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Topic: Dollar will officially collapse on 1 July 2014?
Sojourning_Soul Joined Fri 02/13/09 Posts: 10767	Thu 04/24/14 11:31 AM
Snopes: U.S. dollar will officially collapse on 1 July 2014? As of July 1st, 2014, US money USD outside US in offshore banking must be reported to IRS... and stiff penalties on International Foreign Banks of 30% if they do not comply. Will lead many and probably most foreign investors to pull out of US. Many have pulled out already. Word is the likes of Buffet and Soros are pulling out their US investments. I hear some of the EU has already pulled out, like Swiss and Germans. Huge ripple effects to Wall Street and US Economy. Progressively will very likely lead to USD Dollar Currency Collapse... see extensive well researched explanation and details here: FATCA International Banking Regulations beginning July 1st http://www.snopes.com/politics/conspiracy/hr2847.asp

Dodo_David Joined Fri 08/13/10 Posts: 48950	Thu 04/24/14 02:42 PM
Snopes: U.S. dollar will officially collapse on 1 July 2014? As of July 1st, 2014, US money USD outside US in offshore banking must be reported to IRS... and stiff penalties on International Foreign Banks of 30% if they do not comply. Will lead many and probably most foreign investors to pull out of US. Many have pulled out already. Word is the likes of Buffet and Soros are pulling out their US investments. I hear some of the EU has already pulled out, like Swiss and Germans. Huge ripple effects to Wall Street and US Economy. Progressively will very likely lead to USD Dollar Currency Collapse... see extensive well researched explanation and details here: FATCA International Banking Regulations beginning July 1st http://www.snopes.com/politics/conspiracy/hr2847.asp Yeah, the Snopes article puts this claim to rest. This item about the passage of H.R. 2847 causing the U.S. dollar to collapse as of 1 July 2014 is another example financial scarelore put out in conjunction with an investment come-on, in this case an ominous sales pitch put out by the folks at Stansberry & Associates Investment Research LLC. And according to Stansberry & Associates, this remarkable, radical collapse of the United States monetary system and "our normal way of life" is going into effect in a mere matter of months (just like a similar recent conspiracy scare about the federal government's plan to eliminate 16 states from the U.S. in the very near future). But wait ... all one needs in order to avoid suffering from this devastating national calamity, one that will collapse our entire monetary system and spell doom for the American way of life, is a little information. Information that can be yours if you'll just shell out $149 for a one-year subscription to Stansberry's Investment Advisory newsletter. In other words, if a financial company spews a bunch of stuff that sounds sufficiently alarming, and then promotes its product as something that will help protect people against this horribly scary thing, it might be able to lure gullible folks into believing that a "fairly easy and inexpensive to protect themselves" against losing their money is for them to send their money to that company instead. And, unfortunately, such schemes work often enough to keep these types of schemers in business.

Sojourning_Soul Joined Fri 02/13/09 Posts: 10767	Thu 04/24/14 02:43 PM
Snopes: U.S. dollar will officially collapse on 1 July 2014? As of July 1st, 2014, US money USD outside US in offshore banking must be reported to IRS... and stiff penalties on International Foreign Banks of 30% if they do not comply. Will lead many and probably most foreign investors to pull out of US. Many have pulled out already. Word is the likes of Buffet and Soros are pulling out their US investments. I hear some of the EU has already pulled out, like Swiss and Germans. Huge ripple effects to Wall Street and US Economy. Progressively will very likely lead to USD Dollar Currency Collapse... see extensive well researched explanation and details here: FATCA International Banking Regulations beginning July 1st http://www.snopes.com/politics/conspiracy/hr2847.asp Yeah, the Snopes article puts this claim to rest. This item about the passage of H.R. 2847 causing the U.S. dollar to collapse as of 1 July 2014 is another example financial scarelore put out in conjunction with an investment come-on, in this case an ominous sales pitch put out by the folks at Stansberry & Associates Investment Research LLC. And according to Stansberry & Associates, this remarkable, radical collapse of the United States monetary system and "our normal way of life" is going into effect in a mere matter of months (just like a similar recent conspiracy scare about the federal government's plan to eliminate 16 states from the U.S. in the very near future). But wait ... all one needs in order to avoid suffering from this devastating national calamity, one that will collapse our entire monetary system and spell doom for the American way of life, is a little information. Information that can be yours if you'll just shell out $149 for a one-year subscription to Stansberry's Investment Advisory newsletter. In other words, if a financial company spews a bunch of stuff that sounds sufficiently alarming, and then promotes its product as something that will help protect people against this horribly scary thing, it might be able to lure gullible folks into believing that a "fairly easy and inexpensive to protect themselves" against losing their money is for them to send their money to that company instead. And, unfortunately, such schemes work often enough to keep these types of schemers in business. Until you read ALL of it.....

Dodo_David Joined Fri 08/13/10 Posts: 48950	Thu 04/24/14 02:48 PM
Snopes: U.S. dollar will officially collapse on 1 July 2014? As of July 1st, 2014, US money USD outside US in offshore banking must be reported to IRS... and stiff penalties on International Foreign Banks of 30% if they do not comply. Will lead many and probably most foreign investors to pull out of US. Many have pulled out already. Word is the likes of Buffet and Soros are pulling out their US investments. I hear some of the EU has already pulled out, like Swiss and Germans. Huge ripple effects to Wall Street and US Economy. Progressively will very likely lead to USD Dollar Currency Collapse... see extensive well researched explanation and details here: FATCA International Banking Regulations beginning July 1st http://www.snopes.com/politics/conspiracy/hr2847.asp Yeah, the Snopes article puts this claim to rest. This item about the passage of H.R. 2847 causing the U.S. dollar to collapse as of 1 July 2014 is another example financial scarelore put out in conjunction with an investment come-on, in this case an ominous sales pitch put out by the folks at Stansberry & Associates Investment Research LLC. And according to Stansberry & Associates, this remarkable, radical collapse of the United States monetary system and "our normal way of life" is going into effect in a mere matter of months (just like a similar recent conspiracy scare about the federal government's plan to eliminate 16 states from the U.S. in the very near future). But wait ... all one needs in order to avoid suffering from this devastating national calamity, one that will collapse our entire monetary system and spell doom for the American way of life, is a little information. Information that can be yours if you'll just shell out $149 for a one-year subscription to Stansberry's Investment Advisory newsletter. In other words, if a financial company spews a bunch of stuff that sounds sufficiently alarming, and then promotes its product as something that will help protect people against this horribly scary thing, it might be able to lure gullible folks into believing that a "fairly easy and inexpensive to protect themselves" against losing their money is for them to send their money to that company instead. And, unfortunately, such schemes work often enough to keep these types of schemers in business. Until you read ALL of it..... I did read all of it. A private company is using fear-mongering in attempt to persuade people to purchase something from that company. Perhaps that company should advertise on this site. After all, this particular forum is notorious for the promotion of paranoia and fear-mongering.

inshape61n Joined Sat 03/15/14 Posts: 101	Thu 04/24/14 03:27 PM
Democrats just want to get their hands on all of that additional money. Remember it was the democrats that gave you both the income tax and Obummercare.

Conrad_73 Joined Sat 09/29/07 Posts: 22488	Thu 04/24/14 03:34 PM
http://www.sec.gov/litigation/complaints/comp18090.htm Stansberry is about as straight as a Barrel of Fish-hooks! according to him,Germany has left the EU two years ago!

Conrad_73 Joined Sat 09/29/07 Posts: 22488	Thu 04/24/14 03:37 PM
Democrats just want to get their hands on all of that additional money. Remember it was the democrats that gave you both the income tax and Obummercare. Money is too clean for what that Trash is after!

lonelyman3036 Joined Mon 08/05/13 Posts: 1590	Thu 04/24/14 03:52 PM
This is just an example of the Hegalian Dialectic.

Sojourning_Soul Joined Fri 02/13/09 Posts: 10767	Thu 04/24/14 04:59 PM
With me this story is not about a company looking to profit off fear mongering a financial collapse as it is the inevitability of a collapse, or correction, whichever label you wish to give it. Something is going to initiate it, and SOON, whether its the BRICs, Russia, concerns related in this story or simply congress going off the deep end. A correction is coming, the door is already open, and passing it off is a foolish move!

alleoops Joined Sat 08/06/11 Posts: 10832	Thu 04/24/14 05:07 PM
This is just an example of the Hegalian Dialectic. Took the words right out of my mouth....

lonelyman3036 Joined Mon 08/05/13 Posts: 1590	Thu 04/24/14 07:42 PM
This is just an example of the Hegalian Dialectic. Took the words right out of my mouth.... people always view it from the standpoint of governmental control, not realizing that is a very effective advertising strategy.

metalwing Joined Fri 11/14/08 Posts: 26218	Fri 04/25/14 09:04 AM
History proves that no country who has outspent it's treasury has survived. The true value of paper money is the heat value to burn it.

InvictusV Joined Sun 11/23/08 Posts: 5282	Fri 04/25/14 10:10 AM
FATCA legislation is predicated on the faulty assumption that foreigners throughout the world with no predisposition to favor the U.S. will react positively to its attempts to convert them into unpaid IRS agents. Faced with similar investment and personnel options without the legal jeopardy and financial risks, reasonable people will choose non-U.S. alternatives. FATCA implementation will constitute a major disruption of the entire international financial world as we know it today. Reasonable persons and entities will develop effective antibodies to this perceived infection, in ways too numerous and manifold to predict. What can be predicted is that the cumulative effect of this legislation will be a major blow to U.S. economic interests and prestige. At stake for the United States is the potential loss of trillions of dollars of investment, the opportunity for American companies and financial institutions to compete in a competitive global environment and the possibility for American citizens residing overseas to survive and thrive. In brief, the economic future of the United States is at stake. http://americansabroad.org/issues/fatca/fatca-bad-america-why-it-should-be-repealed/

inshape61n Joined Sat 03/15/14 Posts: 101	Sat 04/26/14 07:46 PM
With me this story is not about a company looking to profit off fear mongering a financial collapse as it is the inevitability of a collapse, or correction, whichever label you wish to give it. Something is going to initiate it, and SOON, whether its the BRICs, Russia, concerns related in this story or simply congress going off the deep end. A correction is coming, the door is already open, and passing it off is a foolish move! Look for the government to declare a bank holiday on the Friday afternoon after lunch time. Bet that there will also be a small distraction the same time to act as a distraction!

alnewman Joined Sat 12/14/13 Posts: 4009	Sun 05/04/14 11:18 AM
Snopes: U.S. dollar will officially collapse on 1 July 2014? As of July 1st, 2014, US money USD outside US in offshore banking must be reported to IRS... and stiff penalties on International Foreign Banks of 30% if they do not comply. Will lead many and probably most foreign investors to pull out of US. Many have pulled out already. Word is the likes of Buffet and Soros are pulling out their US investments. I hear some of the EU has already pulled out, like Swiss and Germans. Huge ripple effects to Wall Street and US Economy. Progressively will very likely lead to USD Dollar Currency Collapse... see extensive well researched explanation and details here: FATCA International Banking Regulations beginning July 1st http://www.snopes.com/politics/conspiracy/hr2847.asp Daresay, I would agree with their summary: The full implementation of FATCA may, as some critics have maintained, ultimately prove more harmful to U.S. business interests and U.S. citizens living and working abroad than its benefits will merit. But no credible source that isn't an investment firm trying to scare potential customers into forking over money for a newsletter subscription is seriously maintaining that a law passed four years ago will, within the next few months, collapse the entire U.S. economic system, destroy the American way of life, and lead to the imposition of martial law. However, the article is correct in it's statement, just not the cause. A little hint, how can the Fed continue to pump what started out as 85 billion a month and now is supposed down to 65 billion a month into the system and the only general outcome seems to be a robust stock market but no real increase in GDP?

alnewman Joined Sat 12/14/13 Posts: 4009	Sun 05/04/14 12:00 PM
Yeah, the Snopes article puts this claim to rest. This item about the passage of H.R. 2847 causing the U.S. dollar to collapse as of 1 July 2014 is another example financial scarelore put out in conjunction with an investment come-on, in this case an ominous sales pitch put out by the folks at Stansberry & Associates Investment Research LLC. And according to Stansberry & Associates, this remarkable, radical collapse of the United States monetary system and "our normal way of life" is going into effect in a mere matter of months (just like a similar recent conspiracy scare about the federal government's plan to eliminate 16 states from the U.S. in the very near future). But wait ... all one needs in order to avoid suffering from this devastating national calamity, one that will collapse our entire monetary system and spell doom for the American way of life, is a little information. Information that can be yours if you'll just shell out $149 for a one-year subscription to Stansberry's Investment Advisory newsletter. In other words, if a financial company spews a bunch of stuff that sounds sufficiently alarming, and then promotes its product as something that will help protect people against this horribly scary thing, it might be able to lure gullible folks into believing that a "fairly easy and inexpensive to protect themselves" against losing their money is for them to send their money to that company instead. And, unfortunately, such schemes work often enough to keep these types of schemers in business. I would suggest you maintain considerable distance from the financial markets as it is a dangerous place for the uninformed. As for Stansberry, some hate him while many love him, depends it seems on level of intelligence in investing. But personally I believe anyone involved in these rigged markets are a little weak in the head especially if one doesn't have some sort of advisory service to help spot trends, especially in this false inducement of good health.

alnewman Joined Sat 12/14/13 Posts: 4009	Sun 05/04/14 12:06 PM
I did read all of it. A private company is using fear-mongering in attempt to persuade people to purchase something from that company. Perhaps that company should advertise on this site. After all, this particular forum is notorious for the promotion of paranoia and fear-mongering. Read, perhaps but comprehend not. What he states is absolutely correct. Using a marketing tag line to get attention is normal, otherwise it is just a waste of advertizing dollars. However, to anyone caring to check him out would be able to determine if his service was suitable to them and if in doubt, he does offer a full refund after you try the product. And I do disagree with you about the forum, it seems to be heavily weighed on the side of those incapable of thinking for themselves.

alnewman Joined Sat 12/14/13 Posts: 4009	Sun 05/04/14 12:09 PM
Democrats just want to get their hands on all of that additional money. Remember it was the democrats that gave you both the income tax and Obummercare. Very true or in the infamous words of the Jerykll Island crowd, only a Dumbocrat would be stupid enough to sign the Federal Reserve Act, so they backed Wilson and viola, here we are. But the Repugantcants don't have clean hands here as they were in it up to their necks, they just didn't want to sign up for patsy duty.

alnewman Joined Sat 12/14/13 Posts: 4009	Sun 05/04/14 01:27 PM
http://www.sec.gov/litigation/complaints/comp18090.htm Stansberry is about as straight as a Barrel of Fish-hooks! according to him,Germany has left the EU two years ago! Not sure where or how you came to the first conclusion, prejudice because definitely not based on fact. To start, a complaint means nothing, just a series of allegations. To understand what is really happening you need to read the opinions of those mystic idiots in the black robes, and from that it seems tyranny is rampant as usual. SEC v. Pirate Investor But what is most remarkable in this case is this footnote, appellant screwed. We view the facts in the light most favorable to the prevailing party below, in this case the SEC. See Wharf (Holdings) Ltd. v. United Int’l Holdings, Inc., 532 U.S. 588, 590 (2001); Taylor v. First Union Corp., 857 F.2d 240, 245 (4th Cir. 1988). Most favorable to prevailing party, gee I wonder what made them the prevailing party? Nothing like defacto justice. But then comes the Germany claim, a total falsehood. Here is an excerpt of the newsletter of June 17, 2011. I find his prediction to be dead on and still very valid. His only7 error would be the underestimation of the desire and extreme limits the world banks would use to prop up the inevitable crash. The only large sovereign lender with any real credit remaining is Germany, which for political reasons may be unwilling to bail out the entire European banking sector... and even if it wanted to do so, the magnitude of the capital that's needed would push Germany's sovereign debt total to more than 200% of GDP. It is very unlikely Germany will accept this obligation under any circumstance. So what will happen? I see two possible outcomes. First, Germany and two or three other northern European countries might decide to simply leave the euro altogether and use a reconstituted German mark as their currency. The remaining euro countries would then recapitalize their banking systems through inflation and a massive devaluation of the euro, which would no longer be a reserve currency. And Germany even to this day is the only Euro nation not in dire straights, but that will not be so if they remain with the Euro, the will be bled dry. In fact I got a big laugh out of Odumbo and Merkel. Oh what I wouldn't have given to be a fly on the wall for that meeting. Odumbo was not happy. Is Merkel looking to extend trading with Russia, one of their best customers? But then there is the prospect of Agenda 21 that is the child of Siemens, is that the ole worm in the apple? And now that the Euro has been rejected as the next world reserve currency, it will collapse before the dollar. In fact the collapsing Euro will be the domino that starts the whole chain action.

alnewman Joined Sat 12/14/13 Posts: 4009	Sun 05/04/14 01:36 PM
With me this story is not about a company looking to profit off fear mongering a financial collapse as it is the inevitability of a collapse, or correction, whichever label you wish to give it. Something is going to initiate it, and SOON, whether its the BRICs, Russia, concerns related in this story or simply congress going off the deep end. A correction is coming, the door is already open, and passing it off is a foolish move! But the big question is which comes first, the big boom, the bank boom, or the total slavery boom. Well perhaps the last is redundant.