Economic collapse

Whatever...

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kellz5460
Posts: 314
Joined: Wed Dec 01, 2010 1:50 am

Economic collapse

Post by kellz5460 »

it's just interesting to watch what's happening in the world-

The US looks like its about to repeat 2008 times 100 since there most of the buyers of US debt are bailing out or switching to other currencies

Then you have whether or not Bernake will continue devaluing the dollar with QE3 or whether he will stop and let interest rates rise and further the debt monetization which are making all paper assets into toilet paper.

http://www.zerohedge.com/article/guest- ... es-qex-box

It's also scary how fast commodity prices are skyrocketing in real terms and even things like silver have jumped nearly doubled in the past year alone. At the same time the dollar index- er the value of the paper is losing value.

http://www.bloomberg.com/apps/quote?ticker=DXY:IND

Other countries are rapidly buying commodities- developing nations are pouring into bullion dumping their dollar reserve which is going to take down the dollar as the world reserve currency

http://www.ibtimes.com/articles/137276/ ... iation.htm

I was just wondering if anybody was thinking about this and how it may affect them even if they don't live in the US-
OMG make it stop!
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