America’s ass is virtually owned by Asia, particularly China. The party’s over folks. In political circles the amount the US owes China is known as the ‘nuclear option’. The US used the foreign debt it was owed against the United Kingdom in the Suez Canal standoff against Egypt in the 1950s. This was the collapse of the British Empire. More than 60 years on, China holds all the aces and we will eventually, witness the colapse of the American empire. Unlike the Chinese, we have grown fat, lazy and complacent.

I guess that’s one way of looking at it. Not a very intelligent way, but a way nonetheless.

Amazingly, you seem to have missed all the main points of the article, one of which was to point out that a dollar collapse would be Veewy veewy baaad…..

Yes, indeed, I’m glad you realize that people would be starving on the streets if the dollar lost its reserve status. But you seem to be saying that because people would be starving, a dollar collapse is not possible. Hmmm….that’s pretty circular (and rather ignorant).

Here’s a thought joey, if you think that a dollar collapse is not possible, then how about you confront the evidence I’ve given, instead of whining about how “crazy” I am.

Can you present any evidence that contradicts the information I’ve given?

Also, it would take a lot more than an article from little-old-me to boost the gold market. It might take, say, massive fiat currency inflation by the Federal Reserve to the tune of $24 Trillion.

Oh, wait, that’s already happened.

But you’re right joey, after your highly evolved and “articulate” response, I now see that the massive heap of data which shows the dollar is headed for hyperinflation is actually all an insane fantasy I dreamed up because I was bored and wanted attention. Thank you joey, for showing me the error of my ways, thank you. Now, let us enjoy the magical cartoon land of economic recovery together.

Don’t forget the popcorn….

It sounds like you’re in a good survival position. Having you’re own property helps a lot, especially if you don’t have a mortgage payment.

As far as gold goes, it was up over $250 in the span of a couple months, so a drop was inevitable. Whenever there is market instability, a large portion of investors run to the Dollar, which brings down the price of gold. However, what we are facing is a 9.2 Trillion projected deficit and at least $24 Trillion fiat pumped into the system by the Fed. They MUST kill the dollar if they want a world economic system. As long as the Dollar exists, they cannot implement the SDR. At the very least, the Dollar WILL lose its world reserve status. When this happens, gold will skyrocket. Trust me, hang onto your gold.

Your Attitude is pretty common among day traders today who are absolutely clueless as to what is really going on. Ever ask yourself WHY the Dow is up over 50% when the P/E ratio indicates stocks are overpriced by about 30%? Ever ask yourself where all that TARP money went if banks still aren’t lending?

I’ll tell you why, because the banks threw trillions of dollars of fiat taxpayer money into the stock market, propping up the Dow. This is why the market continues to climb while the rest of the economy goes down the tubes. It won’t last forever. In fact, the Fed will be forced pretty soon to pull all that stimulus once the dollar is on the edge of collapsing, which it is. Once that happens, look for your tech stock to be about as worthless as a used sheet of toilet paper.

Come see me one year from now, and we’ll see if you are still laughing. I suspect you will probably be homeless….