Quote from: isildur1 on September 27, 2016, 05:58:11 PM

Quote from: yayayo on September 27, 2016, 03:20:29 PM

I agree that the reign of the USD as a global trade currency is coming to an end. But not only the USD, almost all major fiat currencies will likely collapse in the foreseeable future. The simple reason is the irresponsible expansion of the monetary base that will render USD, EUR, JPY, and GBP worthless via inflation.

The economy is in very bad shape and governments are indebted like never before in history. All their actions are directed at buying time, not solving the underlying problem. Because the underlying problem is debt-based fiat currency, which at the same time is a significant source of power for those in charge (bankers and politicians alike).

However it's very difficult to predict the exact time of collapse. In that regard, the video is just hogwash. The global Ponzi scheme might collapse in an instant or it might survive a few more years - nobody can reliably predict that.

ya.ya.yo!

could you see it happening within 10 years?

Clearly, yes! I could see it happen within three days. It's just extremely difficult to predict the exact point in time. It's a certainty that the existing fiat regime is terminally ill. However with extraordinary measures some patients can be kept alive in coma state for weeks...

For example, if you look at Argentina and Venezuela the death process can be significantly prolonged - although I'd say that the state in Venezuela is already very close to apocalypse. The difference between these countries and the U.S. / the EU is however, that the Western countries have much more significant financial dependencies that can have a much bigger influence on the real economy / the people and could rule out such a "slow death"-scenario.

A breakdown of a major bank (for example Deutsche Bank) could easily trigger a chain of events that might quickly get out of hand...

ya.ya.yo!