US Dollar Collapse as World Central Banks sell US$

[anonymous888]

I have read in our company report that most of the Central Banks around the World have started diversfying their reserves away from the US Dollar in anticipation of a collapse in the US Dollar however it is not expected to happen anytime soon until they have fully diversified out of their Dollar Reserve into other more stable currencies and some commodities. Estimate time of diversification is anytime between 1 year to 2 years for the majority of Central Banks around the World to move out of US Dollar Bonds, Treasuries, etc. because there seems to be NO BUYERS for US Treasuries. These Central Banks also hope to get Americans and other idiot Central Bankers that are not in the know to believe that the US Dollar will recover hence they will buy 10 Treasuries publicly and announce it loudly and sell 100 Treasuries through the back door. As far as I am concerned if this is true I won't be coming back to the US anymore if the US Dollar collapse, the US Government will become a Dictatorship or a Communist Government.

Well Obama promised us CHANGE, things going from BAD to WORSE is still CHANGE

[Deleted]

NWO here we come. We can be part of the big happy global disaster. I hope you are wrong and we can save ourselves.

[Politically_Incorrect12]

If the US dollar collapses, then the world will also take the hit since Americans also seems to be the biggest consumers in the world. I guess those other countries will have to find somebody else to buy their stuff.

[Deleted]

..and feed their hungry, medicate their sick, rebuild after disasters, fight their enemies, etc. But I am sure somehow the USA will come out to be the global bad guys as soon as the $$$ stops flowing out to other countries.

[anonymous888]

Thanks for the post krickitt, politically incorrect 12 and tough times.

But if I am correct and the report I read is correct, you should see immense signs of instability in the World... oh, sorry that has happened already in Egypt and Tunisia... and if I am correct the full effect of the US Dollar collapsing will probably happen in seconds in 2012 if they most of the Central Banks of the World can get out of US Dollar in 1 years time. Sad to say NIA has got some article that China is selling the US Dollar and buying commodities with that US Dollar to reduce their risk to a falling US Dollar.

[ugonow]

I won't be coming back to the US anymore if the US Dollar collapse, the US Government will become a Dictatorship or a Communist Government

WILL? It already is with the shadow government,fema camps,death panels and all in place.

[verrip1]

because there seems to be NO BUYERS for US Treasuries.

I notice that outrageously ignorant assertions largely go unnoticed.

[jkapp]

One positive note is that no other country has a much better currency than ours...European countries are currently more leveraged against their GDP than we are. The only one that stands a chance is the Chinese Yuan, but whether or not they can continue to manipulate it if the US Dollar crashes remains to be seen

[formerexpat]

I'm reading the opposite from sources that are widely considered the brightest minds in the financial world. The greater concern is in Europe. How many of those chips have to fall in the EU before Germany takes their ball and goes home?

[anonymous888]

Thanks for the posts patsatb, ugonow, jkapp and formerexpat.

As for verrip1, if you still believe that inflation is almost 0% like Ben Bernanke, then something must be wrong with you or you are working for the Government or Federal Reserve or Wall Street (the 3 Unholy Trinity). 70% of the US Treasuries are being bought by the Federal Reserve (the Government's Banker and the only entity allowed to issue US Dollar) and now the amount has gone up to 90% recently if the data I am getting is correct.

[Deleted]

Iraq was fought in part to save our reserve status... that worked out well... huh...

Where exactly are you getting that data anonymous?

[hello fromWarsaw]

TY George Bush...you are sorely misled, dittoheads.Without the Dems we would have had ANOTHER Pub great Depression. Unbelievable how fear mongered and ignorant you are. Oh, sorry.

[floridayankee]

Feb 18, 2011 16:05:34 GMT -5 @patstab said:

WILL? It already is with the shadow government,fema camps,death panels and all in place.

And who did that? bush

Good lord, the left is still whining that it's all Bush's fault?

lmao...at least you all are consistent.