| 6/22/2014 7:21:40 AM |
Are Pennsylvanians Ready for the Collapse of the US Dollar |
|
didymus56
Myerstown, PA
61, joined Feb. 2014
|
I realize this group doesn't like to be serious, but you better get serious. On July 1st, a portion of a Federal Law that was enacted in March 2010 will go into effect that, unless something is done, will usher in the collapse of the US Dollar.
The Law is known as HR 2847. It is called, "Hiring Incentives to Restore Employment Act" (or HIRE). The portion of that Act that goes into effect on July 1st is called, "Foreign Account Tax Compliance Act" (known as FACTA).
There are several things that are converging together that is and will cause the collapse of the US Dollar. 1st, the dollar has been continually devaluing for a long time to the point is is worth 4 cents if 1913 is the based year. What that means is it takes about $25 to buy what $1 bought in 1913. 2nd, the Federal Reserve did what is called "Quantitative Easing." They did this twice. What they did is flood the markets with 2 trillion dollars each time of paper money and propped up the markets with it. There was talk of doing it a third time, but I am unaware if they did. 3rd, the US Dollar has been the world's reserve currency. That's beginning to change. The reckless spending and bad economic policies have so damaged the US Dollar that the rest of the world is beginning to abandon it as the reserve currency. Do you know what will happen when no one no longer wants the US Dollar? It will devalue further than what it already has. It's rule of supply and demand. When the supply of a commodity is much higher than the demand, that commodity is devalued. These things have already place. China, Russia and South Korea are working on a currency partnership where they will abandon the US Dollar as reserve currency. Some countries are clamoring for and international currency to replace the US Dollar as reserve currency. So, the world is already making plans to abandon the US Dollar.
Now here comes FATCA. This Law will go after people that have off shore accounts and tax them at 30%. They will also inform other countries of the about what foreign investors are doing with their money. What this is causing is that those people with foreign accounts are exchanging their US Dollars for foreign currency, or investing in something else of value in foreign markets. In short they are abandoning the US Dollar. And, because of reciprocal reporting, foreign investors will pull out of the US Market. What will happen when foreign investors pull out of US markets? Or what will happen even if America's investors flee US markets? The result will be a crash in the market which will result in a monetary crisis that will make the great depression seem like a Sunday School picnic in comparison. Adding to that the world is on the verge of abandoning the US Dollar as the world's reserve currency. What will that do to the value of the dollar and our economy? It will be destroyed. It's a s simple as that.
You may wonder, what that have to do with Pennsylvania. Pennsylvania is part of the US economy. If the American economy is destroyed, so will the Pennsylvania economy. I have several articles about this problem, and proposals for what Pennsylvania can do to protect the people of Pennsylvania. You can see them here: http://thesqueekywheel.freeforums.org/politics-f5.html
Meet singles at DateHookup.dating, we're 100% free! Join now!
|
| 7/15/2014 12:45:21 AM |
Are Pennsylvanians Ready for the Collapse of the US Dollar |
|
redlighthouse
Kempton, PA
48, joined Mar. 2013
|
America ....aren't we in a dictatorship????.....
|
| 7/18/2014 1:11:29 PM |
Are Pennsylvanians Ready for the Collapse of the US Dollar |
|
holdyrground1
Butler, PA
37, joined Jan. 2014
|
This nation is doomed. all we can do is buy seeds and guns and bullets. and stop electing rich men as our government leaders.
only professors with 20years of teaching can be candidates.
pass on this idea. for mass contemplation haha
|
| 7/19/2014 5:36:11 PM |
Are Pennsylvanians Ready for the Collapse of the US Dollar |
|
lynch570
Tobyhanna, PA
39, joined Sep. 2013
|
We are rotting from the inside out. Our country is turning into a 3rd world shithole. Just look at areas like Scranton, Reading, Wilkes Barre, and Hazelton. These areas look more like Mexico than America. Very sad indeed.
|
| 7/23/2014 2:22:11 AM |
Are Pennsylvanians Ready for the Collapse of the US Dollar |
|
redlighthouse
Kempton, PA
48, joined Mar. 2013
|
Thought it already did my money only gets me a few pitins.
|
| 7/25/2014 3:49:07 AM |
Are Pennsylvanians Ready for the Collapse of the US Dollar |
|
timo83
Greensburg, PA
34, joined Mar. 2014
|
thank u politicians.....
|
| 8/8/2014 7:42:26 AM |
Are Pennsylvanians Ready for the Collapse of the US Dollar |
|
sillylaugher61
Murrysville, PA
56, joined Aug. 2011
|
I have more news. In 2017, .41 cents out of EVERY dollar that goes for education will be used to pay for pensions!!! Worse you should start expecting your school taxes to
DOUBLE every year after'17! Our teachers pension fund is NOT SUSTAINABLE!!!!
Stand up for our students and demand that the PAYROLL PROTECTION ACT become law and help
to loosen the grap that UNIONS have over our kids!!!!
|
| 8/15/2014 7:14:32 PM |
Are Pennsylvanians Ready for the Collapse of the US Dollar |
|
bvic
Dalton, PA
43, joined Jun. 2011
|
Fiat system
|
| 8/16/2014 7:51:52 AM |
Are Pennsylvanians Ready for the Collapse of the US Dollar |
|
singlean2
Mechanicsburg, PA
50, joined Jan. 2013
|
Get off the grid 
|
| 9/12/2014 9:38:07 PM |
Are Pennsylvanians Ready for the Collapse of the US Dollar |
|
sillylaugher61
Murrysville, PA
56, joined Aug. 2011
|
I think people need to understand that their property taxes here may start to double every year starting in 2017! you think that you pay too much now, then worry if Tom Wolf
gets elected as Gov!
Along with your school taxes doubling each year, Mr. Wolf wants to raise taxes on
your garbage, energy, personal income plus he wants to eliminate the lower taxes
that married people pay!
People it is time to wake up !!!!!! don't believe Tom Wolf. He is a HUGE OBAMA FAN!
|
| 11/17/2014 11:41:22 PM |
Are Pennsylvanians Ready for the Collapse of the US Dollar |
|
7stryker1
Lancaster, PA
46, joined Nov. 2014
|
It surprises you that our dollar isn't worth a dollar anymore I knew that years ago all of our new money is made in china like everything else in this country the new pennys, nickels and dimes feel as fake as the dinosaur coins I got free out of my cocoa pebbles when I was a kid it seems to me that america likes anything thats cheap and the old saying goes "you get what you pay for" the same goes for voting to me all politicians will shake your hand and smile then stab you in the back 
|
| 11/25/2014 6:07:05 PM |
Are Pennsylvanians Ready for the Collapse of the US Dollar |
|
spank16648
Hollidaysburg, PA
57, joined Nov. 2014
|
It's sad when people talk about finance and don't understand how the value of the dollar changes little each year. Almost everyone outside of this country what's our dollars. That is why our dollar is valued so high. Yes things cost more each year but the people of this county make more money to each year. If you want to change something limit profits to 10% over inflation. Then product cost will go down.
|