Reader Comments On “Us Dollar Will Devalue By 20% - 30%” Part 1
Us Dollar Will Devalue By 20% - 30% By JC Collins
Reader Comments On “Us Dollar Will Devalue By 20% - 30%” Part 2
Orendareview “It can be expected that the decrease in value will be in the 20% to 30% range. There are a number of reasons this will be the range. The decrease in the dollar will increase the costs of imports for Americans. This increase in import costs will be offset by the increase in domestic production which will unfold from the decrease in the cost of American exports.”
Could this explain the recent massive investment in the development of 3D printing technology over the last few years?
Jcollins The 3D printing revolution will be available for all. Are American companies investing more in this technology than others?
Tony Graupp Greetings again JC.
Well, what I think is interesting is that China is buy 50% more gold this year, than last year, but people want to talk about SDR’s paper money, and not real money…The Shanghai Gold Exchange is selling 40-70 tonnes of gold per week…where as the Comex has a total of less than 11 tonnes of ‘Eligible’ gold to meet delivery demands this whole month..
According to the Financial Times article the ‘piper’ is paying more than spot to get ‘delivery’ gold….in other words ‘backwardation’..
Knowledgeable people would recognize this as an impossibility for gold or silver to be in backwardation….yet the music goes on…believing all is well, when in fact the chimes are ringing the game is over… Take Care Tony
Jcollins There are multiple ways of interpreting that information, and just as many explanations for why it is happening. None of which may have anything to do with gold increasing in value. I do appreciate the input you’ve been contributing though. Keep it coming. It’s great for readers to consider other possibilities.
Dottie Derewicz This entry is awesome. I can honestly say this is the best explanation of what is coming around the bend for the dollar that I have ever read. You have laid everything in a sequence of events that just makes it so easy to understand.
This is why I love your site and I respect your work so much.. I can’t even tell you the level of respect I have for you. Thank you for this entry as I have had a difficult time talking to friends of mine who still are harping on the dollar “collapse”.
Did you say that interest rates in the US will rise in September..did I remember that correctly?
Jcollins Yes, I did. And thanks for the nice comments Dottie.
Safenet Hey J.C, thanks for another beautiful article and it’s amazing that you respond to every question. Lately, I’ve been thinking that the problems in Russia&China are long term and I’m somewhat convinced that Russia, particularly, will disintegrate some point in the future.
Too many problems there and if and once the overly-Putinized Russian dream fades away, Caucasus&Siberia&Tataristan will become a nightmare for them.
Turkey is succesfully being used as a trojan horse in the Southern Corridor to diversify away from Russian gas lately and stir up Turkic nationalism in Russia(Crimea,Tataristan) and to some extent as well. China, has also started to feel local problems in addition to renewed fighting in Afghanistan.
I’m not being naive to claim this is going to stop SDR with yuan from being implemented; on the contrary likes of Asian Currency Unit, or ECU makes more sense to me as they act as anchor for divided & weakened countries,or so I imagine.
Would you agree with such analysis, or am I exaggerating the current events in Russia and China? Dripfood often correctly points out to the emerging city-state structures in the world and this also fortifies my belief. Finally in Turkey, we’re getting our dose of secession and heavy fighting, a Kurdistan state will finally become a reality perhaps by 2020.
Toni Hello. Only as a curiosity: USD will devalue by 20/30% … Ok. Gold will continue to depreciate… Ok and the gold priced in euros, where do you think it could end within a year?. Thanks.
Jcollins Gold will continue to depreciate. A lot can happen in a year. Gold could be added to the SDR. China, and others who are repatriating gold, could place gold on deposit with the IMF instead of the US. Pending any of these things taking place, gold will continue to depreciate. If those things happen it will stabilize.
Bruno de Landevoisin Gold = Goofy? I’m not so sure that’s a fair description of the best performing asset class of the new Millennium which has over 6,000 years of long standing value.
Not to mention acts as the last common denominator of the existing monetary order, once the trust, as well as the existing means of exchange between nations has been violated by grossly issued credit which can never be repaid, Same as it ever was;-)
Jcollins Gold isn’t goofy. Going all in on gold, or anything else, is goofy. The post was pretty clear on that.
Bruno de Landevoisin And, let’s not forget that the SDR is a tool of the IMF which is entirely owned by the Western powers. China would be well advised to stay clear of that malicious monetary club.
Jcollins The fact they’re not staying clear should speak volumes, and validate much of what I state here.
DVDr..... I am a longtime small-scale miner and I never really bought into large advances in the price of gold other than the one that happened in the past decade (+).
There is an estimated 100 million artisanal miners (dis-organized) now that produce 20% of the gold worldwide (WorldBank).
This number of miners would swell greatly if the old workings were to become workable again in a great increase in the price of gold.With it, already known remote deposits also become profitable so their would be an increase in production with the big guys also .
I haven’t seen where these aspects have been covered by those whom call for an exploding price of gold. Seems small-mining would be outlawed in a huge increase of price.
I must say, although, it’s really hard for me to trade some color in for some Yuan…it seems downright backwards and traderous.Something for nothing.
Then again I never made money in anything other than what I do,and just barely… so $1500 come on now, pretty please!
Dottie Derewicz Wow..JC….what is with this article..
Dottie Derewicz I guess the name of the site above should say it all Economic Collapse. The part that kind of jumped out at me was the part that said..Putin is going to pass legislation to ban the dollar..paraphrasing..Where is this coming from JC?
Jcollins What they’re not saying Dottie is that they want to eliminate the dollar in trade by 2025 – 2030. Hardly a panic. Like everything else, these characters take everything and twist it.
Bruno de Landevoisin One last comment, if I may. Gold may well have one final leg down, but I assure you those that are and will continue to do the most buying of the undervalued hard asset are the very same ones driving down the price via the free counterfeit funding to their multinational banking agents, encouraging them to short the existing paper derivatives markets with abandon, in order to drive down the price of physical right into their awaiting hands. Namely the central banks of the world.
They know a monetary reset is at hand, and those are typically not orderly, and nearly always very messy, which is why the last viable common monetary denominator always stands so tall, as the trust between the nations has been ruptured.
For the SDR to truly establish itself, it requires mutual trust and monetary order between the nations, and that will only arise after the coming monetary mayhem storm subsides. In the interim……………Got Gold?