I think our currency will experience a melt down within 10 years, what do you think?

Question

I asked this question 1 year ago all respondants scoffed at me, But, now our currency's problems have just lately shown up on the government"s radar screen. What do you think?

Answer 1

the dollar has already gone down a lot against the euro over the past few years - it used to be 85cents per euro - now it's what 1.55? - that's a 75-80% decrease in value in less than 8 yrs - that's already a collapse if you deal in european goods - I don't, so it doesn;t bother me at all

Answer 2

We have been arrogant and taking on huge amounts of debt and having inflation and saying "Too bad" to the rest of the world and getting away with it because no other economy could support a currency base that was so big and liquid.  Now, the Euro is taking a similar role and is preferred by the rest of the world because the Europeans have the discipline to avoid massive deficits.  We're OK, but our kids are screwed.

Answer 3

I think that you're right.  I also believe that all of the rising prices in gas, groceries, etc is not because of limited supply of oil or oil companies gouging us.  I believe it's because the value of the dollar has dropped so much that it takes more dollars to purchase anything such as barrels of oil, groceries, etc.  As long as the Feds continue to drop interest rates and flood our economy with more money, the value will continue to decline....Unfortunately.

Answer 4

Absolutely, I think the market is totally going down. Matter of fact, my boyfriend and I (as crazy as it sounds) are stocking up on weapons and thinking about moving to the mountains because of it. It's very real and it could be the second civil war, yanno? Sorry to be a crazed advocate haha.

Answer 5

Well it is not our currency as the fiat paper debt instruments, as bills of exchange are actually owned by the shareholders of the Federal Reserve and can be recalled at any time.

The party of easy money is getting close to being over, as business as usual with America no longer being a creditor nation, but with the formation of the North American Trade Union bringing Mexico, US, and Canada together with a coming new currency soon their is little to fear except loss of more of your rights with the issuance of the national ID card or possible coming implanted microchip. See: www.spp.gov