What if this happens?

[usarmy]

My gut feeling is that the RV is not going to happen until sometime in 2014.  I just hope that it RV's before the dollar crashes.  What if this happens?  What if the RV happens then the dollar crashes?  Where would that leave our investment?  What would happen if the dollar crashes and the IQD becomes the New World Currency Reserve?

[Nadita]

Good question..  I think if it rv's before the dollar crashes.. we should pay all our debts so we are debt free and buy some supplies.. and by the way, buying some gold and silver after rv will not be a bad idea and hopefully to ****** some lower denoms.  If IQD becomes the world currency, more power to them.. I just wish I have tons more

[The Machine]

you posted the exact same thing yesterday and got 4 replies ..... why re-post the same thing in a new thread ???

 

here's you post from yesterday   http://dinarvets.com/forums/index.php?/topic/162536-what-would-happen-if/#entry1270486

[Nadita]

you posted the exact same thing yesterday and got 4 replies ..... why re-post the same thing in a new thread ???

 

here's you post from yesterday   http://dinarvets.com/forums/index.php?/topic/162536-what-would-happen-if/#entry1270486

Da Machino,

 

I missed that one yesterday.. I guess he wants to know what we think..

[millionaire in training]

Da Machino,

 

 

Good one Nadita,  I like that one  "Da Machino"  

 

 

 

Usarmy,

 

The fact that you are in VIP will help with that decision if we should have to cross that bridge.  Im sure Adam is on top of that possibility. 

[rammstien]

If it rv,s before the dollar crashes then I plan to turn most of that money in to tangible items like silver, gold, bitcoin and land I,ll keep a minimum amount in dollars ( less then 100,000) and put the rest in an off shore interest bearing account denominated in Chinese Yuan and the Singapore Dollar.Thats my plan anyways....

Peace

[dontlop]

How does the dollar crash ?

Think about it

It's simply diluted

Quantive easing over the past 5 years as adjusted our losses from the housing crises and bank melt down to the tune of over 3 trillion new dollars printed up

How does it crash ?

It slowly goes down the toilet by government over in hope that the spending spurs economic growth

Govt spending policies can make or break our country

Building roads bridges adding more energy to our economy to bring down costs help the economy

Giving money away does not that's just redistribution of wealth

Making a person pay another persons way thru life destroys the economy

Take Obama care

That will destroy our economy

Some people don't care they just want to live to eat another pound of bacon

When those who take outnumber those who earn their way

And the takers take and take and take and say oh you won't even give me health care

Then your economy will fail the workers can't keep up with the takers

Like I said some people don't care

But the economy will erode away over time

Then who will the takers get their health care from

We aren't far off from bankruptcy

But I don't see a crash come so fast you lose everything all at one time

When you see it flushing down the toilet you buy things to live with

Clothes shoes wood burning stoves

Seeds gardening tools just buy some stuff to survive till they get things squared away again

They will just decree a new currency and decree a value to it and start over

You can't eat you die

You don't want to freeze to death

You need water or a well drilled hand pump just incase you will want a resevour to collect rain water

A black hose for solar water heater

Think

That's what happens people will be forced to think

[Xet]

My gut feeling is that the RV is not going to happen until sometime in 2014.  I just hope that it RV's before the dollar crashes.  What if this happens?  What if the RV happens then the dollar crashes?  Where would that leave our investment?  What would happen if the dollar crashes and the IQD becomes the New World Currency Reserve?

umm if it RV's before the USD crashes and you have already exchanged for USD then you're pretty much screwed. Hyperinflation will make you millions of USD enough to buy a 6pack of coke.

 

If the USD crash all of a sudden and the IQD remains stable somehow then its kinda like an RV. You gain USD value in your IQD. Not sure if its possible with out the IQD becoming a free market currency and not one pegged to the USD though..

 

Basically if the USD were to crash the only way you don't get screwed is if you have money is something other than USD either another currency not based on USD or something like Gold and silver.

[Boozer]

If and that's a BIG if it happens at 1 to 1 Ill be a VERY rich Man. at 50 cents Ill be rich, at 25 cent Ill be rich. and if it does not Ill be a BROKE Man.

[R2D2]

How does the dollar crash ?

Think about it

It's simply diluted

Quantive easing over the past 5 years as adjusted our losses from the housing crises and bank melt down to the tune of over 3 trillion new dollars printed up

How does it crash ?

It slowly goes down the toilet by government over in hope that the spending spurs economic growth

Govt spending policies can make or break our country

Building roads bridges adding more energy to our economy to bring down costs help the economy

Giving money away does not that's just redistribution of wealth

Making a person pay another persons way thru life destroys the economy

Take Obama care

That will destroy our economy

Some people don't care they just want to live to eat another pound of bacon

When those who take outnumber those who earn their way

And the takers take and take and take and say oh you won't even give me health care

Then your economy will fail the workers can't keep up with the takers

Like I said some people don't care

But the economy will erode away over time

Then who will the takers get their health care from

We aren't far off from bankruptcy

But I don't see a crash come so fast you lose everything all at one time

When you see it flushing down the toilet you buy things to live with

Clothes shoes wood burning stoves

Seeds gardening tools just buy some stuff to survive till they get things squared away again

They will just decree a new currency and decree a value to it and start over

You can't eat you die

You don't want to freeze to death

You need water or a well drilled hand pump just incase you will want a resevour to collect rain water

A black hose for solar water heater

Think

That's what happens people will be forced to think

 

Don lop if you couple the deindustization of our economy you can be sure that the collapse will happen. The only unknown is when! I am sure that one of those Bernanke type fellows has that figured out too!

 

                                                             

[waterman13]

How does the dollar crash ?

Think about it

It's simply diluted

Quantive easing over the past 5 years as adjusted our losses from the housing crises and bank melt down to the tune of over 3 trillion new dollars printed up

How does it crash ?

It slowly goes down the toilet by government over in hope that the spending spurs economic growth

Govt spending policies can make or break our country

Building roads bridges adding more energy to our economy to bring down costs help the economy

Giving money away does not that's just redistribution of wealth

Making a person pay another persons way thru life destroys the economy

Take Obama care

That will destroy our economy

Some people don't care they just want to live to eat another pound of bacon

When those who take outnumber those who earn their way

And the takers take and take and take and say oh you won't even give me health care

Then your economy will fail the workers can't keep up with the takers

Like I said some people don't care

But the economy will erode away over time

Then who will the takers get their health care from

We aren't far off from bankruptcy

But I don't see a crash come so fast you lose everything all at one time

When you see it flushing down the toilet you buy things to live with

Clothes shoes wood burning stoves

Seeds gardening tools just buy some stuff to survive till they get things squared away again

They will just decree a new currency and decree a value to it and start over

You can't eat you die

You don't want to freeze to death

You need water or a well drilled hand pump just incase you will want a resevour to collect rain water

A black hose for solar water heater

Think

That's what happens people will be forced to think

exactly.

Wm13

[skeetdog]

With the ergomonics that have been exposed in the last two elections, people are goin' to be in trouble as far as thinkin' goes. There's a majority in this nation that couldn't pour uran out of a boot with the instructions on the heel. When this nation comes to the reality that the government can't sustain the welfare state of a majority, the entitalment masses will be left to fin for themselves...does Marshall Law ring a bell????

[George Hayduke]

Dontlop is right on and choosing to live a self sufficient lifestyle is always best not to mention affirming, however, I don't see an immediate crash in the near future.  I do believe we are in a 'controlled' crash at the moment and will continue to suffer the results of a gradual dilution of the dollars value.

 

Hard assets and a self reliant mindset will buttress the inevitable.

 

I posted the following article before but I think it bears another once over.

 

 The Federal Reserve's Explicit Goal: Devalue the Dollar 33%

 

By Charles Kadlec Forbes Contributor

 

The Federal Reserve Open Market Committee (FOMC) has made it official:  After its latest two day meeting, it announced its goal to devalue the dollar by 33% over the next 20 years.  The debauch of the dollar will be even greater if the Fed exceeds its goal of a 2 percent per year increase in the price level.

 

An increase in the price level of 2% in any one year is barely noticeable.  Under a gold standard, such an increase was uncommon, but not unknown.  The difference is that when the dollar was as good as gold, the years of modest inflation would be followed, in time, by declining prices. As a consequence, over longer periods of time, the price level was unchanged.  A dollar 20 years hence was still worth a dollar.

 

But, an increase of 2% a year over a period of 20 years will lead to a 50% increase in the price level.  It will take 150 (2032) dollars to purchase the same basket of goods 100 (2012) dollars can buy today.  What will be called the “dollar” in 2032 will be worth one-third less (100/150) than what we call a dollar today

 

The Fed’s zero interest rate policy accentuates the negative consequences of this steady erosion in the dollar’s buying power by imposing a negative return on short-term bonds and bank deposits.  In effect, the Fed has announced a course of action that will steal — there is no better word for it — nearly 10 percent of the value of American’s hard earned savings over the next 4 years.

 

Why target an annual 2 percent decline in the dollar’s value instead of price stability?  Here is the Fed’s answer:

“The Federal Open Market Committee (FOMC) judges that inflation at the rate of 2 percent (as measured by the annual change in the price index for personal consumption expenditures, or PCE) is most consistent over the longer run with the Federal Reserve’s mandate for price stability and maximum employment. Over time, a higher inflation rate would reduce the public’s ability to make accurate longer-term economic and financial decisions. On the other hand, a lower inflation rate would be associated with an elevated probability of falling into deflation, which means prices and perhaps wages, on average, are falling–a phenomenon associated with very weak economic conditions. Having at least a small level of inflation makes it less likely that the economy will experience harmful deflation if economic conditions weaken. The FOMC implements monetary policy to help maintain an inflation rate of 2 percent over the medium term.”

In other words, a gradual destruction of the dollar’s value is the best the FOMC can do.

 

Here’s why:

 

First, the Fed believes that manipulation of interest rates and the value of the dollar can reduce unemployment rates.

 

The results of the past 40 years say the opposite.

 

The Fed’s finger prints in the form of monetary manipulation are all over the dozen financial crises and spikes in unemployment we have experienced since abandoning the gold standard in 1971.  The financial crisis of 2008, caused in no small part by the Fed’s efforts to stimulate the economy by keeping interest rates too low for, as it turned out, way too long is but the latest example of the Fed failing to fulfill its mandate to achieve either price stability or full employment.

The Fed’s most recent experience with Quantitative Easing also belies the entire notion that monetary manipulation can spur the economy.  Between November 2010 and June 2011, the Fed tried to spur economic growth by purchasing $600 billion in Treasury securities, flooding the banking system with reserves and keeping interest rates low.  In response the economy, which had been growing at a 3.4% annual rate, slowed to a 1% annual rate in the first half of 2011.  Once, the Fed stopped supplying all of that liquidity, economic growth in the second half of the year accelerated to a 2.3% annual rate.

 

Second, the Fed does not use real time indicators of the price level.  Instead, it views inflation through the rear view mirror of the trailing increases in the PCE.  And, even when it had evidence of rising inflation — as it did in the first quarter of last year — it chose to temporize, betting that the spike in inflation would prove temporary.

 

This spike in inflation did prove temporary, as Fed Chairman Bernanke predicted at the time, but not for the reasons — a slack economy — that he cited.  Instead, the growing debt crisis in Europe led to a massive shift in deposits out of the euro and into the dollar — an event totally out of the Fed’s control.  Yet, this increase in the demand for dollars was far more important than any action taken by the Fed because it increased the value of the dollar and produced a slowdown in the inflation rate.

 

What we are left with is a trial and error monetary system that depends on the best judgment of 19 men and women who meet every six weeks around a big table at the Federal Reserve in Washington.  At the end of a day and a half of discussions, 11 of them vote on what to do next.  The error the members of the FOMC fear most when they vote is deflation.  So, they have built in a 2% margin of error.

 

Given the crudeness of the tools the FOMC uses to set monetary policy, allowing for such a margin of error is no doubt prudent.  For example, when the economy slowed in the first half of last year, inflation picked up, accelerating to a 6.1% annual rate during the second quarter.  And, when the economic growth accelerated in the second half, inflation slowed.  These results are the precise opposite of what the Fed’s playbook says are supposed to happen.

 

The best the Fed can do — an average debauch in the dollar’s value of 2% a year while producing recurring financial crises and a more cyclical economy — is demonstrably inferior to the results produced by the classical gold standard.  Here’s just one example.   The largest gold discovery of modern times set off the 1849 California gold rush and increased the supply of gold in the world faster than the increase in the output of goods and services.  The price level in the U.S. did increase by 12.4 percent over the next 8 years.  That translates into an average of just 1.5% a year.  The gold standard at its worst was better than the best the Fed now promises to do with the paper dollar.

 

The Fed’s best is hardly good enough.  The time has arrived for the American people to demand something far better — a dollar as good as gold.

 

http://www.forbes.co...-the-dollar-33/

 

Read more: http://dinarvets.com/forums/index.php?/topic/160425-feds-goal-devalue-the-dollar-33/#ixzz2gzX8DBxt

[usarmy]

you posted the exact same thing yesterday and got 4 replies ..... why re-post the same thing in a new thread ???

 

here's you post from yesterday   http://dinarvets.com/forums/index.php?/topic/162536-what-would-happen-if/#entry1270486

That's a good question!  Answer:  I didn't know that I did!

[sandfly]

THANKS

[speculator2]

If and that's a BIG if it happens at 1 to 1 Ill be a VERY rich Man. at 50 cents Ill be rich, at 25 cent Ill be rich. and if it does not Ill be a BROKE Man.

I'm there with you Boozer.  Go RV...!!

[eastcreek]

My gut feeling is that the RV is not going to happen until sometime in 2014.  I just hope that it RV's before the dollar crashes.  What if this happens?  What if the RV happens then the dollar crashes?  Where would that leave our investment?  What would happen if the dollar crashes and the IQD becomes the New World Currency Reserve?

My thinking is that a USD crash is a possibility, so I will not exchange all my IQD for USD. I'll keep some IQD, and exchange for some additional currencies. Probably will end up with some IQD, enough USD to continue my current living level, and some Chinese yuan.

 

Will some of you on this board who are up on currencies and their relative strengths and weaknesses, weigh in with suggestions and reasoning behind those suggestions? Thanks, and go RV !

[one2one]

who in their right mind could think that a backwards country like Iraq will have a currency to ' LEAD THE WORLD ' ??? 

[vomer]

_{precious metals}

[Cosmo]

That's it, I'm going to be a survivalist and buy some war bonds with my dinars!

[usarmy]

who in their right mind could think that a backwards country like Iraq will have a currency to ' LEAD THE WORLD ' ??? 

You might be surprised!