RE: How Jim Rickards gets it wrong!!!

[goathollow]

@freakygeak, I'm no expert either, but I do see Steem, and Bitcoin as a way out or at least keep my head above water as the US Dollar collapses. It Will collapse soon, because Russia, and China are trying to make it crash.

Comments

[amberyooper]

Well, China and Russia are trying to do business without useing the petro dollar, so they don't have to deal with the restrictions put on them when using the petro dollar. I don't think they care if it crashes or not, they just don't want to be controlled by it. Of course, that could lead to it's collapse.
I used to find it amazing that it hasn't already collapsed until I realized that it is in a controlled collapse now, and has been since 2007. The fed has such control over it that they can manipulate the crash so that it doesn't seem like a crash. It may not get to the "everything falls apart into chaos" stage, especially if congress votes to remove the debt ceiling like they've been working on.

[goathollow]

@Amberyooper,

1. If the Debt ceiling IS raised, it's like just deciding that your credit card limit should be raised.... By yourself..... Washington is already getting cash advances on the Visa card, just so they can make the minimum monthly payment on the Mastercard. How long before the "Public" gets wise to the game, and loses faith in the money. Each Taxpayer's share of the debt they've rung up is 166,000!!!
2. Crypto Currencies are an escape hatch for a lot of people. The Banksters are scared of this. Look for a GREAT WAR on Cryptos, and Bitcoin to start. The Banks will lose this war.
3. Russia / China are already almost in position to pull the plug! China set up gold backed oil futures contracts just last week. They've started their own version of SWIFT (The protocol for international transactions.) They have their own version of the IMF as well. China and Russia both have amassed over 1,600 tons of gold each. Iran 904 tons! Iran has already abandoned the Petro-Dollar. China has been quietly getting rid of US Government debt for years. Only a matter of time before they get to a point where the gains of dumping the rest of their US bonds on the market outweighs the losses.
   Look for China to back it's Yuan with gold soon also.
4. All of this might just coincide with Iran closing down the "Strait of Hormuz" cutting off most of the Middle Eastern Oil from being shipped. A conflict in N Korea, might set things off. Russia, China, Iran.... All of them are pissed about the stupid "Sanctions" the US is pulling.
   5)The US Army quietly closed the Army base surrounding Ft Knox last Summer.... Why would you lay off the security guards, if there's anything left in the safe?

I have a $10 Trillion Zimbabwe bill!!! I think before long, I'll see a $10 Trillion green back!!!