Home Forums Hunting & Shooting Hunter's Campfire Supposedly the dollar is going to fail

With Trump as president the rest of the world at least had some confidence we would pay back our debt, Biden not so much. We know Soros and China want to see the dollar fail, as that is the best way to kill an economy. The Federal reserve has been buying up our bonds to prop up the dollar and doing so with printed money only backed up by the belief that we will be good for our debt. If interest rates rise 2% the interest on our debt will soon be impossible for us to pay.

If the dollar fails, so will every other currency in the world. PS--People have been saying this for forever.

It isn't "supposed". It is inevitable. There is no way around it now, and the monetary policies of every entity who can make them have all been directed toward that end. It has nothing to do with paying off any debt. It's all a con game based on Monopoly money. When all is said and done, it's all about slavery, but by another name.

Uh,,, no!

In 6 months or less we will be up to 30 trillion in the hole. Hole only get deeper faster from that point.

Well if Biden shuts down the economy we will without doubt not be able to keep up our interest payments. Bet 2021 will be a weak year for tax collection also. Some big states didn't produce anything in 2020.

When the oil markets shift away from USD rate per barrel to the Euro or what the fugg the bucketheads call their money.

It will be a sign of the end for good...

Then both Soros and China win.

Unless something dramatic happens, within a year, the Demon's policies & actions will cause the dollar to lose value, interest rates will rise, inflation will rise, gas will hit $4+/gal, we will go from exporting oil to importing oil & the market will be be dropping, maybe by 25% or so.

Book it.

By then, if it already hasn't, the schitt will be hitting the fan.

Gold looks good to me.

MM

This^^^ when the petro dollar ends and it will soon the dollar will be kinda like monopoly money

The M1 will continue to expand until there is signs of inflation.

It's comforting to see you can speak for the "rest of the world".

But I'm curious as to how you come to this conclusion?
Was it your confidence in Trump that brought you to such a conclusion and you assume the "rest of the world" shares the same confidence as you?

Year National debt (in billion U.S. dollars)
'20 26,945.39
'19 22,719.4
'18 21,516.06
'17 20,244.9
'16 19,573.45
'15 18,150.62
'14 17,824.07
'13 16,738.18
'12 16,066.24
'11 14,790.34
'10 13,561.62
'09 11,909.83
'08 10,024.72

Pay it back or at least maintain interest payments. Are you blaming Trump for the heavy handed way Pelosi runs the house and the RINO's in the Senate? And you don't think the CCP virus had an impact on revenue? I hate to break it to you but a president is not responsible for what congress demands. Remember when Trump shut down the govt for less than a month over a spending bill? And how both sides howled over it? Looking at it over that year spread it looks like our debt expanded a bit more than a trillion a year. Just wait till they find out how screwed they/we are over collected taxes in April.

This.

and a certain amount of inflation is targeted.

Presently the USA is still the tallest financial midget in the world. The whole world is awash in debt.

I'm not blaming anyone for anything, I just asked a question.




Much like every president we've ever had.

You have nothing to "break" to me, I'm quite aware of political workings.

I'll be very surprised if we don't see $4.00 a gallon gas this summer.

China doesn’t want to see the dollar fail, they hold massive amounts of our debt and don’t want it devalued.

Part of the plan.

I think that's Trillions not billions. We round up billions these days.

It's both. Look at the figures again. That a comma, not a decimal. 26,945 billion equals 26.945 trillion.