The inevitable collapse of the dollar

Uploader: GHoeberX
Video Description: Euro/Dollar Rate:
http://finance.yahoo.com/currency/convert?from=EUR &to=USD&amt=1&t=1y
The current account deficit:
http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balance
Summary:
Americans are living beyond their means and Asia is currently financing that. But eventually the Asians/Europeans will stop financing the USA and then the bubble will burst. Also check out the 1-minute video which I'm responding to for a quick explanation

Tags for this video: Collapse Crash Crisis Currency Dollar Economic Economy Euro Financial Market Recession US
See more videos uploaded by GHoeberX

What do you want to do next ?

Play Casino Games - 10% Cash Bonus, more than 75 great online casino games
Bet on Sports - 10% Cash Bonus, Live Lines Inferno, Comprehensive Betting Advice
Play Backgammon - 20% Cash Bonus, popular $50000 Backgammon Tournaments
Play Internet Poker - 110% Cash Bonus, $175000 Guaranteed Poker Tournaments
Bet on Horses - 10% Cash Bonus, Horse Betting Toolkit, Featured Race of the Week
Play Online Bingo - Free $6 Bonus. Bingo Tourneys, Slots, Video Poker, Keno games

Subscribe to our newsletter - Learn how to make $200 per day playing roulette

Related Videos


Billionaire Wall Street Guru Flees The Coming Collapse	The Coming Collapse of the Dollar and How to Profit From It	The U.S. Economy is Unsustainable

The Trillion Dollar Bet	Confessions of an Economic Hit Man - Part I	U.S. Collapse Big Picture Part 1

Share This Video:

Comments on this video: Show || Hide

Read some comments

I don't wish that ... ( 3 days ago by Ben5021)

I don't wish that the USD collapse .. but the US economy were driven by depts for years.
But this will come to an end. The payday is near. And that means the risk for the dollar is higher than ever before.

So when have you ... ( 3 days ago by tcmitton)

So when have you last looked at the Euro vs Dollar. It seems most those who ran to the US dollar have ran back to the Euro

July 2008...Euro ... ( 3 days ago by Jacobrester)

July 2008...Euro 1.62/dollar
January 2009 Euro 1.36/dollar
My math tells me the dollar has rallied TREMENDOUSLY against the Euro.
Has gold reached $2000/ounce yet?
LOL......conspiracy dumbasses...The sky is falling !!!

The loan defaults ... ( 3 days ago by Jacobrester)

The loan defaults from Central and Eastern Europe will start coming to fruition soon, and the Euro will slowly continue its downward movement against the dollar.
You must understand, TcMilton was saying the Euro would move higher against the dollar when it was sitting at Euro 1.62/dollar. He refuses to give a timeline for the "Collapse" of the dollar, and he gets excited every time the Euro moves up. Even though in the last 6 months the Euro has lost 20% against the dollar.

It is almost ... ( 3 days ago by Jacobrester)

It is almost impossible to talk to conspiracy dumbasses. I have been trying to talk common sense with these "Dollar Collapsing" conspiracy nutjobs for months now and it is of no avail.
They want the dollar to collapse so they will ignore the facts. For example, every major currency except the Yen has fallen substantially against the dollar in the last 6 months. It is FACT.
Look at the UK. Novemeber 2007 British Pound 2.18/dollar .....January 2009 Pound 1.46/dollar. A huge loss.

The last time i ... ( 3 days ago by PatrickBateman01)

The last time i checked the dow went from 8000 to 9000, the S&P went from 850-925, the VIX droped from 80 to 40, and commodity prices came back down to earth. its called market stabilization. thats what happens when panic subsides. its DURING the panic that is the most telling and important; when the entire world headed for the safest haven - the USD. having said that, these are all the short term facts as to what happened. scroll down to read how the dollar will contine its dominance long term

you're right. the ... ( 3 days ago by PatrickBateman01)

you're right. the level of idiocy on here is pretty funny. i do enjoy it though. the best are the ones that come from the EU countries on the brink of disaster who say "the end is near" for the US. i also like the ones that come from oil dependent economies that have their 2009 budgets priced in at $100-$125/bbl in crude oil. theres no way they are going to be in any shape to point fingers around here. so ill just sit back and have the last laugh.

All that money ... ( 3 days ago by kkklownknight6699)

All that money being printed for bailouts is coming from a printing press while production has plummeted.
All that paper money is not creating wealth but inflation.

Isn't the decline ... ( 3 days ago by EDGEWOMAN)

Isn't the decline of the US dollar a NWO agenda? I have read the EU dollar is worth so much more than the US dollar. Is that true?

You can laugh and ... ( 2 days ago by tcmitton)

You can laugh and me, if the nations that export oil don't do what they say they are going to do and subfor Euro as the askin currecny.
Your a smart kid. Tell me what conditions existed for Nixon to launch the current fiat system? Thats right a US monoply on all the world oil demand. Just a tiny thing thats NOW going to shit as of Feb 2008.
Is this a conspiracy theory? LOL

"You can laugh and ... ( 2 days ago by tcmitton)

"You can laugh and me, if the nations that export oil don't do what they say they are going to do and subfor Euro as the askin currecny"
^^ Man don't ask me what thats reads. : ( looks like I lost sentence in there.
Anyway, focus on what counts is all

well... about the ... ( 2 days ago by bsf3)

well... about the people on an island. and the asians work and the american eats. you could argue that the american has all the ideas on what to do the island. the american has innovation.

i think the only ... ( 2 days ago by thEBURNINGLEGION)

i think the only part of that analogy was accurate was the fact that americans are fat and eat as much as 3 non americans.

what nixon did in ... ( 2 days ago by PatrickBateman01)

what nixon did in 1971 is irrelevant. the gold standard was laden with problems. also, every country in the world runs on fiat currency so unless you plan on moving to the moon you are stuck with it. as far as the euro goes its not strong on its own merits. its current strength is in relation to other countries lowering their i rates. once the eu cuts their rate (they are notoriously slow to act) they will be more in-line. so as the US exits recession, europe will remain in the middle of one.

stupid american ... ( 1 day ago by Satchindra)

stupid american assholes, god damn cancer of the earth

I dont think you ... ( 1 day ago by Tmack1015)

I dont think you take into account How far USA is in debt to others and what the effects of this debt being called in for payment will do

You're assuming ... ( 1 day ago by PatrickBateman01)

You're assuming that everyone will call in their debt at once...which of course will never be the case.

NO not every nation ... ( 12 hours ago by tcmitton)

NO not every nation runs a US fiat hedemony based on demand for world oil consumption, which in fact, has come to and end and we see the slow death today that will rot further tommorow as Euros cont to the currency of reserve std
NIxon had no Euro to compete with whe he hatched his plan with the Saudi's back in 71 thats the differnce you fail to see.

I have Cdn$. They ... ( 12 hours ago by tcmitton)

I have Cdn$. They are not used in any 'small' way such as US' dollar is used round the world for running every factory, domestic tool, auto etc in are existence today.
The US$ is bought in mammoth clumps to get oil. Its held it huge swaths by every nation only for this reason. Let the Euro in and all the underlying rot of the US system which has not failed to completly suck in all power nations in debt grasp for its monoply to stay as long as possable is exposed.
Nations will shed the US$

The time it takes ... ( 12 hours ago by tcmitton)

The time it takes nations tied down with US debt load and lucrative human expliotion contracts to make a clean break is lenghty. Here US can try to take out the purps agaist the dollar,those who control oil and gas supply.
Russia,They sell all their oil n gas in US! People say the ruppee is shit but that can change with one policy flip to the ruppee. Euro has no choice but to go along or go in the dark. US must nutralize the threats buy making it hard to switch.Coincidence we see this now?

Wrong again. ... ( 11 hours ago by PatrickBateman01)

Wrong again. Foreign nations do not hold USD only to get oil. They hold USD in reserve because of its safety. They also keep large reserve quantities on hand to peg to it and stabalize their own economies. 2/3 of all USD are held OUTSIDE the USA. The euro can never replace the USD. they dont not have one central government and are not a superpower. they proved weak in this financial crisis. if anything the eu will disband. eu does not believe in a strong currency and has said so publically.

"Wrong again. ... ( 3 hours ago by tcmitton)

"Wrong again. Foreign nations do not hold USD only to get oil. They hold USD in reserve because of its safety. "
Wait, who says IM wrong, You? lol
They have security (US bills) because they buy oil. Thats it. God, try to take that in. The dollar had a monoply on aquiring oil. NOw its over.
THe reason any money has worth close to US$ tells its in possesion (that nation) of real worth, not a scam set up by Fed through nixon, thats ready to crumble whenever a Euro strengh currency came along.

"They also keep ... ( 3 hours ago by tcmitton)

"They also keep large reserve quantities on hand to peg to it and stabalize their own economies. 2/3 of all USD are held OUTSIDE the USA. "
Truth that supports realty you fail to see. Your talking about HARD currency like the US$ still is today only cuz its still supported by the worlds insatuable need for oil. The Euro is stripping that status bourse by bourse. Currency is made 'hard' by peggin it to oil markets ex:Russia forcing Euro's to be converted to rupees in vast sums to meet gas needs

I think pat needs ... ( 3 hours ago by tcmitton)

I think pat needs to realize the double kicker US faces here or, least come out and deny it exists with supported evidence.
1st,, US$ are no longer traded in mammoth amounts as the only means to accuire oil whick makes the 2nd hit, beacuse of this, huge swaths of US dollars arn't needed to be kept additional in reserve by every nations in the world
Tell me if Euros are allowed (like in Iraq before invasion) why anyone would choose a bankrupt US$ when the Euro can get them that same oil?

Tell a friend:

URL
Embed Code