kowenicki said:
snakenobi said:
kowenicki said: I look forward to hearing your explanations as to why the financial world didn't end by the time you say it will. By this time next year, according to you, the western world will be an anarchic mess, as the dollar and the euro have collapsed and we are fighting on the streets for bread. You seriously believe that?
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and you seriously don't believe it?
i didn't say dollar will collapse next year,time will be uncertain.
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There is a difference between the Euro collapsing (losing the majority of its value) and being disbanded, reduced... explain which you mean.
And you said shortly after for the dollar collapsing... I assumed you meant within the same calendar year... But as you are such a sage on these matters, I'm sure you wont mind giving a date.
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i meant disbanded.but if it was disbanded then it would more of a new courrency overall as new laws will have to be implemented to suit the new structure if a few countries like germany and frace keep it.
and if the other economies fail,it will have an impact on better economies as well as they need consumers.
and better economies are still carrying inflated debts.and if the world goes to sdr or gold standard.then those inflated debts will be too big.
as for dollar collapse,it depends upon the events of next year.as dollar is still the reserve currency so they can print their way out of it.just that it will buy less products.
iran war,euro collapse,how well developing economies are able to take the load,it will depend on these issues.