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.