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Interesting Fictional scenario: "The Day the Dollar Died"...

DoubleEagle59DoubleEagle59 Posts: 8,326 ✭✭✭✭✭
in Precious Metals
very interesting read.....

Dead US Dollar
"Gold is money, and nothing else" (JP Morgan, 1912)

"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

"I only golf on days that end in 'Y'" (DE59)

Comments

  • ZubieZubie Posts: 1,160 ✭✭✭✭
    Yikes...glad I'm getting into PMs.

    I think I'll grab 2 packages of TP at Costco next time too!!!
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  • cartermurphcartermurph Posts: 141
    uh-oh
  • cinman14cinman14 Posts: 2,489 ✭


    << <i>Silver UP $39.13 to $81.06 >>

    image



    << <i>All mortgage and bill payment due dates were suspended for thirty days and no past due notices nor penalties were to be allowed by Federal Law >>

    image

  • cladkingcladking Posts: 28,670 ✭✭✭✭✭
    He pictures it much the way I always figured it except that
    I had always seen it as a rout in the bond market that does
    the real damage. The effects would be similar but if it occurs
    it will be blindingly fast.

    If it happens in bonds it will progress a little more slowly. One
    assumes there is a contingency plan or one would soon emerge.
    Ultimately all that matters is our ability to feed ourselves rather
    than the financing of this project. Infrastructure doesn't evapo-
    rate just because the dollar or bonds do.
    Tempus fugit.
  • cartermurphcartermurph Posts: 141
    There is now part two, three and 4. I would post link but I am technically challenged.
  • moonshinemoonshine Posts: 1,039 ✭✭
    is link the same as above - I printed out all 2 pages for my peeps.

  • cartermurphcartermurph Posts: 141
    I know but look up The Day The Dollar Died part 2, 3, and 4. I think the author continues the story on past the above link.
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    riveting. MJ

    part 2
    part 3
    part 4
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • CiccioCiccio Posts: 1,405 ✭
    Here is the complete article. (in reverse order, being that a blog post)

    The day the dollar died
  • moonshinemoonshine Posts: 1,039 ✭✭
    thanks for links.

    ---> reminds me of the book: Patriots: A Novel of Survival in the Coming Collapse - (April 7, 2009)-- good book, if anyone has not read it.

    Another good one is: One Second after.

    I have read them both and both books are excellent reading - you won't be able to put them down.

    Patriots, is especially a good book for many reasons. You will just have to read it on your own to see why ..... (NOT the same as Patriots, the movie!!)

  • JimDepotJimDepot Posts: 958 ✭✭
    "Who is John Galt?"

    Atlas Shrugged
    image

  • cartermurphcartermurph Posts: 141
    I'm only 200 pages into the book, but i think it is a character from Ayn Rand's novel Atlas Shrugged. I've been catching references to the book on this forumn and Fast Money on CNBC now this story.
  • moonshinemoonshine Posts: 1,039 ✭✭
    I got a copy to read, but the print is too small. So I am going to rsell it, and get it on CD if I can.

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