rdb Posted February 11, 2011 Report Share Posted February 11, 2011 i posted this yesterday ..... http://www.imf.org/e...edia/index.aspx Link to comment Share on other sites More sharing options...
breeze101 Posted February 11, 2011 Report Share Posted February 11, 2011 i posted this yesterday ..... http://www.imf.org/e...edia/index.aspx told me "page not found" Link to comment Share on other sites More sharing options...
ThePhantomRider Posted February 11, 2011 Report Share Posted February 11, 2011 OK folks, back away from the cliff. This to me, is nothing more than a warning. When the RV happens, we need to get our stuff fixed and running right moving forward or WE WILL be forced into a world currency. Period. You don't take one of the world's biggest powers (albeit, one that has been beaten down from within) and suddenly wipe it out. That will not stand, HOWEVER, the current path we have been following has pushed us to being the ones in danger. RV, clean up our spending, switch to a asset/commodity backed currency like we USED to have and mandate that if you don't have the money to back up a loan, you then can't make a loan, period end of story. TPR 1 Link to comment Share on other sites More sharing options...
salespro Posted February 11, 2011 Report Share Posted February 11, 2011 Thanks for post...would have liked to have seen all of it though... Not bashing Link to comment Share on other sites More sharing options...
aliveandcare Posted February 11, 2011 Report Share Posted February 11, 2011 OK folks, back away from the cliff. This to me, is nothing more than a warning. When the RV happens, we need to get our stuff fixed and running right moving forward or WE WILL be forced into a world currency. Period. You don't take one of the world's biggest powers (albeit, one that has been beaten down from within) and suddenly wipe it out. That will not stand, HOWEVER, the current path we have been following has pushed us to being the ones in danger. RV, clean up our spending, switch to a asset/commodity backed currency like we USED to have and mandate that if you don't have the money to back up a loan, you then can't make a loan, period end of story. TPR You would think that the ones making the loans would know this? Sadly, they dont. Link to comment Share on other sites More sharing options...
hammy Posted February 11, 2011 Report Share Posted February 11, 2011 (edited) Not if we have Dinar! Not as Screwed as we could be. Edited February 11, 2011 by hammy Link to comment Share on other sites More sharing options...
ThePhantomRider Posted February 11, 2011 Report Share Posted February 11, 2011 You would think that the ones making the loans would know this? Sadly, they dont. Exactly right, used to be a bank could only loan money based on their physical reserves, now they just take your credit, the value of the asset, go to the Fed and have them cut the check. TPR Link to comment Share on other sites More sharing options...
Sdr Posted February 11, 2011 Report Share Posted February 11, 2011 Seriously, folks, what does this mean? At the current rate the dollar is falling, what month does that put us in when it crashes completely? If it falls before the RV, I think you can say we are really screwed because dinar won't bring us up in dollars for what we will need to survive. So do you think the IMF will bring in the SDR's before the dollar tanks? or after? How do you think this will all play out? Don't mean to be overly paranoid, but this article makes me think we need to store up some food. Anyone else getting this vibe? Many people expressed the natural desire to live on a nice Carribbean Island.......just choose one that isn't pegged to the dollar and cash in there......perhaps even that won' matter The FEDERAL reserve has already stated that UNLESS the US debt ceiling is dramatically lowered and we increase our GDP that it is only a matter of time before we begin to default on our Debt obligations. The Petro Dollar or US dollar is the international standard today thus keeping us afloat! If it is dropped as the monetary preference or global standard we as Americans ARE SCREWED. Yes, and at this rate it will be a VERY short wait...... 1 Link to comment Share on other sites More sharing options...
mentalmagic Posted February 11, 2011 Report Share Posted February 11, 2011 Wow.....this is not good.....we are screwed!!! The dollar will drop more and then thats how we will make a profit off the dinar....thats just great...... DO NOT WORRY. THE US DOLLAR IS KING. IT WILL NOT DEVALUE ANY TIME SOON. YOU SHOULD BE WORRIED IF YOU HOLD GOLD WHICH IS AT BUBBLE LEVELS. 1 Link to comment Share on other sites More sharing options...
Sdr Posted February 11, 2011 Report Share Posted February 11, 2011 DO NOT WORRY. THE US DOLLAR IS KING. IT WILL NOT DEVALUE ANY TIME SOON. YOU SHOULD BE WORRIED IF YOU HOLD GOLD WHICH IS AT BUBBLE LEVELS. Apart from the lack of logic, this is one of the best jokes ever posted...... 2 Link to comment Share on other sites More sharing options...
Helicopter Barry Posted February 11, 2011 Report Share Posted February 11, 2011 Helicopter Barry...Is it REALLY necessary to quote the ENTIRE frickin article and THEN not to post ANYTHING else? I always give people a negative for that. It's just plain stupid. Umm I think you may owe me an apology, I DID NOT post this and have not even read it................................. 1 Link to comment Share on other sites More sharing options...
Gut Feelings Posted February 11, 2011 Report Share Posted February 11, 2011 Seriously, folks, what does this mean? At the current rate the dollar is falling, what month does that put us in when it crashes completely? If it falls before the RV, I think you can say we are really screwed because dinar won't bring us up in dollars for what we will need to survive. So do you think the IMF will bring in the SDR's before the dollar tanks? or after? How do you think this will all play out? Don't mean to be overly paranoid, but this article makes me think we need to store up some food. Anyone else getting this vibe? Well if the dollar devalues, and the dinar revalues, then maybe my dream that I had a few months ago will come true! I dreamed the RV was 6.5 : 1 USD Link to comment Share on other sites More sharing options...
keepmwlknfny Posted February 11, 2011 Report Share Posted February 11, 2011 DO NOT WORRY. THE US DOLLAR IS KING. IT WILL NOT DEVALUE ANY TIME SOON. YOU SHOULD BE WORRIED IF YOU HOLD GOLD WHICH IS AT BUBBLE LEVELS. Have you been hiding in a cave the past year?? It has been devaluing already......they want to take away the US dollar as the international reserve currency and take it away as being used for the purchasing of oil.....no bueno.....China and Russia are clearing their vaults.....they dont want it either....its too weak right now.....gold does not change.....it cant be inflated and it cant be deflated.....it always holds it value.....who is feeding you this garbage? 2 Link to comment Share on other sites More sharing options...
ThePhantomRider Posted February 11, 2011 Report Share Posted February 11, 2011 Have you been hiding in a cave the past year?? It has been devaluing already......they want to take away the US dollar as the international reserve currency and take it away as being used for the purchasing of oil.....no bueno.....China and Russia are clearing their vaults.....they dont want it either....its too weak right now.....gold does not change.....it cant be inflated and it cant be deflated.....it always holds it value.....who is feeding you this garbage? Which is why our currency needs to be tide to a composite of tangible commodities if it is to survive long term. This is our warning, ship up or you're out. If our country has any balls left we as a whole will do something positive post RV, the government, the people, everyone. Otherwise we'll be just another country. TPR Link to comment Share on other sites More sharing options...
Shinnidan Posted February 12, 2011 Report Share Posted February 12, 2011 hmm...if our "Dollar" is going in the toilet...maybe we should hold on to our Dinar instead of cashing in? I have been doing currency trading for almost 20 years now...and me got money in all different currency...well mainly Japanese Yen....if the exchange rate for this appreciates more in favor of the yen...my 500K Yen holding would be...hey possibly may = to $500K Hong Kong Dollars Chinese British Pounds Euro Canadian Dollars...(Made a killing on this in the over the last year) and yes, Iraqi Dinar so, basically, i'm pretty diversified in terms of World currency. so i the USD can go down farther...makes it easier for me to buy & sell other currencies. well, selling is good at the moment. oh well.... Link to comment Share on other sites More sharing options...
freaky frank Posted February 12, 2011 Report Share Posted February 12, 2011 just think, the dollar could also be worth toilet paper if the knuckleheads in Washington don't manage OUR budget better. Over the Debt Ceiling=default of the US government. I don't personally see that happening but it could if China decides to stick it where the Sun don't shine Great post! Thanks! Link to comment Share on other sites More sharing options...
BANE Posted February 12, 2011 Report Share Posted February 12, 2011 Umm I think you may owe me an apology, I DID NOT post this and have not even read it................................. Oh it WAS posted by you. The Mods must have erased it. 2 1 Link to comment Share on other sites More sharing options...
sneakey Posted February 12, 2011 Report Share Posted February 12, 2011 Wow.....this is not good.....we are screwed!!! The dollar will drop more and then thats how we will make a profit off the dinar....thats just great...... I just hope it doesn't get to the point where 1 Dinar buys $1100 and still no RV. Link to comment Share on other sites More sharing options...
Helicopter Barry Posted February 13, 2011 Report Share Posted February 13, 2011 Oh it WAS posted by you. The Mods must have erased it. Bane, Go to my post section and READ WITH YOUR EYES my posts, I did NOT and have NOT read/posted that article. This is the last I will address of this as you are trying to piss me off for some unknown reason. Link to comment Share on other sites More sharing options...
onerighthand Posted February 13, 2011 Report Share Posted February 13, 2011 Go RV 1 Link to comment Share on other sites More sharing options...
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