Vexcalibur wrote:
Zeno wrote:
Sand wrote:
Considering he attitudes of the major financial houses in Europe and the USA they would rather civilization succumbs than give up their indentures.
You say civilization, I say entitlements that are no longer affordable. Billions of people live far simpler lives for a lot less than what the malcontents in Europe and America claim as their inalienable birthright.
This is utter bull. (insert melody symbols).
Your appreciation is most likely missing things like cost of living. I can get the food for a day with 1.00 dollar in here. Good luck doing that in Europe or America.
It's doable here if you actually cook your food. Easily doable. My friend's Indian family of 4-5 people ate on $90 a month. But regardless of rice and beans being available, Americans will riot for sure once they stop affording hot pockets and frozen pizzas.
And as far the original topic of the dollar dying, I'm a bit too lazy to watch the video at the moment, but uh, my thoughts on that. I think the dollar will die a slow painful death. It already is. I remember energy drinks I bought just a year ago raising in price by a dollar, just simple things like that are going up. I don't think the dollar will catastrophically just "explode" there may be mile markers we see in hindsight, but yeah. All we have to hope for is that it doesn't end up in Zimbabwe dollars or post WWI German marks or something to that effect, which it probably shouldn't, as while USA is bad off, we're not a worthless country. We manufacture stuff, we own land, etc.
If anything, what I think is much more likely is China and others will let, you know, the American economy not explode, if we give them something in return. We were basically giving them reputation points, but now they've found out those don't go as far as they used to. Now they're probably going to want actual tangible things. I'm wondering what the tangible things our debt holders want. Also, too, geopolitically, even with China, China owning our debt, would, say, give them leverage to use against us, so we don't go invade North Korea or something to that effect.
And as far as riots happening. Well, they are. Occupy Wall Street? Yep, people are mad about stuff. It will get worse. I don't agree with the riots really, but hey, they're happening. It's only going to get worse, but I don't think it's going to be recognizable as being worse due to our own human minds working the way they do. We can see in hindsight, turning points, culture shifts, etc, but we usually cannot see them while they're happening, as we're too concerned with our own survival to analyze the situation and make a judgement about it relating to the future or how things were in the past.