Will the Dollar Collapse Soon?

As an internet marketer from Europe and getting most of my money in dollars im kinda worried with the current situation of the dollar value in comparision with the euro...i dont know when its going to crash but it doesnt look well, its been falling every single week; does this worry you? in a possible scenario where the dollar becomes garbage whats next for us internet marketers?

It will, so many countries are dropping it already.

It is imminent.

it already has. shit.

It's a matter of when not if that it will crash but i would say it would be several years before we see this happen. Washington has a way of putting band aids on flesh wounds they will milk things for as long as they can before the inevitable happens. I think it's happened twice in our history and in most countries economies.

all I know is right now silver has a stronger market value than the dollar. I have a friend who is a very wealthy investor and he says the money men are getting nervous. So to answer your question, yes. Unless our congress suddenly gets a respectable IQ and stops relying on the federal reserve to release more money which causes a direct failure to the buying power of the dollar. It's like a rare coin, the more coins in circulation, the less the value. Hell if an idiot like me can figure that out, shouldn't they?

Quantitative easing is whats going to fuck over the dollar.

What seems to be fueling the economy now, is what's going to make the dollar collapse.

When it goes under, and economists are blaming it on "Quantitative Easing," remember you heard it from me first.

Yep, it's already happening. We are seeing the beginning of the end here... We're just at the top of the slope now, and it's going to get much worse. Personally I've lost about 8% of my income through the exchange rate in the last 2 weeks.

It really sucks as marketers because the internet will be one of the last industries that goes off the dollar IMHO.

it has a LONG way to go before it "crashes"

It may continue to slide though....that is realistic.

You know that QE3 is just around the corner, its already being discussed . I find it sadly entertaining that 6.5% more US currency has come into existence, while the stock market has gone up 6%. Which means overall there has been a loss of .5% for those that are investing in the stock market, but all the media talks about is the rise in the stock market...

Too bad the US dollar isn't backed by gold anymore...

In my case this is good news as I'm doing imports paying in USD.
I remember 3 years ago 1 EUR = 1,70 USD.

Now 1 EUR = 1,45 USD so I think the situation is not so bad for the USD yet.

It's because the Feds keep printing money. Who's winning the money race? The US is.

You dont see the EMC printing money like the Feds are lol

Few weird phenomenon in US economy system：
- Federal Reserve System does not belong to Federal/government.
- Government cannot print money
- FRS can print money out of no where without backed by gold or silver.

what does this tell you? LOL

Chronos said:

Quantitative easing is whats going to fOck over the dollar.

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Yup! I love these nice little terms they give these things...

And yeah, The federal reserve is just a name, no association with Govt(that we know of)... Most people don't know that.. Sooo BH..

~Z.

I remember being told somewhere that US$1 now is only equivalent to $0.01 or less than a penny. It's a youtube video if I remember correctly. It explained that the cause was because the currency isn't back by Gold anymore.

Also, 2-3 weeks back I read a news from MSNBC that China has dumped about $500 BILLION of US securities. So be prepared to see the currency drop even further.

What's more saddening is this...
I live in Singapore as some of you may remember.
Few years back, or rather 5-6 years ago, the rate was:
US$1 = S$1.70

It was like HEAVEN back then!
Then when I entered IM (which is about 3 years ago), the rate dropped to:
US$1 = S$1.55

But hey, it's ok since I'm getting 50% more!
Then a year later, it was:
US$1 = S$1.45

I remember I was ranting the whole day EVERYWHERE about my concern with the weaking US dollar.

Then this week, it has hit a new low:
US$1 = S$1.237


HOLY CRAP!
It's declining in an exponential way!

6 Years Ago - S$1.70
3 Years Later - S$1.55
About 1 Year Later - $1.45
Now - S$1.237

I believe it will drop to S$1.10 by next year or even before the end of this year.
ESPECIALLY after those bond agencies are planning to downgrade US securities.

Dollar hasn't been backed by gold since what, the 60's....

BlackSeng said:

HOLY CRAP!
It's declining in an exponential way!

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Yep it is pretty much exactly the same with the NZD. I feel like cutting my wrists every time I look at the exchange rate. Sort your shit out Americans! :banghead:

If I compare from an order about a year ago and now its lost like 10% or something >.< what will we do?!

character said:

what does this tell you? LOL

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i wonder if you could sell all your shit to them for a profit then buy more of it

GrizzlyAdams said:

i wonder if you could sell all your shit to them for a profit then buy more of it

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You may be able to do that, but you would have to find a gold distributor that charges less than $35 surplus.

APMEX adds over $700 per ounce if you buy it via credit card..