http://www.reuters.com/article/2015/05/06/us-gold-china-fix-idUSKBN0NR06J20150506
China tests yuan gold fix process amid pricing ambitions: sources
China conducted trial runs for the planned launch of a yuan-denominated gold fix last month, three sources familiar with the matter said, in a sign the world's second-biggest bullion consumer was moving closer to creating a benchmark price.
The state-run Shanghai Gold Exchange (SGE), on whose international platform the fix will be launched, conducted the trial with major Chinese banks and a few foreign banks, the sources said this week.
Topic: US Dollar collapse in 2015? (2) - page 7. (Read 11747 times)
To collapse should start being extremely obvious (yes even more, to a leel where average joes see it too) in about 2050, by 2070 there should be a mega crash if history of fiats repeats itself.
How many times do I have to tell it, it won't be a dollar "collapse" it will be hyperinflation!
I guess anything is possible, but hyperinflation only happens with totally crazy policy. E.g. with Weimar Germany's central bank in 1923. These things don't happen much, and especially not with a tried and true global top dog like the US or Britain in its day. Most likely, it will be a well managed, smooth, long-term decline in the value of the fiat money, as in most countries.
How many times do I have to tell it, it won't be a dollar "collapse" it will be hyperinflation!
How many times, have you already told, my dear friend?
Like 3 times already in this thread and many more times around the forum. Everybody prepares for a collapse, but there wont be, the banksters will never let their ponzi scheme fall, they will try to keep it on life-support as long as they can with printed money.
It will be hyperinflation, globally, not just for the USD, Zimbabwe-style.
You dear my friend is not seeing the reality. The whole system is operated by few very big fishes not by sbanksters. When these fishes make enough money and want something new they just press the reset button. So it's always better to prepare for such situation.
...
I am late to this party, but my thinking is that the US$ will be fairly strong against almost all of the other major currencies in 2015.
NIRP (negative rates) in Europe will likely drive money here to our Treasuries. And conditions are bad there in Europe... I note Italy where we have friends, sea-borne migrants from Libya apparently just tossed some Christian migrants overboard. Murder. And there are lots of Muslims in Europe along with many other problems (based on Socialism).
Yes, the USA has its own problems and corruption, and on a near epic scale. But, IMO the US Dollar will reign supreme for a while.
Still, that is just my opinion. You may want to buy gold (etc.) if you do not own some. Why not join "the other 1%" (owners of physical investment gold)?
Bitcoin is another diversification...
I am late to this party, but my thinking is that the US$ will be fairly strong against almost all of the other major currencies in 2015.
NIRP (negative rates) in Europe will likely drive money here to our Treasuries. And conditions are bad there in Europe... I note Italy where we have friends, sea-borne migrants from Libya apparently just tossed some Christian migrants overboard. Murder. And there are lots of Muslims in Europe along with many other problems (based on Socialism).
Yes, the USA has its own problems and corruption, and on a near epic scale. But, IMO the US Dollar will reign supreme for a while.
Still, that is just my opinion. You may want to buy gold (etc.) if you do not own some. Why not join "the other 1%" (owners of physical investment gold)?
Bitcoin is another diversification...
Hyperinflation has not happened in 2015
No but there is already a 7-8 % inflation in the USA and Europe, and the Central Banks cannot raise interest rates because they cant pay the interest on the debt then.
So because they cant raise the interests rates ever again, the inflation will just grow and then get out of control one day.
Wait 2-3 more years and then we will talk.
Exactly. The thing is, when hyperinflation does hit, the general public will feel it, hence why it is called hyper-inflation. When they feel it, they will begin to understand that everyday they hold onto the Dollars, they are losing value in those dollars. People will start to panic and want to store their wealth in something more stable, this will make the hyperinflation worse.
Yea but even if they dont, hyperinflation will eventually happen. That of course unless all governments stop borrowing once and for all.
Yea but who will pay for all those wars, welfare ,pensions, subsidy and bureocracy? Not a chance, they will not cut their spending.
So hyperinflation is inevitable
Hyperinflation has not happened in 2015
No but there is already a 7-8 % inflation in the USA and Europe, and the Central Banks cannot raise interest rates because they cant pay the interest on the debt then.
So because they cant raise the interests rates ever again, the inflation will just grow and then get out of control one day.
Wait 2-3 more years and then we will talk.
Exactly. The thing is, when hyperinflation does hit, the general public will feel it, hence why it is called hyper-inflation. When they feel it, they will begin to understand that everyday they hold onto the Dollars, they are losing value in those dollars. People will start to panic and want to store their wealth in something more stable, this will make the hyperinflation worse.
Hyperinflation has not happened in 2015
No but there is already a 7-8 % inflation in the USA and Europe, and the Central Banks cannot raise interest rates because they cant pay the interest on the debt then.
So because they cant raise the interests rates ever again, the inflation will just grow and then get out of control one day.
Wait 2-3 more years and then we will talk.
Hyperinflation has not happened in 2015
How many times do I have to tell it, it won't be a dollar "collapse" it will be hyperinflation!
so the same
No its not because you can still make money from this "collapse" by shorting EUR/USD, long USD/JPY and so on. If it were a real collapse then everyone would lose money. Read my previous post to understand better.
How many times do I have to tell it, it won't be a dollar "collapse" it will be hyperinflation!
so the same
WTF are you talking about guys, there will be no DOLLAR "COLLAPSE"
It will not be a collapse, it will be hyperinflation, you dont seriously think that their government will default on all that debt?
They will print it away, and prices will rise madly, it will be hyperinflated!
It will not be a collapse, it will be hyperinflation, you dont seriously think that their government will default on all that debt?
They will print it away, and prices will rise madly, it will be hyperinflated!
I think that is what he means.. when $100 000 000 000 buys you a coffee your currency has collapsed.
Technically yes but, since all other currencies are worse shape, the dollar will always be strong, so for example the EUR/USD will sink to about a 0.01 level, and it would look though as the USD is strong.
Also the Dollar index will always go up, so the dollar will strengthen relative to the otther currencies, but what will actually happen is that the other currencies sink faster than the dollar so it would look like as the dollar is strengthening.
Yes there will be 1 day then everyone will be a $ billionaire, but by then you will be an € quadrilionaire and so on, however you will still only have 10 ounce of gold, even though if you are a $ billionaire.
So the tecnhical term is still hyperinflation, not dollar collapse.
WTF are you talking about guys, there will be no DOLLAR "COLLAPSE"
It will not be a collapse, it will be hyperinflation, you dont seriously think that their government will default on all that debt?
They will print it away, and prices will rise madly, it will be hyperinflated!
It will not be a collapse, it will be hyperinflation, you dont seriously think that their government will default on all that debt?
They will print it away, and prices will rise madly, it will be hyperinflated!
I think that is what he means.. when $100 000 000 000 buys you a coffee your currency has collapsed.
How many times do I have to tell it, it won't be a dollar "collapse" it will be hyperinflation!
How many times, have you already told, my dear friend?
Like 3 times already in this thread and many more times around the forum. Everybody prepares for a collapse, but there wont be, the banksters will never let their ponzi scheme fall, they will try to keep it on life-support as long as they can with printed money.
It will be hyperinflation, globally, not just for the USD, Zimbabwe-style.
How many times do I have to tell it, it won't be a dollar "collapse" it will be hyperinflation!
How many times, have you already told, my dear friend?
How many times do I have to tell it, it won't be a dollar "collapse" it will be hyperinflation!
But one can not be at both side when the time will come. One has to take a side and prepare herself/himself for that by investing inn the appropriate mode of investment he thinks will be best for him/her.
I would place most of my money on the side that is a pretty safe bet right now (ie the dollar and associated assets), and a small portion on the assets that are speculative right now but would be a huge win if they came through (ie against the dollar system.)
Yeah that will be very wise decision because Dollar is thought to be the strongest one right now. But do diversity your investment so that you will have less risk and more profit.
https://bitcointalk.org/index.php?topic=1022386.100;topicseen see this topic you will really get your answer
The most fucked up currencies and most likely to go down the tubes are, in this order: EUR, JPY, RUR, USD
EUR, the Esperanto of currencies
So while USA is worse than Greece (US national debt, state and city debt make Greece look rock solid), there is no alternative because others are even more fucked up...
EUR, the Esperanto of currencies
So while USA is worse than Greece (US national debt, state and city debt make Greece look rock solid), there is no alternative because others are even more fucked up...
however low yield assets, conditioned by the FED, are pushing risk appetites...so the dollar is strong (and no one really wants that from investor to FED) and risky assets are creating yield, junk bonds, high risk-credit, etc. Not a very good investing environment. I like gold and bitcoin long term, toilet paper and liquor in the medium.
Jump to: