Quote from: Wilhelm on August 25, 2014, 06:21:35 AM

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Quote from: Elwar on August 24, 2014, 08:17:19 PM

Quote from: cinder on August 24, 2014, 05:55:15 PM

The question is, is is fair to compare USD to Zimbabwe when US still have the strongest military in the world.

It is the strongest military today because it is paid for with higher and higher debt that cannot be maintained.

The dollar is a liability backed solely by the military which exists solely because countries are willing to borrow our dollars.

When that stops it all comes falling down.

Hard to stop something as gigantic as US.

Not saying it will not decay over time. But I do not see it falling down during our life time.

Why not?

If they decouple oil from the dollar tomorrow the US is dead pretty quickly.

The US knows this. Why do you think anybody who has gone public with such plans has been invaded?

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If all countries want their gold from the federal reserve and find out there gold no longer exists the US will lose all credibility and be dead.

Everybody already knows it is mostly gone. So far, the markets don't seem to think it's worth the pain a USD collapse would cause to everybody who depends on us importing their crap.

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Military power is a nice thing to have but it costs money and printing more won't help you. Even patriotic pro US soldiers want to get paid.

Printing more seems to be working fine so far. We also sell lots of military hardware to both sides of any conflict that pops up, produce much of the exportable food in the world, and are now a major energy exporter.

....

So, oil is tied to the dollar, and this tie is backed with bombs. Food, military hardware, and energy are what we export, and anyone worth worrying about exports mostly unimportant consumer goods.

Don't get me wrong. I see the B.S., but I don't think any foreign powers can kill the game any time in the next couple decades. What may very well take down the US, however, is the growing income inequality and the absolute FACT that the majority of the population are either debt slaves or so poor they can barely make rent. That will be our undoing, not the world waking up. The world's leaders know what game they are playing and it's not worth rocking the boat. And the world's citizens are too busy trying to make a living, just like the average American.