Perhaps. If there was a Dollar collapse in the middle of a cold winter here in the US, by the end of one week most of the population would be starving, suffering from dehydration, and suffering from hypothermia. Not everyone would be troubled by these problems, though, as many would not survive one full week after the country descended i…
Perhaps. If there was a Dollar collapse in the middle of a cold winter here in the US, by the end of one week most of the population would be starving, suffering from dehydration, and suffering from hypothermia. Not everyone would be troubled by these problems, though, as many would not survive one full week after the country descended into total and complete anarchy, with no currency of value, no means of exchange, no power/running water/gas heat/internet/cell phone service etc. Most people would be far safer if the US was hit by a dozen nukes than if there was a currency collapse. It would make living through the Plague/Black Death, or the Spanish Flu, or the Great Depression, all look like great times, by comparison. The book I read laid out, with great precision, how hour by our stores would have their shelves stripped bare and be burned, how anyone who had anything of value would be at grave risk of being robbed at gunpoint or murdered for their possessions, by desperate starving people in the days following the collapse, and worse. I have always feared a Dollar Collapse, more than any other disaster that could hit the USA. To me, the really scary thing is that it could happen, in a blind panic, at any moment, and if the US keeps steadily going bankrupt, it probably will happen someday.
Be the gray man, stay away from crowds,and keep yer yap shut about what you have stashed. Easier said then done.Thing is most tough guys don't want to be the first one in their crew to die.
" To me, the really scary thing is that it could happen, in a blind panic, at any moment, and if the US keeps steadily going bankrupt, it probably will happen someday. " ~ Thomas Madden
"China and now even Canada, are issuing debt denominated in US dollars. The older issues have also lost on the foreign exchange. Carney in Canada has just demonstrated his true lack of understanding of financial markets. He dumped US Treasuries but then issued Canadian debt denominated in dollars. As the C$ declines, he will lose on the return of the foreign exchange as well. Even the OECD report found that the costs of borrowing through dollar-denominated bonds had risen from around 4% in 2020 to more than 6% in 2024, rising to more than 8% for riskier, junk-rated economies nations."
Soylent Green. A classic dystopian film starring Charlton Heston.
Soylent Green should be viewed as an allegory about how we're supposed to be more aware of the injustices the ultra-wealthy have inflicted on everyone else. The film's ending could almost be viewed as saying, "Hey, bad things are out there, and you need to search for the truth."
What happens after that? It probably won't be as pretty as a bunch of flowers in a field, we'll say that much.
Perhaps. If there was a Dollar collapse in the middle of a cold winter here in the US, by the end of one week most of the population would be starving, suffering from dehydration, and suffering from hypothermia. Not everyone would be troubled by these problems, though, as many would not survive one full week after the country descended into total and complete anarchy, with no currency of value, no means of exchange, no power/running water/gas heat/internet/cell phone service etc. Most people would be far safer if the US was hit by a dozen nukes than if there was a currency collapse. It would make living through the Plague/Black Death, or the Spanish Flu, or the Great Depression, all look like great times, by comparison. The book I read laid out, with great precision, how hour by our stores would have their shelves stripped bare and be burned, how anyone who had anything of value would be at grave risk of being robbed at gunpoint or murdered for their possessions, by desperate starving people in the days following the collapse, and worse. I have always feared a Dollar Collapse, more than any other disaster that could hit the USA. To me, the really scary thing is that it could happen, in a blind panic, at any moment, and if the US keeps steadily going bankrupt, it probably will happen someday.
Be the gray man, stay away from crowds,and keep yer yap shut about what you have stashed. Easier said then done.Thing is most tough guys don't want to be the first one in their crew to die.
" To me, the really scary thing is that it could happen, in a blind panic, at any moment, and if the US keeps steadily going bankrupt, it probably will happen someday. " ~ Thomas Madden
"China and now even Canada, are issuing debt denominated in US dollars. The older issues have also lost on the foreign exchange. Carney in Canada has just demonstrated his true lack of understanding of financial markets. He dumped US Treasuries but then issued Canadian debt denominated in dollars. As the C$ declines, he will lose on the return of the foreign exchange as well. Even the OECD report found that the costs of borrowing through dollar-denominated bonds had risen from around 4% in 2020 to more than 6% in 2024, rising to more than 8% for riskier, junk-rated economies nations."
https://www.armstrongeconomics.com/uncategorized/sovereign-debt-crisis-unfolding/
Which country do you think will fold first, Canada, or the US?
Is a bank run the cause of a currency collapse? If so, can some form of a CBDC be a solution? If so, would you be in favor of it?
Soylent Green. A classic dystopian film starring Charlton Heston.
Soylent Green should be viewed as an allegory about how we're supposed to be more aware of the injustices the ultra-wealthy have inflicted on everyone else. The film's ending could almost be viewed as saying, "Hey, bad things are out there, and you need to search for the truth."
What happens after that? It probably won't be as pretty as a bunch of flowers in a field, we'll say that much.
Read More: https://www.looper.com/383129/the-ending-of-soylent-green-explained/