US Dollar collapse in 2015? (2) - page 4.

deisik

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Quote from: Rw13enlib88 on June 06, 2015, 11:41:30 AM

Greek Banks On Verge Of Total Collapse: Bank Run Surges "Massively" As Depositors Yank €700 Million Today Alone

While the Greek government believes it may have won the battle, if not the war with Europe, the reality is that every additional day in which Athens does not have a funding backstop, be it the ECB (or the BRIC bank), is a day which brings the local banking system to total collapse.

As a reminder, Greek banks already depends on the ECB for some €80.7 billion in Emergency Liquidity Assistance which was about 60% of total deposits in the Greek financial system as of April 30. In other words, they are woefully insolvent and only the day to day generosity of the ECB prevents a roughly 40% forced "bail in" deposit haircut a la Cyprus.

But the question is whether we should expect a surge in the number of new users of Bitcoin? Last time the Cyprus deposit expropriation coincided or correlated (yeah, I know) with the Bitcoin price skyrocketing to 1,000$ and above...

Rw13enlib88

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Greek Banks On Verge Of Total Collapse: Bank Run Surges "Massively" As Depositors Yank €700 Million Today Alone

While the Greek government believes it may have won the battle, if not the war with Europe, the reality is that every additional day in which Athens does not have a funding backstop, be it the ECB (or the BRIC bank), is a day which brings the local banking system to total collapse.

As a reminder, Greek banks already depends on the ECB for some €80.7 billion in Emergency Liquidity Assistance which was about 60% of total deposits in the Greek financial system as of April 30. In other words, they are woefully insolvent and only the day to day generosity of the ECB prevents a roughly 40% forced "bail in" deposit haircut a la Cyprus.

http://www.zerohedge.com/news/2015-06-05/greek-banks-verge-total-collapse-bank-run-surges-massively-depositors-yank-%E2%82%AC700-mill

techgeek

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Quote from: Febo on June 01, 2015, 02:35:19 PM

Quote from: alch1mista on June 01, 2015, 04:26:11 AM

Quote from: ^_^` on June 01, 2015, 04:13:28 AM

Nope,

USD is getting more powerful with everyday.

That's what i think as well. In 2009 when bitcoin was born, it was something on the horizon. But now it doesn't seem it's going anywhere but up.

I agree USD is bursting of life. But how long will that last? Next economic crisis that will start in few years will tell us that.

2008 was the huge econmic collapse, it takes like 6 years to recover and probably longer.

But, they seem to do these collapse when they feel the banks arent making enough. theres a bunch of articles, on zerohedge.

Febo

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Quote from: alch1mista on June 01, 2015, 04:26:11 AM

Quote from: ^_^` on June 01, 2015, 04:13:28 AM

Nope,

USD is getting more powerful with everyday.

That's what i think as well. In 2009 when bitcoin was born, it was something on the horizon. But now it doesn't seem it's going anywhere but up.

I agree USD is bursting of life. But how long will that last? Next economic crisis that will start in few years will tell us that.

mrhelpful

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The fiat form isnt the greatest, theres that whole concept of the intrinsic value of fiat will always be back to zero.

This is pretty much said by voltaire. And what we see is between piled up mistakes that never even bothered to begin with.

Similar to giving a kid a credit card without the education and no supervision.

deisik

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Quote from: manselr on June 01, 2015, 10:31:26 AM

Quote from: Amph on June 01, 2015, 02:54:07 AM

Quote from: AtheistAKASaneBrain on May 31, 2015, 08:07:47 AM

Quote from: Amph on May 31, 2015, 03:11:37 AM

Quote from: Agestorzrxx on May 26, 2015, 05:00:36 AM

I don't think US dollar will collapse. Euro is the one may collapse. In the past several month, the Euro rate to us dollar drop very fast.

in the end none will collapse, i don't remember any collapsed fiat in the past, and there was a bigger crisis than this(wall street crisis if someone remember)

You don't remember because it happens about every 70+ years.

But for now no dollar collaspse. The US stock indices aren't even down to where they were three couple ago. At the beginning of April the Dow was at around 17,700 and the NASDAQ was at 4,317.

you are right there was some collapse, around 1932, but those fiat weren't big fiat on the first place, so i should rephrase my comment, to something like, it never happened that a big fiat currrency like usd or euro was ever crashed in the past?

Currencies have crashed in the past, they just came around fixing it. The problem is now we are on a dead end where global debt is too much to simply keep on going indefinitely.
Currencies of earth leading empires like the roman empire have collapse. Everything could happen. It will be a controlled collapse if anything.

Collapse cannot be controlled or otherwise it is not a collapse. But you can instigate it as well as stay away from it...

manselr

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Quote from: Amph on June 01, 2015, 02:54:07 AM

Quote from: AtheistAKASaneBrain on May 31, 2015, 08:07:47 AM

Quote from: Amph on May 31, 2015, 03:11:37 AM

Quote from: Agestorzrxx on May 26, 2015, 05:00:36 AM

I don't think US dollar will collapse. Euro is the one may collapse. In the past several month, the Euro rate to us dollar drop very fast.

in the end none will collapse, i don't remember any collapsed fiat in the past, and there was a bigger crisis than this(wall street crisis if someone remember)

You don't remember because it happens about every 70+ years.

But for now no dollar collaspse. The US stock indices aren't even down to where they were three couple ago. At the beginning of April the Dow was at around 17,700 and the NASDAQ was at 4,317.

you are right there was some collapse, around 1932, but those fiat weren't big fiat on the first place, so i should rephrase my comment, to something like, it never happened that a big fiat currrency like usd or euro was ever crashed in the past?

Currencies have crashed in the past, they just came around fixing it. The problem is now we are on a dead end where global debt is too much to simply keep on going indefinitely.
Currencies of earth leading empires like the roman empire have collapse. Everything could happen. It will be a controlled collapse if anything.

sankara87

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Not will collapse, but the US empire will soon fall, is the nature of every empire.

alch1mista

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blockchain longa, vita brevis

Quote from: ^_^` on June 01, 2015, 04:13:28 AM

Nope,

USD is getting more powerful with everyday.

That's what i think as well. In 2009 when bitcoin was born, it was something on the horizon. But now it doesn't seem it's going anywhere but up.

^_^`

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Nope,

USD is getting more powerful with everyday.

hasmukhrawal

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waiting for when the price will increase .

deisik

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Quote from: Amph on June 01, 2015, 02:54:07 AM

Quote from: AtheistAKASaneBrain on May 31, 2015, 08:07:47 AM

Quote from: Amph on May 31, 2015, 03:11:37 AM

Quote from: Agestorzrxx on May 26, 2015, 05:00:36 AM

I don't think US dollar will collapse. Euro is the one may collapse. In the past several month, the Euro rate to us dollar drop very fast.

in the end none will collapse, i don't remember any collapsed fiat in the past, and there was a bigger crisis than this(wall street crisis if someone remember)

You don't remember because it happens about every 70+ years.

But for now no dollar collaspse. The US stock indices aren't even down to where they were three couple ago. At the beginning of April the Dow was at around 17,700 and the NASDAQ was at 4,317.

you are right there was some collapse, around 1932, but those fiat weren't big fiat on the first place, so i should rephrase my comment, to something like, it never happened that a big fiat currrency like usd or euro was ever crashed in the past?

If you're talking about the years of Great Depression, the US dollar only increased in value back then, i.e. appreciated (goods became cheaper overall). It is a far cry from what this topic is about...

Amph

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Quote from: AtheistAKASaneBrain on May 31, 2015, 08:07:47 AM

Quote from: Amph on May 31, 2015, 03:11:37 AM

Quote from: Agestorzrxx on May 26, 2015, 05:00:36 AM

I don't think US dollar will collapse. Euro is the one may collapse. In the past several month, the Euro rate to us dollar drop very fast.

in the end none will collapse, i don't remember any collapsed fiat in the past, and there was a bigger crisis than this(wall street crisis if someone remember)

You don't remember because it happens about every 70+ years.

But for now no dollar collaspse. The US stock indices aren't even down to where they were three couple ago. At the beginning of April the Dow was at around 17,700 and the NASDAQ was at 4,317.

you are right there was some collapse, around 1932, but those fiat weren't big fiat on the first place, so i should rephrase my comment, to something like, it never happened that a big fiat currrency like usd or euro was ever crashed in the past?

azguard

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Quote from: Amph on May 31, 2015, 03:11:37 AM

Quote from: Agestorzrxx on May 26, 2015, 05:00:36 AM

I don't think US dollar will collapse. Euro is the one may collapse. In the past several month, the Euro rate to us dollar drop very fast.

in the end none will collapse, i don't remember any collapsed fiat in the past, and there was a bigger crisis than this(wall street crisis if someone remember)

euro wont collapse it will be shut down more and more countries are trying to go back to there own currency's but it gonna be hard battle.
read some article that Germany want back mark as passing so euro is first one to go down.

AtheistAKASaneBrain

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Quote from: Amph on May 31, 2015, 03:11:37 AM

Quote from: Agestorzrxx on May 26, 2015, 05:00:36 AM

I don't think US dollar will collapse. Euro is the one may collapse. In the past several month, the Euro rate to us dollar drop very fast.

in the end none will collapse, i don't remember any collapsed fiat in the past, and there was a bigger crisis than this(wall street crisis if someone remember)

You don't remember because it happens about every 70+ years.

But for now no dollar collaspse. The US stock indices aren't even down to where they were three couple ago. At the beginning of April the Dow was at around 17,700 and the NASDAQ was at 4,317.

ragi

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I always see this argument how traditional money will collapse and bitcoin will save the day. I don't really see this happening soon, if ever...

Amph

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Quote from: Agestorzrxx on May 26, 2015, 05:00:36 AM

I don't think US dollar will collapse. Euro is the one may collapse. In the past several month, the Euro rate to us dollar drop very fast.

in the end none will collapse, i don't remember any collapsed fiat in the past, and there was a bigger crisis than this(wall street crisis if someone remember)

Agestorzrxx

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I don't think US dollar will collapse. Euro is the one may collapse. In the past several month, the Euro rate to us dollar drop very fast.

azguard

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Quote from: aso118 on May 25, 2015, 08:01:07 PM

Quote from: azguard on May 25, 2015, 11:35:11 AM

Considering swiss frank was collapsed few month ago i dont see why something similar wont happen again.
But with dollar i dont think so most stable value so far.

Swiss Frank didn't collapse. Shocked

It appreciated like crazy after its artificial peg to the Euro was removed.

I know i take this as example for people who bought apartment/house in my country with frank and now they have to pay huge amount of interest and other stuff.

Possum577

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Loose lips sink sigs!

What's the point and meaning to the SDR pie charts? What's the alternative SDR pie chart referring to? A bit more explanation may help the discussion for those who aren't immediately in tune with the detailed facts. Thanks.

Topic: US Dollar collapse in 2015? (2) - page 4. (Read 11773 times)