.
Hell, I'm pretty sure that Hussein's threat to stop taking $ and accept Euros instead was even covered by Fox.
Saddam Hussein wanting to sell oil for EURO instead of dollar is probably the sole reason for Iraq war. Now guess what: Iran wants to sell oil for euro. USA starts talking about war....
That sounds very interesting. Any internet sources for that (Hussein and Ahmadinedschad) ?EDIT: forget that, google is my friend
People always say "You can't eat gold"
Sure you can eat gold, it's just too expensive for most people.Oh great, now I'm going to have to pan for gold in the sewer system.
In any event, I don't think the USD is going to collapse any time shortly. They aren't printing it fast enough to keep up with the crash in privately-issued credit, are they?
Actually, dollar haven't already collapsed because of just one reason: All oil can be only bought for dollars, so every country in the world has to keep some dollars reserves to buy oil.
USA are taxing entire world using inflating dollar this way (but that's another story).
The lower dollar goes, the more taxed rest (non-US) of the world is.
EDIT:
Saddam Hussein wanting to sell oil for EURO instead of dollar is probably the sole reason for Iraq war. Now guess what: Iran wants to sell oil for euro. USA starts talking about war....
People always say "You can't eat gold"
Sure you can eat gold, it's just too expensive for most people.Also, You can drink gold as well, if you care/can afford it:
http://www.daylife.com/photo/0deIenr5yA0Zc?q=Dubai
http://nfl.msg.com/photo/0fgz4pV9Mad2M?q=Dubai
http://timesofindia.indiatimes.com/topic/photo/06MB6Gg2EBdFy?q=GOLD
People always say "You can't eat gold"
Sure you can eat gold, it's just too expensive for most people.Oh great, now I'm going to have to pan for gold in the sewer system.
In any event, I don't think the USD is going to collapse any time shortly. They aren't printing it fast enough to keep up with the crash in privately-issued credit, are they?
People always say "You can't eat gold"
Sure you can eat gold, it's just too expensive for most people. 
The dollars/BTC will get obscenely large, but so will dollars/Cheerio.
This is why I keep stocking up on Cheerios. Unfortunately, just like dollars, the kids eat them as fast as I can acquire them.
Lol
People always say "You can't eat gold" like it's a bad thing, maybe it's not.
The dollars/BTC will get obscenely large, but so will dollars/Cheerio.
This is why I keep stocking up on Cheerios. Unfortunately, just like dollars, the kids eat them as fast as I can acquire them.
As the US dollar in your pocket is not currently backed by gold, I don't think the effects would be so dramatic.
Yeah, no matter how much gold they have or don't have you aren't getting your hands on it.
The dollar is going down, not for lack of gold, but for a flood of dollars.
The dollars/BTC will get obscenely large, but so will dollars/Cheerio.
As the US dollar in your pocket is not currently backed by gold, I don't think the effects would be so dramatic.
They audit the Federal Reserve and there's no gold but the fillings in the guard's teeth. The US dollar suffers dramatically. What implications would it have on Bitcoin?
Jump to: