Skeptic Project

People have said every year that the US dollar is going to collapse soon. Some said that the US dollar was going to hit a recession this year, and we have about a month to go in the year, and I think we're ok, no?


This is also a good example of a CT believer saying that the dollar was going to collapse in 2010:
http://skepticproject.com/site/hate-mail/view/25/hay-ass-hole/

http://skepticproject.com/site/hate-mail/view/22/your-so-smart/

http://skepticproject.com/site/hate-mail/view/24/it-looks-like-i-am-right/

http://skepticproject.com/site/hate-mail/view/29/gold-is-not-a-commodity/

http://skepticproject.com/site/hate-mail/view/33/last-time-i-am-going-to-try-to-reason-with-you/


[Edit: added more links, the hate mail section is pretty useful!]

"Some people are linking the DHS stack up of ammo to this proposed collapse. "

Those people are not thinking rationally.

I personally don't think the dollar is going to collapse anytime soon. I could be wrong, but from what I can remember the value of the dollar comes from the people having faith in the dollar. Basically, the people believe that the dollar has value. The only chance the dollar has to losing its value is if people lost faith in the dollar sometime soon, if the government collapsed or if people lost faith in the government (it's important for something like this to happen to the government in order for the dollar to collapse since the government is the one that releases the dollars and made them legal tenders). The government is stable as of now and no one anyone that's lost/losing faith in the government is a small minority that doesn't affect the rest of the world so I would think the dollar is a-ok.

Quote from JimJesus

I don't have high hopes about the US dollar's future, but by no means do I think these people who sit on the boards of the Federal Reserve banks are as clueless as the doomers think. They know what will happen if they engage in hyperinflationary actions and they have a lot to lose from doing it.

This isn't Zimbabwe, ffs.

http://other.skepticproject.com/forum/7/hyperinflation/


http://conspiracies.skepticproject.com/blog/12/economic-collapse-really-is-coming-soon/

I am unfamiliar with any kind of credible argument in favor of USD collapsing. Black Swan events are always possible, so I don't think a measured "Be prepared" approach* is as fringe or paranoid in terms of utility as other skeptics might, but I'm not actually expecting hyperinflation.

I'm not expecting a Dollar collapse anytime soon either, every single year is another failed prediction. But what determines whether or not the dollar collapses? what are the factors? I'm curious

Did some more searching today to learn more about what typically happens when an economic collapse happens, etc... and unfortunately there's always gonna be a conspiracy theorist website disguised as a normal one. Ran into two different posts from teh same site while trying to do some proper searching:

This one pertains to the topic of this thread: http://thecommonsenseshow.com/2013/07/12/what-does-a-currency-collapse-look-like/

this one claims martial law is already declared in the U.S: http://thecommonsenseshow.com/2013/07/11/the-us-is-under-martial-law/

"This past spring, DHS authorities declared "Bible believing Christians" to be domestic terrorists" - umm, ok well, proof? where's the text or video that proves this? why do they care if you're Christian? they haven't seemed to care at all these past however many years.

you can never fully avoid shit like this unfortunately, when it comes to the internet. I hate christian conspiracy websites like that one

update: since I can't seem to find any non conspiracy theorist pages that describe what could happen immediately following an economic collapse, I 'll ask here. I'm trying to learn more about this, not that I think there will be one anytime soon, but I try to find background info anyway.

What could logically happen once an economic collapse were to occur? What would be the smart thing to do in the event of this (both before and during the collapse). Many sites say that you should stack up on gold because that will be worth lots, yet there are few comments that actually state that gold wouldn't be a good idea in the event of a collapse.