patrick.net

Hey, were you on vacation? Glad you are back before the dollar collapses.
I see your favorite web site hasn't collapsed.....yet.

Should we plant yams now?

waiting_for_the_fall says

Should we plant yams now?

Too late.

I was on vacation this summer...is the US of A still in the business of buying busted real estate? I thought we were ending that because our economy is all legit and shit.

With all these chinese people buying real-estate here... this ought to give us a few more months...

this guy is right on the money. The general public is being placated with FUD. smart money is buying up all the homes.

So this goes right along with my main thesis. You've got people like Logan out there saying that the buyer profile isn't good enough. Which is fine but the thing is, the banks including the FED will "make" buyer profiles good enough because that's what has to happen.

Wall Street has to have the worst buyer profile. The banks were insolvent, bankrupt, and may still be so. And they committed fraud.

I say about a year before the election, so sometime next year we'll see some kind of market failure or a reason to go to war etc. Believe me I've been fed this shit since I was born.

The dollar isn't going to collapse. Too much of the world depends on American military support to allow the nation to suffer hyperinflation to the point where the dollar collapses, at least for the moment. We pretty much pick up the slack so that Europe, Japan, a good portion of South America, etc, can keep a show army and navy to look sufficiently able to defend themselves, but if threatened, the US would take the lead and do 90% of the fighting. This is not to say we won't have another 2008 like panic, we most certainly will, but nothing that will completely undo the dollar any worse than the other big currencies.

The world is on the edge of a deflationary collapse which will actually strengthen the dollar, not weaken it.

http://www.globaldeflationnews.com/inflation-vs-deflation-part-1which-one-is-controlling-the-fate-of-america-and-will-it-cause-the-next-great-depression/

futuresmc says

The dollar isn't going to collapse. Too much of the world depends on American military support

Yep exactly. We discovered ca. 1945 that deficit spending on military was a GREAT way to stimulate the domestic economy. Once that world war ended, however, we had to 1) create conflicts every 10 years and 2) arm the world with our military. Well over 90% of our "aid" comes back to us: we send aid to country "X", country "X" buys some military machine made in some Congressman's hometown. As long as we can deficit spend to start conflicts and "help" countries in need, our economy will plunge on. You know, many Repubs in DC are begging for more military spending because Obama is soft on it. How dare he deficit spend on domestic matters. Better to deficit spend for domestic gain by sending American-made mighty military machines overseas. ...that won't come back to bite us...

it doesn't have to be only the dollar that collapses.