written by reader US Dollar’s Stability

By Anonymous Questions, September 3, 2015

Have you addressed the continuing forecasting of the demise of the US Dollar, by; Dent, Stansberry, Casey, Rickards, Sen. Paul, and others with less apocalyptic views. The loudest voices, of course, have the most to sell.. These come via email and good old US Mail.

I am not a trained economist, so the amount of money injected into our economy does lead one to wonder when and how the USD’s value will rebalance.

BTW – I searched and found some specific articles unraveling silver bullet teasers, but not the general discussion.

Best Regards

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Gary Stoltzenberg
Guest

I have the same concerns, they all claim that come Oct. 17 2015 the dollar will no longer be the worlds reserve currency, banks will close, there will be anarchy in the streets, etc, etc., yet they all manage to continue selling memberships.

Travis Johnson, Stock Gumshoe
Admin
👍13711

I haven’t written about this a lot lately, the same basic arguments were used in 2010 and 2011, most notably in Porter Stansberry’s “End of America” screed, and similar ones in previous precarious times. My basic feeling is that the big picture worries about the dollar are logical and may end up coming to pass (though they’re certainly not preordained or easily predictable, particularly as it pertains to time — the major linchpin usually cited, U.S. Debt, has been unsustainable for 30 years…), but that the specific date stuff is hooey — they use dates because they fit with the… Read More »

Patricia
Guest
Patricia

Gary, they do not ALL give dates. I don’t know about the others, but I follow James Rickards and subscribe to his newsletter; he never gives dates. I think to do so is foolish and deceptive. Rickards is a thoughtful man and an astute, well-connected economist, writer, analyst, and observer. He’s quite clear, always has been, that what he is pointing out and warning us about is the complexity and fragility of our global financial system – no one can predict exactly when breakdowns will occur, but the weaknesses and most serious problems can be identified and give us some… Read More »

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hendrixnuzzles
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hendrixnuzzles

Welcome back, Patrica. I share your regard for Rickards but second the motion that a correct long term macro viewpoint does not necessarily result in good short-term investments. Long term, I just do not see how dramatic increase in fiat currency units will not result in the devaluation of those units. There will be lots of unexpected twists and turns, and the powers that be will try to maintain the value of the currency units; but in every age and time, these efforts have failed eventually when governments debase money and increase currency in circulation with no corresponding economic output… Read More »

Patricia
Member
👍689

Yes it is troubling, but not surprising to anyone who’s read his books. He seems quite correct in describing this currency war the world is now in as history’s third, so it’s instructive to look over how the previous ones ended. I don’t like the words “meltdown” or “collapse” because nothing really ends, we have crashes and resets. Historically the world’s dominant monetary system shifts or is restructured. We can only hope this next time is done in an orderly and beneficial way. I think it would be so much safer for everyone if all currencies were asset-backed in some… Read More »

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knambasai
Member
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knambasai

I got similar article relating to kenedy dollar movement and the reason behind president kennedy’s assasination.Can you share some light on this.

Thanks
Kevin

Patricia
Member
👍689

Kevin, I’m pretty sure Travis covered that pitch here in the past, try using the search function, it shouldn’t be too hard to find.

archives2001
Irregular
👍89
archives2001

Leave Harry Dent out of your query statement:
He continues to spout the dollar will escalate and gold plummet!
As of Nov 2015, it appears that he’s on target!

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slipnby
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slipnby

Any thoughts about Jim Rickards august 2015 teaser “The Biggest Accounting
Hoax Since Enron”? He is projecting a time frame of six months for total collapse of the US economy…wiping out everyone’s home, stocks, IRA, 401K, etc. Suggests buying gold eagles or buffalo coins, and subscribing (risk free) to Strategic Intelligence.

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IrvS
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IrvS

Of all the newsletter writers I have followed for the past decade–and most of them have been mentioned above–I have the greatest respect for Jim Rickards. Suffice to say, we will soon learn the true outcome of all the “bloviating.” I don’t look for it to be pretty.

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