Dollar Dropping

[blahblahblah]

assets are just whatever we agree has value.

it can be very bad to be int he wrong asset class at the wrong time if it goes down for an extended time.

the us dollar may be the wrong asset class for a while.

Agreed. One thing that I have come to realize is that the value of all assets is controlled and manipulated by very powerful persons (VPPs). The VPPs will move prices in ways that suit them and they use these movements to fleece the sheep (the rest of us). A great deal (not all) of what we read on the internet, in a newspaper, or see on TV is designed to move the flock in the same way that dogs are used to move flocks of sheep. Fear is the most powerful motivator. Just as the herd moves in fear of the predator-that-is-not-an-actual-predator (the sheep dog), we all move in fear of the threat-that-is-not-actually-a-threat. In recent years this has been:

1) Losing your standard of living because you don’t own dot-com stocks
2) Losing your standard of living because you don’t own a house in Southern California
3) Dying from terrorism

Now there are some new ones:

1) Losing your standard of living because the dollar is going to zero and you don’t own gold.
2) Dying from swine flu

The VPPs will do as they wish and will continue fleecing the flock. Gold might keep you safe for a while, but only if the VPPs allow it.

Good luck to all.

[UCGal]

You have to buy gold now. They’re not making any more!

/snark

From my perspective – I agree with CONCHO. TPTB are going to manipulate things in a way that I will get hosed.

Maybe it’s a bubble. Maybe it will be the only currency that survives the economic meltdown. The only thing I do know…

I can’t eat gold.

I suppose I can use it as a weapon – if it’s in coins or ingots… not so much if it’s bullion.

They idea of having food and water reserves makes sense to me. They idea of having gold because armageddon is coming… eh, not so much. As an investment… to much manipulation for my comfort.

[UCGal]

You have to buy gold now. They’re not making any more!

/snark

From my perspective – I agree with CONCHO. TPTB are going to manipulate things in a way that I will get hosed.

Maybe it’s a bubble. Maybe it will be the only currency that survives the economic meltdown. The only thing I do know…

I can’t eat gold.

I suppose I can use it as a weapon – if it’s in coins or ingots… not so much if it’s bullion.

They idea of having food and water reserves makes sense to me. They idea of having gold because armageddon is coming… eh, not so much. As an investment… to much manipulation for my comfort.

[UCGal]

You have to buy gold now. They’re not making any more!

/snark

From my perspective – I agree with CONCHO. TPTB are going to manipulate things in a way that I will get hosed.

Maybe it’s a bubble. Maybe it will be the only currency that survives the economic meltdown. The only thing I do know…

I can’t eat gold.

I suppose I can use it as a weapon – if it’s in coins or ingots… not so much if it’s bullion.

They idea of having food and water reserves makes sense to me. They idea of having gold because armageddon is coming… eh, not so much. As an investment… to much manipulation for my comfort.

[UCGal]

You have to buy gold now. They’re not making any more!

/snark

From my perspective – I agree with CONCHO. TPTB are going to manipulate things in a way that I will get hosed.

Maybe it’s a bubble. Maybe it will be the only currency that survives the economic meltdown. The only thing I do know…

I can’t eat gold.

I suppose I can use it as a weapon – if it’s in coins or ingots… not so much if it’s bullion.

They idea of having food and water reserves makes sense to me. They idea of having gold because armageddon is coming… eh, not so much. As an investment… to much manipulation for my comfort.

[UCGal]

You have to buy gold now. They’re not making any more!

/snark

From my perspective – I agree with CONCHO. TPTB are going to manipulate things in a way that I will get hosed.

Maybe it’s a bubble. Maybe it will be the only currency that survives the economic meltdown. The only thing I do know…

I can’t eat gold.

I suppose I can use it as a weapon – if it’s in coins or ingots… not so much if it’s bullion.

They idea of having food and water reserves makes sense to me. They idea of having gold because armageddon is coming… eh, not so much. As an investment… to much manipulation for my comfort.

[Arraya]

Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.

It will only be shortlived and then we will all remember that it has no utility value and move on to things that can sustain life. Possibly a calorie or BTU related currency. Because it is scientifically measurable.

These are the last days of fiat though.

4plex says 70%, I say 100% because they all paper assets require “growth” to maintain value and “growth” has gone the way of the dodo. At least in the phyiscal sense. We may want to redefine growth as we transition away for this paradigm because we seem to like that to measure success in terms of “growth” . Maybe personal, artistic or spiritual…

[Arraya]

Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.

It will only be shortlived and then we will all remember that it has no utility value and move on to things that can sustain life. Possibly a calorie or BTU related currency. Because it is scientifically measurable.

These are the last days of fiat though.

4plex says 70%, I say 100% because they all paper assets require “growth” to maintain value and “growth” has gone the way of the dodo. At least in the phyiscal sense. We may want to redefine growth as we transition away for this paradigm because we seem to like that to measure success in terms of “growth” . Maybe personal, artistic or spiritual…

[Arraya]

Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.

It will only be shortlived and then we will all remember that it has no utility value and move on to things that can sustain life. Possibly a calorie or BTU related currency. Because it is scientifically measurable.

These are the last days of fiat though.

4plex says 70%, I say 100% because they all paper assets require “growth” to maintain value and “growth” has gone the way of the dodo. At least in the phyiscal sense. We may want to redefine growth as we transition away for this paradigm because we seem to like that to measure success in terms of “growth” . Maybe personal, artistic or spiritual…

[Arraya]

Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.

It will only be shortlived and then we will all remember that it has no utility value and move on to things that can sustain life. Possibly a calorie or BTU related currency. Because it is scientifically measurable.

These are the last days of fiat though.

4plex says 70%, I say 100% because they all paper assets require “growth” to maintain value and “growth” has gone the way of the dodo. At least in the phyiscal sense. We may want to redefine growth as we transition away for this paradigm because we seem to like that to measure success in terms of “growth” . Maybe personal, artistic or spiritual…

[Arraya]

Gold will have it’s day in the sun because people will seek to grab on to anything as fiat dies, as the laws of physics demand. I expect at some point a massive global gold grab soom time soon.

It will only be shortlived and then we will all remember that it has no utility value and move on to things that can sustain life. Possibly a calorie or BTU related currency. Because it is scientifically measurable.

These are the last days of fiat though.

4plex says 70%, I say 100% because they all paper assets require “growth” to maintain value and “growth” has gone the way of the dodo. At least in the phyiscal sense. We may want to redefine growth as we transition away for this paradigm because we seem to like that to measure success in terms of “growth” . Maybe personal, artistic or spiritual…

[meadandale]

[quote=kicksavedave]So, on a practical level, if one is predicting the dollar to continue to drop vs say, the Euro, if you’re planning a long trip to Europe next June, would it not make sense to exchange some dollars for Euro’s now, rather than wait til June when I’d get less in exchange? [/quote]

Most probably…

I took a trip to Australia in March and the exchange rate was about Aus 0.65 to 1 US. Now it is about Aus 0.87 to 1 US. That’s a huge decrease in purchasing power in 6 months.

[meadandale]

[quote=kicksavedave]So, on a practical level, if one is predicting the dollar to continue to drop vs say, the Euro, if you’re planning a long trip to Europe next June, would it not make sense to exchange some dollars for Euro’s now, rather than wait til June when I’d get less in exchange? [/quote]

Most probably…

I took a trip to Australia in March and the exchange rate was about Aus 0.65 to 1 US. Now it is about Aus 0.87 to 1 US. That’s a huge decrease in purchasing power in 6 months.

[meadandale]

[quote=kicksavedave]So, on a practical level, if one is predicting the dollar to continue to drop vs say, the Euro, if you’re planning a long trip to Europe next June, would it not make sense to exchange some dollars for Euro’s now, rather than wait til June when I’d get less in exchange? [/quote]

Most probably…

I took a trip to Australia in March and the exchange rate was about Aus 0.65 to 1 US. Now it is about Aus 0.87 to 1 US. That’s a huge decrease in purchasing power in 6 months.

[meadandale]

[quote=kicksavedave]So, on a practical level, if one is predicting the dollar to continue to drop vs say, the Euro, if you’re planning a long trip to Europe next June, would it not make sense to exchange some dollars for Euro’s now, rather than wait til June when I’d get less in exchange? [/quote]

Most probably…

I took a trip to Australia in March and the exchange rate was about Aus 0.65 to 1 US. Now it is about Aus 0.87 to 1 US. That’s a huge decrease in purchasing power in 6 months.

[Author]

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