written by reader What’s with the latest Jim Rickards hype that come Jan 1, 2018 the US Dollar will be replaced by the global elites and the dollar will be replaced

By backoffice, December 13, 2017

by a currency outside of our country’s control and Trump can’t do a thing about it. Retirees who don’t act will stand to lose basically everything, Disruption in social security payments, medicare along with everything else . Any chance of what this doomsayer is calling for can anything be done to avoid this? Or is this another false call?

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old lady knitter
Member
old lady knitter
December 20, 2017 4:05 pm

I have seen several articles regarding this, basically alluding to if China calls in all of the United States debts, it would cause the dollar to be worthless. And now CNBC’s article about dark pools which is affecting the stock market. It seems that there are and quite a number of investors that are placing buys and sells off record. After the market closes in other words. And there is no effect on the price of the stock because it is not recorded until after the sale is made. If the purchase was made during stock trading hours, it would affect the price of the stock either up or down. But in these dark pools, trading is made off record which distorts the actual price of the stock.

Plus, the alternate currencies becoming stronger and stronger worldwide as with Bitcoin which is now being accepted as valid payment for even a couple coffee.

I would like to hear from someone else regarding these phenomena.

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Dlc86
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Dlc86
January 15, 2018 3:45 am

It is a electronic money not backed by nothing but air! Safer to use PayPal! Except they want to be able to get into the citizens retirement money! It is no loss for the elites! But it is your hard working money. And unavailability to retire after it has been dipped into!

IT IS IMPLIED ELECTRONICLE INVESTMENT TIED TO YOUR RETIREMENT ACCOUNTS THAT WILL BE LOST!!!

It already happened here in the USA with the paper money! Took a lot of peoples retirement and now they are working 10 to 15 years longer!

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nboven
nboven
December 23, 2017 2:52 pm

I would like to know Travis thoughts on Jim Rickards claims.
Nancy B

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daveh
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daveh
December 26, 2017 1:41 pm

My opinion is Jim Rickards is so out-to-lunch that an investor is better off not wasting time reading him and instead concentrating on believable strategists. Plus, I think he has over-hyped his involvement in solving financial crises.

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Dlc86
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Dlc86
January 15, 2018 3:36 am
Reply to  daveh

Ditto!

Dlc86
Guest
Dlc86
January 15, 2018 3:36 am

It is a way for the foreign countries to have FAKE money, that can be manipulated by the elites, foreign bankers to take from the Citizens and bail out the banks and businesses!
Just like paper money that is not backed by gold! All the US gov does is print more money! Obama knows this well! As well as previous presidents!
If the elites want to invest in something they know the citizens will not approve of, all they do is electronically move more money from nowhere in there!

I see it gaining potential, but once you get the foreign countries involved you automatically get the UN involved! And citizens will eventually decide where their money is safer!
Ex when Ted Cruz’s wife decided to allow the banks to take the money on the last crash to be bailed out instead of bailing out the American people!

I think most will eventually put there money in the banking system backed by Gold! Ex. As Texas is doing and getting 5heir money back.

Crypto will be easy way to pay for fees and things on the internet, like Paypal does! But the bigger ticket items will be the safer currency!

Just saying!

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