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Old 07-13-2013, 08:11 AM   #1
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Which currency will crash first? USD/EUR/JPY/other?

Hi,

The US dollar is doomed, as we all know, but the eurozone seems to have deeper problems and they're already predicting the coming euro crash... the Japanese are printing yen like mad...

Could the US dollar fall first or some other currency will crash before?

What is your opinion?

Which fiat is closer to the end?
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Old 07-13-2013, 08:39 AM   #2
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the G8 fiats are too interlinked for one to fail in isolation.


Potemkin,

I think I would like to welcome you aboard but somehow your rash of rather bland comments seem almost designed to convince us that you really are a PM Bug .........
There have been a few trolls show up here and most have been quickly identified.

Please tell us something about yourself that could alter this perception
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Last edited by rblong2us; 07-13-2013 at 08:50 AM. Reason: hmmmmmm
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Old 07-13-2013, 11:42 AM   #3
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Hi Potemkin, well I'll say welcome aboard mate!

Hi Rblong2us Maybe I'm not good at identifying potential trolls, but I had a quick read of the posts, & personally, it looks fine to me.

I think it's great that you're giving your input and getting involved Potemkin. A lot of people are shy about giving their opinions and I don't think you should be.

I personally disagree with your Bitcoin comment but most here might agree with you that you're better sticking to gold and silver.

IMO keep up the enthusiasm and don't be discouraged!
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Old 07-13-2013, 01:04 PM   #4
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It will be the last to crash of close to it.
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Old 07-13-2013, 01:34 PM   #5
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I suppose since NO fiat currency has ever lasted very long its moot.
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Old 07-14-2013, 05:13 AM   #6
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Originally Posted by rblong2us View Post:
the G8 fiats are too interlinked for one to fail in isolation.

Potemkin,

I think I would like to welcome you aboard but somehow your rash of rather bland comments seem almost designed to convince us that you really are a PM Bug .........
There have been a few trolls show up here and most have been quickly identified.

Please tell us something about yourself that could alter this perception
It sounds at least a bit offensive. I'm a PM stacker and I'm learning, trying to understand how the economy/PM market actually work...

You found my comments "boring"? That's your personal opinion. I am not hoping for any sympathy, I'm just sharing my opinions, trying to communicated.

"Troll" - what's that? Is that what I am?

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Old 07-14-2013, 05:16 AM   #7
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Originally Posted by Unbeatable View Post:
Hi Potemkin, well I'll say welcome aboard mate!

Hi Rblong2us Maybe I'm not good at identifying potential trolls, but I had a quick read of the posts, & personally, it looks fine to me.

I think it's great that you're giving your input and getting involved Potemkin. A lot of people are shy about giving their opinions and I don't think you should be.

I personally disagree with your Bitcoin comment but most here might agree with you that you're better sticking to gold and silver.

IMO keep up the enthusiasm and don't be discouraged!
Thank you for believing in me. I'm doing my best to post useful comments.

But then again: everyone is entitled to their opinion, unless it's offending someone.

Indeed: I prefer silver and gold over Bitcoins. I saw a graph showing previous crashes of Bitcoins and I find them fiat-ish, so I avoid them... I found ti strange how Max Keiser was promoting them on RT.
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Old 07-14-2013, 06:27 AM   #8
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I think one of the mentioned currencies will die, but not in the manner we all expect. For example, the dollar already died when Nixon severed the gold backing. The pre-1971 dollar is not the same as the post-1971 dollar. It looks the same and has the same name, but they are completely different currencies. Many people to this day still think the dollar is backed by gold, however.

It's seems like everything is about deception nowadays, and TPTB are getting better and better at deceiving us. So whatever happens, it will be obscured and hidden. Maybe it's already happened. Maybe in ten years we'll look back and say QE Infinity was the turning point.

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Old 07-14-2013, 06:36 AM   #9
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we are at what, 41 years or so?

snip:
The average life expectancy for a fiat currency is 27 years.... :
http://georgewashington2.blogspot.co...-for-fiat.html

edited to add, further in the article:

Given the undeniable track record of currencies, it is clear that on a long enough timeline the survival rate of all fiat currencies drops to zero.

maybe where ZH got their tagline?

Last edited by Jay; 07-14-2013 at 06:38 AM.
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Old 07-14-2013, 08:14 AM   #10
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Oh no. If I dont offend at least 3 people a day- I am not doing my job!! ;-) hehe
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Old 07-14-2013, 10:40 AM   #11
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I am trying to imagine how a currency will "end" in the modern era since it seems that fiat currency is mostly electronic. Everybody is using credit and debit cards (even for food stamps) instead of cash. All you need to do is push the right button down at Central Bank Headquarters and "presto" you've created money out of thin air. I feel like we might be living in different times now, and so I would anticipate that whatever happens (crash), it's not going to be like the last time. It will be more complicated and confusing (just a guess). When our own Fed can "loan" money to other central banks and buy any asset it chooses, we have thrown away the rulebook.

As for trolls they were very popular back in the 60's and they might be collectible, but kids play with video games now. As long as the dialogue is civil I would say welcome aboard even if you have long green hair!
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Old 07-15-2013, 02:21 AM   #12
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The other day I was watching a documentary somewhere: the euro actually appeared as a result of the EURUSD, therefore some experts say the euro is actually a pseudocurrency with dollar backing.

So, the euro, the yuan have dollar-backing, if we consider their tight link to the US/US dollar.

Strange, as it sounds...
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Old 07-15-2013, 05:55 AM   #13
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JPY, GBP are most vulnerable due to a combination of demographics (aging population), politics (denial, corruption) and finance (lack of gold reserves, overindebtedness, massive QE).

The EU is at least aware of the problems, ie they're not in denial, and the ECB is trying (!) to sterilize it's balance sheet expansion. But Europe is dying with birthrates arround 1.2-1.5 children per woman. The welfare states are going to collapse.
The US doesn't have a demographic problem yet. It's problems are mainly political and financial. The underlying economy could do much better if the government stopped messing everything up.
In emerging countries, I think Brazil (BRL) and South Africa (ZAR) are in danger. Brazil has a political problem (socialism everywhere, rampant criminality) and an enconomic problem (dependency on China), South Africa is ruled by a corrupt insider dealing oligarchy that doesn't know how to deal with the crisis in mining of gold/platinum/palladium/diamonds (suppressed prices, wage inflation) . SA also has an aids problem...
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Old 07-15-2013, 06:16 AM   #14
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I'd really like to know which ones are closest to the ditch... to me it seems like the euro and the yen. The dollar is gaining strength now... temporarily.

I know about those low birthrate problems in Europe, but there's high immigration rate. So it will eventually fill much of the gap.

Indeed, Swissaustrian, as you say - the wellfare states are going to collapse. Sad, but true.

I saw some reports on riots in Brazil recently. Media blames it on football hooliganism, but I don't think it's just that... months before I saw other reports about Sao Paulo riots.
Obviously class-related problems... poverty, criminality...

So many problems in the World today. I don't even know where it's better.

Even Ireland and Iceland had their own economic problems, severe crises there...

The only two countries I heard of that are punishing the banks and not the people are Iceland and Hungary. Reason why their governments get so often attacked in the media.

Peter Schiff had right: they should have let the "too big to fail" go bankrupt.

Hungary taxed the banks, not the people. While Greece is bailing out the banks, they get praised by the IMF. Bigger and bigger problems, increasing poverty, because they continue to save the banks.

I am watching the news on China now: they produced 7.5 % growth last quarter. Which is dreadfully low! Last year's GDP growth was 7.8 % - pretty low itself. This is worse.
I guess is China goes into recession, we're all doomed!

Somehow to me it seems like the entire World is tied together and we're all going down like fish in a giant web!
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