How do you see the dollar failure happening? $31T in debt..

Posted by jack1776 1 year, 9 months ago to Ask the Gulch
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I know everyone has seen this but we are at 31 trillion dollars in debt. or 244 thousand dollars for every producer. Are debt to GDP ratio is now 124% where in 2000 its was 57%. I see mass repossessions when people can’t repay mortgages, this leads to BlackRock types buying your property and renting it back to you. The dollar losing reserve currency status and the introduction of a worldwide digital currency leading to control and totalitarianism. All of this has been stated in not to precise of a way before, the question is how do we survive and profit during this time?

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  • Posted by freedomforall 1 year, 9 months ago
    If (when) the petro-dollar agreement ends, the USD will lose much of its support.
    However, the rest of the currencies of the "west" are no better, and it appears
    that China's economy (and currency as a result) is having significant issues, too.
    Russia appears to have the strongest position at present with raw materials (energy.)
    China still has low cost production that can support the currency, but if demand
    in the west collapses, that will not be useful.

    The Deep State (banksters et al) has driven the world's economy into the sewer
    on purpose and expects to remain in control of billions of starving and sick slaves.

    Only the heavily armed American people have any chance to survive (and to save
    the rest of the world's people), but it will be a dark time unless there is well planned
    and executed action very soon. If that happens and is successful, real free trade
    alliances with Russia, Canada, Brazil, and Australia could put the world on track
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    • Posted by 1 year, 9 months ago
      Agreed... We need to organize but the FBI is going down on opposition, review the recent news articles. We are monitored and AI is finding patterns in our behavior to identify us for the FBI. AI is some truly scary shit... Its pattern recognition on a scale that we can't comprehend.
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  • Posted by Dobrien 1 year, 9 months ago
    Good post ! Commander a gulch member has many comments about how to survive this calamity. I would not be concerned about the intentional price suppression of Precious metals.
    They will fail and PM’s will skyrocket.
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  • Posted by $ Markus_Katabri 1 year, 8 months ago
    Here’s the deal.....they have to raise interest rates to stop inflation. But they can’t raise them because they can barely service the debt as it stands.
    Their solution is to act like they are combatting inflation while encouraging it. Because it’s the only way they can pay that debt down. Or more likely....keep kicking the can down the road.
    They would have to tax EVERY ONE at 100% for 3 years to pay down the principal. It can’t be done. We are bankrupt as a nation. The sooner people wrap their noodles around that mathematical fact the better.
    I’m telling you all right now that we are entering a period of prolonged inflation. We will quite literally ALL be millionaires before this is over. Adjust your portfolios accordingly.
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    • Posted by $ Markus_Katabri 1 year, 8 months ago
      I would add that every other country is just as screwed economically. So The Fed hiking interest rates where they should be would cause a cascading sovereign debt crisis for a lot of nations.
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  • Posted by $ allosaur 1 year, 9 months ago
    Me dino will never forget that time I looked at my TV and heard a then kinda new Vice-President Biden tell someone, "Yes, we can spend our way out of debt."
    Dinos can really always remember when someone "Let's pass this bill to see what is in it" big time blows my mind.
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  • Posted by 1 year, 9 months ago
    I think anything financed will become a liability and should be avoided. Land seems like a worthwhile investment given the Mr. Bill types buying up land. Right now, land is out of sight. A small 10-acre parcel just sold for $290,000 near me. These prices have to come down but wondering if the plan is to keep them high to keep others out? I have purchased precious metals but has prices fall, wondering what will happen during a dollar collapse.
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  • Posted by $ 25n56il4 1 year, 8 months ago
    The idea of a Biden Dollar sickens me. He has done nothing but destroy everything Trump tried to put in place. The spite of his handlers amazes me. They hate him more than they love America. That is ridiculous. Cut off your nose to spite your face stupid.
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  • Posted by $ Abaco 1 year, 9 months ago
    I've always thought that what we'll see is what we've been seeing...A gradual decline in the quality of life for Americans. That has been pretty consistent. The debt is largely accelerated by our unwillingness to manufacture things in America. If you could plot on a chart our quality of life you'd clearly notice the correlation with manufacturing. We were really bolstered by the post-war (WW2) industrial capabilities (that we happened to blow up in the nations of our enemies). We saw the greatest modern civilization in human history in the 50s through the 80s. Then, we screwed it all up with regulations, taxes, welfare, The War on Poverty, and uncontrolled borders. It was a good run. No way out now, IMO. People are too stupid to get back to the good times... I recently read "Enjoy the Decline" and found it to be very accurate and thought-provoking.

    Now, with the Fed chairman's statements just yesterday, a tremendous stagflationary condition. America has painted itself into a corner..."In order to save this village we must destroy this village..."
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