That's what bullshit peddlers always say. They're like all those religious nuts that swear the Christ is gonna return and Armageddon is gonna happen any day now. Subscribe to my newsletter to learn how to prepare for the rapture 'n stuff. The big Shemitah crash was supposedly going to happen in September of last year but obviously that turned out to be a whole lot of nothing. Rather than admitting he was full of shit, our favorite internet huckster just pointed to some bad news stories and said "there! See? Something bad happened somewhere... because Shemitah!" ...and now he's still at it because there's never any shortage of suckers out there that want to feel special and righteous just by subscribing to an ideology and not actually having to do anything good.
Is the dollar gonna last forever? Of course not. Nothing does. It's just a tool. Old tools are abandoned and new ones are adopted all the time. Today, we have an infinite sea of alternatives at our fingertips and human trade doesn't depend on any single one of them exclusively. If the dollar is shit (of course it is) then its withering away is a good thing that ought to be cheered rather than feared. Fear of "the collapse" is really just a fear of your neighbors because you don't trust them to behave themselves in a crisis. Anyone living in such a place would do well to do some traveling and find a new place to live where rumors of instability don't make you worry and fret and rant about end times like a freakin' lunatic.
when are we having the apocalypse again...and why haven't we revolted?
Piedpiper, What do you do when you lend someone money and they don't pay you back? What do banks do? They foreclose or ruin the persons rating. The US is the greatest debtor nation dollar in the world. We (the US) owe trillions of dollars. The lenders (people and countries) are getting wise and are deciding to cut their losses. That will mean that the US will not be able to borrow money. So what is a superpower nation to do? Print more money of course. How did printing more money work out for Venezuela? The Weimar Republic? Not so well. That is the fate that will soon engulf the US, unless something unprecedented happens. A "false flag" perhaps?
What I do is very different than what the world's most powerful organized crime syndicate does. It's not just apples and oranges, it's apples and battleships. When my buddy refuses to lend me money, I can't threaten his entire country with annihilation.
So many people miss this point. It's not gold which backs the world reserve currency. It's violence and air craft carriers.
An individual can do bankrupt, and the bankruptcy laws allow the person to start anew. Some, most, or all of the debt is "washed away".
You said it all. Amen!
May be a good reason why so many of the American wealthy are high-tailing it to other countries. Places like New Zealand.
Yeah, I moved to Chile.