Economic down turn USA

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This guy is NOT fear mongering i have been watching his stuff for years he is right EVERY TIME! If you have money to invest I suggest you move all your investments away from the us dollar. I plan to have enough cash on hand in a foreign currency so if the dollar ever collapses i can leave the country. and if nothing happens.... well i can always change it back and probably get more money in return for it because the dollar is being inflated. So it is a win win scenario.

[youtube]http://www.youtube.com/watch?v=xNhncLioTTk&feature=feedf[/youtube]

Grate, the Russians are reporting that the dollar will crash imminently. Such fear mongering is straight our of Glenn Beck's play book.

http://en.wikipedia.org/wiki/RT_(TV_network)

If the economy totally collapses, there will be more people trying to leave the country than other countries can take. It will be similar to our Problems with Mexico. You would be better off investing in guns, ammo, and survival gear and supplies. If you have gardening skills, start a "victory garden".

There's a flaw in your reasoning. The dollar is the world's reserve currency. If the dollar collapses, so will most of the world's other currencies.

For this reason, the dollar isn't going to collapse any time soon.

If you're STILL worried about the dollar collapsing (I don't think you need to be), you would be better off putting your money in metals rather than foreign currencies that are backed by dollars. I really don't recommend this, since gold and silver are bubbling right now (though they might still go up, there is considerable risk of a crash, just like in the early 80's). And contrary to claims made in the video, silver and gold prices aren't tied to dollar inflation (we no longer have the gold standard, which means that gold and silver prices are due to supply/demand/speculation rather than inflation). The only commodity that's truly related to inflation these days is oil. When oil prices go up, so do prices of almost every other good across the board (you need energy to create and ship goods, and most of this comes from oil). Because we're close to peak oil production, we can expect prices in general to increase (inflation), regardless of what the fed does.

yes I agree my family and i are doing all those things. so is allot of America recently or at least here in the south i have noticed it..

just-me, the following (long) article may be of some interest to you:

"Days of Abundant Resources and Falling Prices Are Over Forever"
http://www.theoildrum.com/node/7853#more
(If that link does not work, try
http://www.businessinsider.com/heres-wh ... ver-2011-4 )

As Arius_Reborn suggested, also look into precious metals (especially gold and silver) as an alternative to foreign currencies. The following (aggregator) websites often have interesting information:
http://www.goldseek.com
http://www.kitco.com

As with everything on the www, caveat emptor.

If you buy precious metals, do not take certificates. The certificates are by far the world's biggest Ponzi scheme. Get the gold or silver or whatever in your possession.

I heard that to be true from my aunt who is a "prepper" but a rather rich one since she made a bunch of money when gold was cheap and invested in gold. She now says to buy silver coins but not at collector value. Also I suggest a big garden using HEIRLOOM seeds because you can collect the seeds from them and grow them again and again. I suggest if the ecconomy is going to crash to grow enough for you and to use for barter. She collects basic stuff that can be used as barter and for herself and her family...like toilet paper and tissue and tools and foods etc.

my sister says that if the economy hyperinflates...forget gardens, she is stocking up on ammo.

The oil situation is not as bad as they make it sound...there is alot of oil in the US, but for some reason the polititians rather use saudi oil instead. Saudi oil is at peak, but there is oil in the US expecially in the southern midwest. The reason for them not using US oil is for someone braver than me to explain over the internet.

The dollar crashed forty years ago. At the time it was worth four silver quarters, which are now worth $10+ each.

When George Bush took office oil was $13, and in oversupply. Two wars and ten years later, dollars are worth dimes, and not silver ones.

Oil is still in oversupply. The rest is the price of lies.

If gold and silver were such great deals, why would people sell them for falling dollars?

If oil was only going up, people would be buying at $125, knowing it was a sure thing. Oil went from $140 in 2008 to $32 in 2009, and only recently passed sixty.

The American downturn has less people buying, driving less, and is still the largest market on earth. With demand down prices fall, unless the Fed doubles the amount of dollars, which they did, which reduces the value by half. When that stops in June prices will reset downward.

Deflation in housing continues, jobs, the value of savings.

The goal is pumping up market numbers so the pension funds will make their numbers, in dollars with less buying power. Social Security for one becomes solvent with new dollars which fifty will buy an ounce of silver.

I paid in in silver since 1963, I get paid back in paper worth 1/50? If counted in the same silver I paid, I get $15 a month.

Small farming if you like to eat.

Stealing the wealth of others and fleeing the country used to be called theft, now it is Globalization.

All governments have fallen, all paper money has become worthless, this time will be the same. China, Japan, the oil producers have all taken dollar IOUs, they fall with the dollar.

Food and water.

Inventor, I love when you come around and make the world make more sence, anyway...what and who caused the dollar to fall forty years ago??

The collapse of a large empire is a rare occurrence to behold.

Hyper-Inflation is inevitable.

It is possible and even likely, but nothing is inevitable when it comes to choices.

ruveyn

It's either hyper-inflation, or the US defaults on it's debts .. which causes a even greater depression. It's easier to cut spending, but why add to the military budget ? War can't bring in enough profits for this problem

Thanks for the links. one good thing is the usa is huge and has a relatively low population (in reference to land mass) as opposed to places like England as a result we have enough space to grow the food needed to feed the people here in the usa. the usa also has allot of oil it does not use, which is why we are "dependent on foreign oil" .

I would like to think our lack of using our own oil is because we are preserving our own resources so when it all runs out we still have some.

I couldn't agree with you more. hyper-inflation or default seems to be the 2 most likely outcomes . sadly.