Is the American Government and the American Dollar About to Collapse?
Posted by junkgurl in Junk Silver Coin FAQ, tags: about, American, collapse, dollar, governmentQuestion by Old Gamer 56: Is the American government and the American dollar about to collapse?
I'm not interested in bashing the GOP or Obama (at the moment.) I just wonder if this could be happening. I am reading Liberation, a speculative novel by Slattery, and it's spooky in it's accuracy.
Our economy is in the toilet, the Asian markets, heavily invested in the US, are questioning the validity of the the American dollar, unemployment is rising...will there come a day when no one answers if you call 911?
Should I buy junk silver and a 3 month supply of food and water? Place barbed wire around the perimeter of the condo and buy an assault rifle? Move to Montana? Or should I seek the services of a professional therapist?
I'm half serious. Could the dollar collapse, and then what happens?
Best answer:
Answer by Woogley
I think so, China are proposing a global currency and Britain are proposing a global new deal. Say hello to the new world order.
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Originally posted 2010-07-11 13:45:53. Republished by Blog Post Promoter
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You’re safer than you think. Even if the dollar’s value begins to drop quickly, the US will not turn into a lawless wasteland. Even during the great depression, which was worse than this recession, the US didn’t collapse into an every-man-for-himself land full of roaming bandits. Check out other first world countries which have gone through serious depressions with out-of-control inflation. People still went to work, etc.
A worst case scenario would wind up with a radical far-left or far-right movement taking over, rather than complete societal collapse.
Possibly. There are two theories you need to check into. First is Nicholai Kondratieff’s Long Wave Cycle. It used to be available from Princeton Press. Remember when reading it that he was sent to the Gulag by Stalin when he refused to predict the collapse of Capitalism during the last Great Depression. Odds are we’ll come out of it again. Although, the dollar may not be the world’s dominant currency.
The second theory is harder to come up with a copy of. I’m not even sure what the field of science involved would be called. I read a summary of it in ANALOG’s science fact article about 15 years ago. It describes the pattern of the rise and fall of nations. Basically it says that every 75 years or so a nation undergoes a crisis. If it survives that crisis, then it is likely to survive for another 75 years. Unfortunately, this ties in fairly well with Kondratieff’s economic theory.
As far as stockpiling food and water etc, remember the conclusion Dr. Bruce Clayton approached in Life After Doomsday. You can try to stockpile enough guns and ammo to defeat all comers or you can try to rebuild civilization after the catastrophe. Two different approaches to survival.
Regardless, beware the truce of the bear.