Collapse of the Dollar??

[2ndAmendment]

I listen to Dave Ramsey alot on getting your stuff payed off and not haveing any dept when the collapse comes. Dont know if it will but I wounder how bad everything is going to get from here or if it will be just fine.

[mx'r]

If everthing goes to shit, why pay off anything? I might spend my money on guns and ammo.... That should pay off better in the long run. But only if things REALLY go to shit. IMHO

[van7559]

I honestly feel like things cannot get any worse than they have been. I work in an aspect of contruction, and I am starting to see the upward trend. Slow as hell, but I definatly see light at the end of the tunnel, even though it is small, I see it. hopefully 2012 will change things in at a faster pace

[Mtn.man]

Take it from some one who had Jimmy carter for prez. Payoff stuff or pay cash for stuff.
We have a credit card only for emergency or other.
we own everything outright. Guns and ammo are far better investment than most other "collectables", I also have precious metals good for an apocalyptic scenerio.

Government can change the economy with just a word, always been that way.

[Byte Stryke]

Umm, Yeah.
If the SHTF and our Dollar collapses and subsequently causes the government to collapse, I really don't see Sallie-Mae calling me for my monthly payment.

[2ndAmendment]

Not trying to turn this into a end of the world question lol but its good to see all the angles from people who are in different areas of the economy. Know what I mean

[rockhound]

define collapse,

if the shit really goes completely south then my guns and ammo will be more of an investment that anything. you can trade them for goods and services and protect yourself against the hoard.

i don't know how bad things are in other areas, but home sales and home prices are way up in the bailey area this year and my vacation rentals are also seeing a tremendous upswing this year.

[Mtn.man]

You are talking about Bailey CO?

[BushMasterBoy]

When you print trillions of dollars and produce nothing to back up the dollar, you are cooking the books. Oil imports from overseas will go up in price, because there are more dollars available. So will imports from other countries such as cars and Russian ammo will increase in price. If we print so many dollars and produce nothing to export, we devalue our currency. Saving our dollars in the banks which pay almost no interest to depositors, while inflation eats away at the dollars saved, is a sure fire way to this nations economic collapse.
I have had credit cards cancelled because I refused to pay double the interest rate. I have saved my money by buying precious metal bullion, large bags of rice, firearms,etc. To be an economic success in the United States you have to wage a financial war against the system. Money is the ammunition for this war. Imagine that, a war fought with money!
While people houses were being foreclosed upon in droves and the banks imminent failures, the .gov bailed out the banks and left the homeowners to fend for themselves. The purpose of the government is to protect the people, not the corporations. I hope this rant is not considered seditious and protected under the First Amendment. But don't worry, if we are attacked over money, we have more soldiers to protect us, because homosexuality is now allowed!

See how good the "Change" is for us now...

[mx'r]

You are talking about Bailey CO?

Conifer is still in the shits. In my hood I've watched several 750k+ plus homes sell in the low 400k range. I think I'm losing money daily.. Need more guns and ammo.

[Mtn.man]

Yeah that's what I see here as well. Some houses been on the market for ever, and there are 7 or 8 forclosers just in the hood here.

Not like it was 4 or 5 years ago.

[ChunkyMonkey]

I listen to Dave Ramsey alot on getting your stuff payed off and not haveing any dept when the collapse comes. Dont know if it will but I wounder how bad everything is going to get from here or if it will be just fine.

It would be the other way around. If Dollar collapses, your collateral will worth so much more to dollars - in short, dont pay it off and let the inflation offset the value.

[BushMasterBoy]

Zillow.com sent me an email this month saying my house lost $6,000 in value in the past 30 days. This is the largest drop so far since I bought it brand new in 2006. My house now appraises less than what I paid for it, and I paid cash.

Bastard banks and Govermin![Rant1]

[Byte Stryke]

It would be the other way around. If Dollar collapses, your collateral will worth so much more to dollars - in short, dont pay it off and let the inflation offset the value.


I Agree...
if we hit a section of road anything like post WWII Germany in which it took 35,000 marks to buy a loaf of bread, my Student loans will be a joke.

[twitchyfinger]

Conifer is still in the shits. In my hood I've watched several 750k+ plus homes sell in the low 400k range. I think I'm losing money daily.. Need more guns and ammo.



Yeah that's what I see here as well. Some houses been on the market for ever, and there are 7 or 8 forclosers just in the hood here.

Not like it was 4 or 5 years ago.

I agree with both of you guys and have no clue what rockhound is talking about unless is is talking about a completely different Bailey.

[Mtn.man]

New to area maybe? We been here 20+ years now.

[earplug]

Take a study of history and currencies that were not backed by anything of worth.
The dollar and Euro are both failing. If you can buy gold and silver your good to go.
Stock up on food. Trading firearms is way overrated. How many service size pistols and rifles do you think I need? Trading them off for stuff you need will not be easy.
Gold tends to be worth more during times of war and when travel is restricted due to its being more portable then silver. Silver is easier to trade locally for needed items to live on.
Property will continue to suck until decent jobs return.
The prospects of someone actually setting up a value producing manufacturing or mining business under current regulations and taxes is slim.

[mx'r]

I wont need to trade guns for food. I'll use them to aquire food. One way or another [Coffee].

[Irving]

The dollar would be much more collapse resistance if it was made out of wood, or something else more rigid than cloth. I'm just saying.

[Byte Stryke]

I wont need to trade guns for food. I'll use them to aquire food. One way or another [Coffee].

+1

Ive never understood the thought behind trading (Supply) for (Weapon) in a SHTF Scenario.

Me: Trade you 10 cases of MREs for that .45 ACP
Other: Make it 12 Cases
Me: OK
*Trade*

Other starts off with the MREs

*BANG!*

Me: now I have the MRES and the .45 ACP minus 1 bullet.

:D

[theGinsue]

if the shit really goes completely south then my guns and ammo will be more of an investment that anything. you can trade them for goods and services and protect yourself against the hoard.


I agree with Byte, just late in getting into this thread to post my response. In a SHTF scenario, the person without a gun is the least of your worries. The person with a gun (even if they just got it from you in fair trade) is your most immediate threat to your survival. To arm someone else is an unacceptable risk unless they are someone I already trust with my life.


Oil imports from overseas will go up in price, because there are more dollars available.

This is already starting. Crude went up over $80 earlier this week. with an expectation of it going through the roof. Too bad the U.S. doesn't have direct access to major petroleum resources in places like, say, North/South Dakota or a desolate section of Alaska's ANWR. If such resources existed, and our government would get out of it's own way, we could end our dependance on OPEC.


I Agree...
if we hit a section of road anything like post WWII Germany in which it took 35,000 marks to buy a loaf of bread, my Student loans will be a joke.

So, just be prepared to bake a dozen loaves of bread if/when SHTF and take 'em to your bank to pay off the loans.

[ShooterJM]

So, just be prepared to bake a dozen loaves of bread if/when SHTF and take 'em to your bank to pay off the loans.


A while back there was a photo essay type thing done on the inflation in Zimbabwe. Followed the entire process from the initial introduction of the zimbabwe dollar at an exchange rate of about $1.50 per US dollar. Then followed the increase in inflation until 2008 when it showed the price of a single bottle of beer. $100 Billion zimbabwe dollars. A note after that picture stated that an hour after the photo was taken the price had increased to $150 billion.

Moral: Brew beer.

[2ndChildhood]

Bread, beer, what you make doesn't matter so much as being able to produce something, anything.
As long as it is useful or needful to those around you, you can barter it for the things you will need when the normal means of production/distribution go belly up.

it does help to know your neighbors and have enough of a relationship with them that there is some level of trust you can work with.

Cottage industry ftw.