If The Dollar Crashes What Happens Next?

[Cpappa27]

Im not much into politics, but I do a lot of reading and the shit going on around the world is pretty scary. I read a lot of articles and watch many videos where they outline the fall of the dollar and say it's imminent, and happening very soon. I don't have a ton of money in the stock market but I do have a fair amount and same thing with the stock market, half the people say pull out now and half say relax and wait. People are saying to get your money of of the banks and invest in gold and silver, and others say they're bat shit crazy. The canadian dollar shit the bed not long ago and thats not that far from home. The US is in so much damn debt and we keep putting it off and putting it off, but something has to give, right? People talking about a bubble popping and this said bubble is the biggest its ever been, what is this bubble can someone help me with that one? All that being said what is the most likely scenario for the US in the coming year or years as far as the dollar and the stock market, and if its going to be as bad as some predict (the worst depression ever in history), how do we survive it and what is going to be of value if the dollar is no good? I read a lot of what you all talk about here in politics and there are some awesome minds and views from all angles so I am really interested to hear what you all have to say. Thanks guys

 

[NLXSK1]

Im not much into politics, but I do a lot of reading and the shit going on around the world is pretty scary. I read a lot of articles and watch many videos where they outline the fall of the dollar and say it's imminent, and happening very soon. I don't have a ton of money in the stock market but I do have a fair amount and same thing with the stock market, half the people say pull out now and half say relax and wait. People are saying to get your money of of the banks and invest in gold and silver, and others say they're bat shit crazy. The canadian dollar shit the bed not long ago and thats not that far from home. The US is in so much damn debt and we keep putting it off and putting it off, but something has to give, right? People talking about a bubble popping and this said bubble is the biggest its ever been, what is this bubble can someone help me with that one? All that being said what is the most likely scenario for the US in the coming year or years as far as the dollar and the stock market, and if its going to be as bad as some predict (the worst depression ever in history), how do we survive it and what is going to be of value if the dollar is no good? I read a lot of what you all talk about here in politics and there are some awesome minds and views from all angles so I am really interested to hear what you all have to say. Thanks guys

There is good news and there is bad news...

If the video starts with the terrible shit that is going to happen on the premise of selling you valuable gold coins then it is probably total bullshit.

However, the government has artificially manipulated the currency markets for years through the federal reserve and their actions are going to eventually cause a crash in the dollar.

What that means is that hard currency such as gold, silver, property (possibly) will go up and everything backed by the dollar will become more expensive. Since metals will go up proportionately if you own them it is a hedge against this inflation.

When the smoke settles, everyone has a lower standard of living... Thanks Government!!

 

[Fogdog]

If an asteroid crashed into the earth tomorrow, what will you do?
Not likely to happen

 

[Cpappa27]

There is good news and there is bad news...

If the video starts with the terrible shit that is going to happen on the premise of selling you valuable gold coins then it is probably total bullshit.

However, the government has artificially manipulated the currency markets for years through the federal reserve and their actions are going to eventually cause a crash in the dollar.

What that means is that hard currency such as gold, silver, property (possibly) will go up and everything backed by the dollar will become more expensive. Since metals will go up proportionately if you own them it is a hedge against this inflation.

When the smoke settles, everyone has a lower standard of living... Thanks Government!!

When do you think this will happen and when it does what do you think will be the severity of it. Martial law, do you think thats a possibility, and then when were down possible war or attack from foreign country? Is that what its going to be you think?

 

[MuyLocoNC]

If you're asking for financial advice from this crowd, you might as well give it to me for my next trip to Vegas. With the exception of a select few, I wouldn't let them invest the lint in my pocket for me. Most of the miscreants on this site are welfare cases, work-a-day chumps or growers who sell a ridiculously profitable product, yet don't have a pot to piss in.

I could get you better odds of success at the craps table.

 

[NLXSK1]

When do you think this will happen and when it does what do you think will be the severity of it. Martial law, do you think thats a possibility, and then when were down possible war or attack from foreign country? Is that what its going to be you think?

MuyLocoNC is correct, you would get better odds of success at the craps table simply because the odds are calculable.

We wont get into martial law and/or other troubles like this unless it got really bad to the point the government stopped sending out welfare checks. I think we have a long way to go before that will happen.

The people that will be most affected are the poor and the elderly who cannot obtain additional income and are living on fixed incomes that are now much smaller than even before. The same people the politicians keep telling you they are trying to help.

What I will tell you is to prep yourself like for any other disaster. Try to have up to 3 months of food and water supply and a safe place to hole up in case ANYTHING happens. This could be totally unrelated to the markets such as natural disasters.

As for your investments, most smart people will tell you to let it ride until you get older and then start shifting it into less risky investments such as bonds and annuities.

 

[UncleBuck]

If the video starts with the terrible shit that is going to happen on the premise of selling you valuable gold coins then it is probably total bullshit.

sounds like every single day on fox news.

 

[londonfog]

If you're asking for financial advice from this crowd, you might as well give it to me for my next trip to Vegas. With the exception of a select few, I wouldn't let them invest the lint in my pocket for me. Most of the miscreants on this site are welfare cases, work-a-day chumps or growers who sell a ridiculously profitable product, yet don't have a pot to piss in.

I could get you better odds of success at the craps table.

craps is not the game with the best chance of winning. Hit the black jack table and let the dealer beat himself/herself

 

[red w. blue]

The one thing that served me well is having the cash to buy when something cheap. People that know me if they need quick cash will check with me first, I made a little over 6,000 on a car from a doctor, with less than 2 hours and 20 bucks to clean it, One of the dollar stores had libbys corn, peas and green beans on sale for 3 or a dollar I got close 400 cans. I was in wallmart a 2 months back and ran into CFL 60s 4 for 94 cents I got over 100, and I had switched to LEDs before that. I do give away lot. I got into helping low income elderly years ago one of the ways replacing light bulbs I didn't like the idea of a little old lady on a ladder, I would buy cases of good bulbs for half the price of crap and would sell for cost or give away.
Keep your self where you are not at the mercy of whatever happens and in the position to use whatever happens to your advantage.

 

[Elwood Diggler]

Im not much into politics, but I do a lot of reading and the shit going on around the world is pretty scary. I read a lot of articles and watch many videos where they outline the fall of the dollar and say it's imminent, and happening very soon. I don't have a ton of money in the stock market but I do have a fair amount and same thing with the stock market, half the people say pull out now and half say relax and wait. People are saying to get your money of of the banks and invest in gold and silver, and others say they're bat shit crazy. The canadian dollar shit the bed not long ago and thats not that far from home. The US is in so much damn debt and we keep putting it off and putting it off, but something has to give, right? People talking about a bubble popping and this said bubble is the biggest its ever been, what is this bubble can someone help me with that one? All that being said what is the most likely scenario for the US in the coming year or years as far as the dollar and the stock market, and if its going to be as bad as some predict (the worst depression ever in history), how do we survive it and what is going to be of value if the dollar is no good? I read a lot of what you all talk about here in politics and there are some awesome minds and views from all angles so I am really interested to hear what you all have to say. Thanks guys

loons have been saying that since 1980

 

[MuyLocoNC]

craps is not the game with the best chance of winning. Hit the black jack table and let the dealer beat himself/herself

No doubt, but I've grown bored with blackjack. There isn't anything as exciting in the casino as a packed craps table when someone is on a monster roll. I usually play 6-8 hours of No Holdem, an hour or two of blackjack and about three hours of craps. Then I pass out and start again when I wake up.