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Title: The inevitable collapse of the dollar

Added: Sep 14, 2007

Author: GHoeberX

Duration: 7:6

Description:
The current account deficit:http://en.wikipedia.org/wiki/List_of_countries_by_current_account_balanceSummary:Americans are living beyond their means and Asia is currently financing that. But eventually the Asians/Europeans will stop financing the USA and then the bubble will burst. Also check out the 1-minute video which I'm responding to for a quick explanation

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Channel: News

Tags: us  dollar  collapse  crash  crisis  recession  economic  economy  currency  euro  financial  market 



us  dollar  collapse  crash  crisis  recession  economic  economy  currency  euro  financial  market 

Youtube Comments: 6434

sonnybrown Says:

Apr 3, 2012 - Nice vid! What is that awesome song you used in the beginning btw?

HDTVJunkie Says:

Apr 7, 2012 - The 4.5 trillion is from 2007, the last full boom year and includes oil and military hardware exports. What the heck is "in terms of value" other than the total sum of what the world is willing to pay for commodities in this context?

HDTVJunkie Says:

Apr 7, 2012 - Barbarians at the gate! Hope they're better equipped than the last time they walked the Earth.

mang8219 Says:

Apr 7, 2012 - And here we are, around 4,5 years later and: nothing happened...There are too many (external) factors in the global-economic context that the Dollar will not collapse, let alone in the way it is shown in clips like these. - China will not allow it, has hundreds of billions of Dollars in reserve / bonds.- America 'll reduce substantially the amount of dollars ASAPand/or the FED will buy up as much as possible- A falling dollar means for non-dollar countries (much) cheaper oil....

mang8219 Says:

Apr 7, 2012 - .... and effectively less bang (purchasing power) for the buck or should I say barrel o' oil.- American goods'll become (much) cheaper; good for the exports position and more foreign tourist will visit America due to a cheaper holiday, etc. - And last but certainly not least (and this is in turn of course not quite acceptable for China) de devalueing or hollowing-out of the National/ Federal American debt.

mang8219 Says:

Apr 7, 2012 - In short, don't unneccesary worry, it will always find a balance. And the world today is much, MUCH different and more sophisticated / developed than the situation at the en of the (roaring) twenties last century.....

mang8219 Says:

Apr 7, 2012 - Oh oh wait, one more thing that 'll also help tremendously in these times:Vote (or even inpeach) Obama OUT of the White House !!!

TheIxtlan Says:

Apr 11, 2012 - The US Dollar collapase will be cause by dementors.

YouLoseByDefault Says:

Apr 17, 2012 - In short, america's "official" debt is now approaching $16 trillion.In short, america can never pay back its debt.In short, america is already done, finished, bankrupt, and proven a loser on this planet.All that's left is China ditching your worthless piece of shit dollar.Next?

YouLoseByDefault Says:

Apr 17, 2012 - The US Dollar collapse will be caused by the demented. That would be americans.

kebab101 Says:

Apr 19, 2012 - that is so true

richiereed50 Says:

Apr 28, 2012 - @Genius .. If the dollar is going to collapse, then what reserve currency will replace it? The chinese Yuan? The rise of China is becoming more of a myth, just like the hype with Japan. Even when the US was in a recession, Central bank reserve investments increased; given that, please tell me the signs of the US dollar collapsing. Furthermore, China ran a Current account deficit last quarter, meaning the devaluation policy will not sustain. An appreciated yuan means less us debt

onenickelmiracle Says:

Apr 29, 2012 - It is not in their best interest to admit it, that's all.

kevboslice112 Says:

May 4, 2012 - jesus christ i hope i at least get to finish college before this happens

monsterrun Says:

May 4, 2012 - what a real american do? stay in america and expose the criminal that stole america wealth since 1913. Fight for the americain country instead of runing away like a the cowards elites.

monsterrun Says:

May 4, 2012 - like your college is going to help you at all.

kevboslice112 Says:

May 5, 2012 - if you say so : )

BeWhatYouWanta Says:

May 12, 2012 - The only way we can ever prepare and prevent another economic collapse is if the world knows truth. The truth is what we all have in common. Google 'truth contest' and click the top result, then open and read "The Present" for truth that will unite this world if it gets to enough people.

32peartree Says:

May 13, 2012 - Do you think the US is going to pay back China - lol. I think China will soon find its self isolated again - probably over Tibet, human rights etc. You can sense the mood change toward China in the media - with more and more negative stories. The new cheap labor zones will be India and Burma. But don't shed any tears for the Chinks - remember that Mao defaulted on China's debts following WW2

YouLoseByDefault Says:

May 14, 2012 - America is not worth fighting for, kid. Sorry. It is now a free-credit-based, manufacture-less, arrogant piece of crap farmland which has convinced its citizens that prosperity is all about loading up their debt.Stop supporting stupidity. Evolution will fucking crush it.Next?

monsterrun Says:

May 14, 2012 - anything is worth fighting for. You may have lost hope and know we lost a lot of battles, but the war isn't over yet.

YouLoseByDefault Says:

May 19, 2012 - I think China will find itself with a shitload of resources. And America will find itself with a shitload of debt, and an arrogant outlook on life. Which is why they are fucking bankrupt.Duh.

32peartree Says:

May 19, 2012 - Remember - you read it here first. America will place China under UN sanctions - as will Europe. China will not get their money back from US and European bonds for another 50 years. A new Cold War is inevitable between the West and the Shanghai Cooperation Agreement countries. But, of course, this default will be done for the most noble of humanitarian reasons - China being such nasty authoritarians. When it comes to the crunch, National survival always trumps the markets.

YouLoseByDefault Says:

May 19, 2012 - Let's get this straight, boy. You are a scared little boy. Perhaps you need to start thinking about why you are the way you are. Just like america. You see, pussy loser breeds pussy loser. Funny how that works, isn't it?AHAHAHAHAHAHAHAAAAAAAA

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