Day of reckoning looms for the U.S. dollar

[patientrenter]

“Bernanke has completely lost control. The Fed is now at the mercy of the purchasers of our debt. And he won’t be able to restrain interest rates for long. So I believe we will be slipping into the extremis state within the next twelve (12) months, if not sooner. At that point I would expect exporters to begin requiring many more dollars for products sold to the U.S., and in the case of hard assets with higher *real* value (such as oil), dollars may not be accepted at all, and this is already the case with at least one OPEC country (Iran) that has recently decided that the greenback — no matter how many they receive — is simply too worthless to purchase their oil. Venezuela will probably follow suit, as Iran is putting pressure on other OPEC countries to ditch the dollar altogether. I wouldn’t expect this to happen overnight, but when the dollar collapse begins in earnest I wouldn’t count on being able to find $2.59 gas. Think more along the lines of $5.”

Groan.. I give up.

partypup, I assume you make these posts to entertain yourself. But if you are trying to figure out what’s most likely to happen, then your comment about the OPEC countries not taking any number of dollars in return for giving us their oil doesn’t fit with your conclusion that oil will be at $5. If people accept $5 in return for a gallon of gasoline, then that means oil exporters will accept dollars too. They may just want more of them. There’s a difference between a 30% or even 50% devaluation of a currency and its complete collapse. One is Bladerunner, the other is Mad Max.

[nostradamus]

Hijack! LoL Bladerunner and Mad Max 2 are in my top-ten all-time favorite films… I guess I say “bring it!” Mad Max 2 has the best narrative voice-over of all movies IMO… It’s so reminiscent of OUR time it makes me tingle!

Carry on with:

[nostradamus]

Hijack! LoL Bladerunner and Mad Max 2 are in my top-ten all-time favorite films… I guess I say “bring it!” Mad Max 2 has the best narrative voice-over of all movies IMO… It’s so reminiscent of OUR time it makes me tingle!

Carry on with:

[nostradamus]

Hijack! LoL Bladerunner and Mad Max 2 are in my top-ten all-time favorite films… I guess I say “bring it!” Mad Max 2 has the best narrative voice-over of all movies IMO… It’s so reminiscent of OUR time it makes me tingle!

Carry on with:

[nostradamus]

Hijack! LoL Bladerunner and Mad Max 2 are in my top-ten all-time favorite films… I guess I say “bring it!” Mad Max 2 has the best narrative voice-over of all movies IMO… It’s so reminiscent of OUR time it makes me tingle!

Carry on with:

[nostradamus]

Hijack! LoL Bladerunner and Mad Max 2 are in my top-ten all-time favorite films… I guess I say “bring it!” Mad Max 2 has the best narrative voice-over of all movies IMO… It’s so reminiscent of OUR time it makes me tingle!

Carry on with:

[patientrenter]

nostradamus, I have only ever bought 2 movies for viewing at home – one is Bladerunner.

The truth is that these movies, even one set in the future like Bladerunner, do age. We become used to better and better techniques in special effects, acting, camera work, sound, storywriting… and eventually even our old favorites start to pale a little. But Bladerunner was a great movie, and is still very good.

By the way, the other movie I bought was Life of Brian. I loved it when it first came out, when I was in college. I didn’t see it again until I bought it some time in the last 10 years, and couldn’t believe that the funniest movie I’d ever seen was now flat and a little puerile. I still like a few scenes though, like that one where the (Jewish) Palestinian terrorists get together to discuss what actions to take to protest their oppression at the hands of the (Roman) rulers of Jerusalem, and someone asks “What have the Romans ever done for us?”.

[patientrenter]

nostradamus, I have only ever bought 2 movies for viewing at home – one is Bladerunner.

The truth is that these movies, even one set in the future like Bladerunner, do age. We become used to better and better techniques in special effects, acting, camera work, sound, storywriting… and eventually even our old favorites start to pale a little. But Bladerunner was a great movie, and is still very good.

By the way, the other movie I bought was Life of Brian. I loved it when it first came out, when I was in college. I didn’t see it again until I bought it some time in the last 10 years, and couldn’t believe that the funniest movie I’d ever seen was now flat and a little puerile. I still like a few scenes though, like that one where the (Jewish) Palestinian terrorists get together to discuss what actions to take to protest their oppression at the hands of the (Roman) rulers of Jerusalem, and someone asks “What have the Romans ever done for us?”.

[patientrenter]

nostradamus, I have only ever bought 2 movies for viewing at home – one is Bladerunner.

The truth is that these movies, even one set in the future like Bladerunner, do age. We become used to better and better techniques in special effects, acting, camera work, sound, storywriting… and eventually even our old favorites start to pale a little. But Bladerunner was a great movie, and is still very good.

By the way, the other movie I bought was Life of Brian. I loved it when it first came out, when I was in college. I didn’t see it again until I bought it some time in the last 10 years, and couldn’t believe that the funniest movie I’d ever seen was now flat and a little puerile. I still like a few scenes though, like that one where the (Jewish) Palestinian terrorists get together to discuss what actions to take to protest their oppression at the hands of the (Roman) rulers of Jerusalem, and someone asks “What have the Romans ever done for us?”.

[patientrenter]

nostradamus, I have only ever bought 2 movies for viewing at home – one is Bladerunner.

The truth is that these movies, even one set in the future like Bladerunner, do age. We become used to better and better techniques in special effects, acting, camera work, sound, storywriting… and eventually even our old favorites start to pale a little. But Bladerunner was a great movie, and is still very good.

By the way, the other movie I bought was Life of Brian. I loved it when it first came out, when I was in college. I didn’t see it again until I bought it some time in the last 10 years, and couldn’t believe that the funniest movie I’d ever seen was now flat and a little puerile. I still like a few scenes though, like that one where the (Jewish) Palestinian terrorists get together to discuss what actions to take to protest their oppression at the hands of the (Roman) rulers of Jerusalem, and someone asks “What have the Romans ever done for us?”.

[patientrenter]

nostradamus, I have only ever bought 2 movies for viewing at home – one is Bladerunner.

The truth is that these movies, even one set in the future like Bladerunner, do age. We become used to better and better techniques in special effects, acting, camera work, sound, storywriting… and eventually even our old favorites start to pale a little. But Bladerunner was a great movie, and is still very good.

By the way, the other movie I bought was Life of Brian. I loved it when it first came out, when I was in college. I didn’t see it again until I bought it some time in the last 10 years, and couldn’t believe that the funniest movie I’d ever seen was now flat and a little puerile. I still like a few scenes though, like that one where the (Jewish) Palestinian terrorists get together to discuss what actions to take to protest their oppression at the hands of the (Roman) rulers of Jerusalem, and someone asks “What have the Romans ever done for us?”.

[nostradamus]

LOL. I’ve bought something like 400 movies (at least that’s how many I still have in my collection, they tend to “walk away”) and Blade Runner (director’s cut) as well as all the Mad Max films are of course part of my collection. Blade Runner was based on the book Do Androids Dream of Electric Sheep? Which is timeless… Hard to believe it was written in 1968. I am one who (like many) will almost always prefer the book to the movie.

Another potential-future movie I love is A Clockwork Orange. The movie is dated but the book just blows it away… I do see the self-entitled people of today turning into ultra-violent Alexes!

[nostradamus]

LOL. I’ve bought something like 400 movies (at least that’s how many I still have in my collection, they tend to “walk away”) and Blade Runner (director’s cut) as well as all the Mad Max films are of course part of my collection. Blade Runner was based on the book Do Androids Dream of Electric Sheep? Which is timeless… Hard to believe it was written in 1968. I am one who (like many) will almost always prefer the book to the movie.

Another potential-future movie I love is A Clockwork Orange. The movie is dated but the book just blows it away… I do see the self-entitled people of today turning into ultra-violent Alexes!

[nostradamus]

LOL. I’ve bought something like 400 movies (at least that’s how many I still have in my collection, they tend to “walk away”) and Blade Runner (director’s cut) as well as all the Mad Max films are of course part of my collection. Blade Runner was based on the book Do Androids Dream of Electric Sheep? Which is timeless… Hard to believe it was written in 1968. I am one who (like many) will almost always prefer the book to the movie.

Another potential-future movie I love is A Clockwork Orange. The movie is dated but the book just blows it away… I do see the self-entitled people of today turning into ultra-violent Alexes!

[nostradamus]

LOL. I’ve bought something like 400 movies (at least that’s how many I still have in my collection, they tend to “walk away”) and Blade Runner (director’s cut) as well as all the Mad Max films are of course part of my collection. Blade Runner was based on the book Do Androids Dream of Electric Sheep? Which is timeless… Hard to believe it was written in 1968. I am one who (like many) will almost always prefer the book to the movie.

Another potential-future movie I love is A Clockwork Orange. The movie is dated but the book just blows it away… I do see the self-entitled people of today turning into ultra-violent Alexes!

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