Collapse of the Dollar??

[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!

[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 .

[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 .

+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.