yardburd
New Poster
Cash: $ 0.45
Posts: 2
Joined: 25 Nov 2009
Location: Florida
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| When and how fast will the dollar collapse? |
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Anyone who visits the usdebtclock.org website should be able to figure out that the amount of U.S. debt and the rate at which it is increasing is unsustainable. This fact (?) leads me to ask this question:
When will the rest of the world (Chinese) finally tire of financing our runaway spending, decide to cut their loses and dump the dollar?
When they do (not if), how fast will the dollar collapse? One day, one week,
one month or one year?
My uneducated guess is that when it comes, the collapse will be well under way in two days. The Government will, in an effort to stem the panic, impose wage and price controls, shut down the banks to stem the out-going flood of deposits and declare Martial Law to control the civil unrest which follows when sellers are reluctant to part with their goods for worthless Federal Reserve Notes. What follows is anyone's guess.
I will welcome anyone who can provide evidence that this scenario is the product of an over-active imagination.
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