Is the end nigh for the dollar?

[Driller]

I've never heard of Bill Bonner or Agora Inc. but this makes for fascinating watching:

http://pros.bonnerandpartners.com/1606BBLFALLDWN19...

[AndrewEH1]

How long is that terrible video? Only 30 minutes so far and no actual answer, just complete dribble.

[Driller]

Well as you could probably guess he's selling a book but I still think it's an interesting and plausible mechanism that he presents and his credentials appear to be proven.

[Laurel Green]

One can buy a book of his but, the booklet that explains what you should do is free (so he says) I just think it has to be the longest advert in history (presume he wants folk to sign up to his company).

[AndrewEH1]

Laurel Green said:

One can buy a book of his but, the booklet that explains what you should do is free (so he says) I just think it has to be the longest advert in history (presume he wants folk to sign up to his company).

Over an hour watching this bloody video and he still hasn't told me how to sign up. Not a very good salesman!

[Driller]

AndrewEH1 said:

Laurel Green said:

One can buy a book of his but, the booklet that explains what you should do is free (so he says) I just think it has to be the longest advert in history (presume he wants folk to sign up to his company).

Over an hour watching this bloody video and he still hasn't told me how to sign up. Not a very good salesman!

Not a good salesman and yet you continued watching for an hour?

[AndrewEH1]

Driller said:

Not a good salesman and yet you continued watching for an hour?

No, I just enjoy watching tinfoil-hat type videos haha

[Driller]

So do I, interesting isn't it?

[Laurel Green]

AndrewEH1 said:

No, I just enjoy watching tinfoil-hat type videos haha

Ah, could be onto something here. Booklet tells to purchase gold - six months later he sells addresses of those whom received booklets to gold robbers.

[AndrewEH1]

Driller said:

So do I, interesting isn't it?

I wouldn't call it interesting. Funny he only accepts credit cards on the subscription page...don't think he understands satellite communication either.

[Driller]

Cor you grumpy bleeders!

[jeff m2]

Snake oil.

[jjlynn27]

'Urgent Public Announcement'?

LOL, took 3 secs to switch that off.

[ATG]

Is the end nigh for the dollar? No, it's the world's reserve currency, it's used to price commodities across the planet, and many governments and companies issue US dollar debt to finance themselves. Haven't watched the vid, but if someone is claiming the dollar is going to lose that status any time soon, they are deluded or trying to rip someone off.

[Driller]

Watch it, his argument is logical and it's interesting

Also, as I said before, you can't fault his pedigree.

[ATG]

Driller said:

Watch it, his argument is logical and it's interesting

Also, as I said before, you can't fault his pedigree.

What pedigree? He claims he predicted stuff that loads of other people also predicted.

I've just read a chunk of his essay. He waffles on for ages in a style that is absolutely typical of bullst salesmanship before finally getting to the point that the amount of physical cash in circulation is small compared to the volume of transactions. This is completely normal and no threat at all. The way things are heading with debit and credit card payments and Internet transfers, physical cash is becoming increasingly redundant.

If that's the basis of his prediction, then he's talking out of his hoop. I gave up reading at that point.

[anonymous-user]

Fractional reserve banking, which is the system we all live by, by its very definition means there is less real money in existence than is in circulation in the economy.

If the banking system ever had a proper run on the banks, then they couldn't provide the funds, which is where the lender of last resort would step in and either write off all the missing money, so everyone loses, or prints new money out of thin air.

We all live by the acceptance of an illusion.

[Bodo]

He does talk a lot about what they predicted right - but no mention about what and how many they predicted wrongly.

Also, from the scenario he describes, why would only the US$ be concerned, but no other currencies?

[skyrover]

It plays to american insecurities.

He may well have a point though.