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Is the dollar really going to collapse heavy?

Discussion in 'BlackHat Lounge' started by jacobpov, Apr 13, 2014.

  1. jacobpov

    jacobpov Junior Member Premium Member

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    In which currency are you accepting payments ? did anyone here exchange from dollars to euro or pounds ?

    What's all this dollar collapse talk is it that serious ? state you opinion on this , Thanks!
     
    Last edited: Apr 13, 2014
  2. SocialMediaManager

    SocialMediaManager Elite Member

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    In my country from last 12 years Dollar was cruising up in previous month first time in history we saw 12% downfall
    inflation is low now but so is my Pay i earn 10% less now :(
     
  3. Dagreyon

    Dagreyon Jr. VIP Jr. VIP

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    Post a link to the article(s)... The dollar will be fine.
     
  4. SkyrocketSEO

    SkyrocketSEO Jr. VIP Jr. VIP Premium Member

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    Yes, it is going to crush if USA lose the wars or a massive earthquake that will rip USA apart happen or something. Till then nukes/tanks/rockets are keeping dollar safe
     
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  5. erminc

    erminc Jr. VIP Jr. VIP

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    Complicated to say, eventually soner or later the dollar will lose its value. You know America is theoretically bankrupted? The private club called FED is the only factor that keeps the dollar alive, but sooner or later it will lose its value.

    With pounds--> you can buy more euro's and even more dollars
    With the euro--> you can buy more dollars but less pounds
    With the dollar--> you can buy less euro's and even less pounds
     
    Last edited: Apr 13, 2014
  6. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP Premium Member

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    Well there's always the rumor of the Euro being used for future oil contracts, but as with everything in forex, it's just rumours and it's probably the most uncertain market of all.
     
  7. macdonjo3

    macdonjo3 Jr. VIP Jr. VIP

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    Well Canada's dollar went for a dump this year, so I accept USD instead. Gives me more CDN dollars than it used to.
     
  8. ch8878

    ch8878 Elite Member

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    Not sure what crush means.

    Do you mean crash lol ?
     
  9. FunkyWaltz

    FunkyWaltz Junior Member

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    It wont just lose it's value. It will cease to exist. The next economic crash will be the most devastating one in history. Everything up until now is just nonsense market manipulation. The truth is the economy should have crashed, and completely bottomed out. Every morning on the DOW and the S&P there is rediculous volume in overnight markets. The fucker will open up +500 points, then round out at the end of the day where it started. There is no reason the market should OPEN UP +500 points with absolutely no news behind it. It really is ludicrous.


    The US dollar.... Backed by the blood of our enemies.
    Oh and don't forget thin air.

    My prediction: When the dollar crashes, the government will adopt it's own bitcoin. This will now be the new world currency of trade as it will no longer be the USDollar. Now the money REALLY comes from thin air. Last I checked Bitcoin is back by the idea of bitcoin. Like... The Dollar is backed by the idea of dollar... Hey wait, where is my Dollar Miner?
     
  10. xPWN1t

    xPWN1t Regular Member

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    The longer you hold on to your dollars the more worthless they become. Soon they will be almost completely worthless but I assume the market will work around this (higher wages, large denomination bills). As the dollar is crashing gold will become worth more and Bitcoin likely will too. I don't think FunkyWaltz understands how Bitcoin mining works or how new Bitcoins are introduced (or rather no longer introduced).
     
  11. erminc

    erminc Jr. VIP Jr. VIP

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    We are giving a specific currency their value, if we start tommorow believing the us dollar or the euro is nothing, than it would be nothing, but if we associate succes and wealth to paper than it will always be valueable, but some shit private club is pumping billions each day, then deflation will occur thus will make the currency lose its value.... and we all know what then will happen... world chaoooss...
     
  12. FunkyWaltz

    FunkyWaltz Junior Member

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    Well. I know how mining works. I understand there is power consumption involved. It receives it's perceived value just like any other market. I know there are 25 bitcoins per block. There are bitcoin mining pools. The more people involved in mining the more valuable it becomes as the algorithm makes it more difficult to mine with the more blocks mined. The whole nine, there are even ways to monetize your website with bitcoin. I mean after all I've personally followed it since a friend of mine who works in the gaming industry programming in C# for Indian gaming casinos here in Nevada turned me onto it in 2009. It was worth like 3.4X$ USD, I did all the math and I couldn't make a profit. So by no means am I a bitcoin millionaire. It is just like any other currency with one exception, we can print it.
     
  13. spmcnerd

    spmcnerd Regular Member

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    Fractional banking. It will always crash/crush so you get your richard knocked in the dirt.
    Banks loan $ they don't have yet it's approved by congress.
    That Hawian dude won't be able to get euro injected to US this time, but hide n watch.
     
  14. CinderellaMan

    CinderellaMan Newbie

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    Anything is possible in economy. Australian dollar is doing well in the past 20 years...
     
  15. dys872

    dys872 Junior Member

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    All of the fiat money like dollar are collapsing they are just collapsing slowly to so poeople don't see it, the dollar has lost like 98% since it started it will die one day but 10 to 15% per year people don't see, it's all a scam. By the way it's illigal if you read the law dollar was supose to be silver that is what it accually means.
     
  16. auxiliarus

    auxiliarus Regular Member

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    To be honest, Dollars aren't safe anymore with all the American debt and stuff, the pound might bounce from Scottish independence referendum and stuff, I would use Euros myself, much more safer than Dollars or Pounds.
     
  17. Conor

    Conor Jr. VIP Jr. VIP

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  18. xha44a

    xha44a Power Member

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    Usually right beside the article saying the dollar is going to crash NOW you'll find some banner ads that say "OMG BUY GOLD NOW BEFORE ITS TOO LATE". It's just some more friggen marketers.
     
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  19. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Dollars are reasonably safe (in terms of collapse) as a short/mid term investment. I wouldn't go close to any 10+ years bonds though.
     
  20. psyclogic

    psyclogic Regular Member

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    When shekel will strengthens dollar will totally collapse according to some scientist. I believe this is true, don't want to get into more details coz i know some people of some nations will take it personal... anyway, i never keep dollars in my bank account...
     
    Last edited: Apr 13, 2014