thevicenarian.com

Sobering questions about the US dollar

Posted by Tad Johnson - Apr 4th, 2008 at 18:04

Watch this excerpt from a Danish documentary that asks the question, “what if the dollar collapsed?”

April 4, 2008 | In debt, economics |

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Fear Mongering!

Comment by T.W. Hanson — April 4, 2008 #
So if wanted to “get out” of the dollar … how would I do it? Could I take my paycheck to the currency exchange every two weeks and get Euros? Could I get a European credit card? How does one stop using the currency of their nation?

My only criticism of the video is that there is no standard … yes the graph shows a dramatic up-curve, but it doesn’t say how high is too high. How much can we sustain? Are we past the point of no return?

Comment by Dan — April 16, 2008 #
If you want to “get out” of the dollar, you can buy a dollar-bear fund, foreign equities, or a foreign denominated bond. Ever-bank.com also offers CDs and online savings in foreign currencies.

That said, this video is pretty one sided and probably not true.

Comment by tadfad — April 17, 2008 #