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Waiting for a previous post of mine to clear moderation.

He wrote that years ago. He subsequiently expanded that into book form, Reinventing Collapse: The Soviet Experience and American Prospects. He also has a newer book out, titled The Five Stages of Collapse. Of course nothing he writes should be taken as gospel truth and it's a matter of picking...

No, they're not meaningless. Your investments in dollar-denominated instruments are going to take a major hit. It does matter. And the comparison with the Soviet Union is apt for the following reasons: 1) Both countries living beyond their means. The Soviet Union had a dilapidated and...

I'm not the one talking of "global economic collapse." Merely that the current dollar-dominated system is coming to an end -- which will involve some disruption and discomfort in the USA and countries that use the USD (Panama and Ecuador). The rest of the world will be affected in some small...

First of all, this "total collapse" if it occurs will occur only in the USA and only for a short period. New barter and trade arrangements will rapidly emerge to take the place of the old dollar-based system. And this will probably occur within months. Something along the lines of what occurred...

Another brain-dead post. What did I say? "Is going to be worth" isn't the same as "is worth."

You're not getting the message, though I've said it more than once: the world isn't coming to an end. The dollar-based world financial system is coming to an end even as I write. Either you're being disingenuous in deliberately misinterpreting what I'm saying or you're just plain obtuse...

You're obviously a troll and one who doesn't know the first thing about the way the world operates. But for the benefit of others, most US multinationals have the majority of their business outside the USA -- in terms of both production and sales. Coca Cola, McDs, Intel, and Motorola won't cease...

That's my thinking. Others may have a different opinion. Good for them. My thinking -- for what it's worth -- is that a US $100 bill is going to be worth as much as a 100-rouble note of the Soviet Union after it collapsed. What maintains the value of the dollar is the USA's ability -- backed by...

An examination of the great man's great speech: http://blackagendareport.com/content/american-state-union-festival-lies http://www.wsws.org/en/articles/2014/01/30/pers-j30.html

Beats me. All I know is it's had value over millennia. If and when there is a crisis of confidence in fiat currencies (the USD foremost among them), I have a feeling that gold will maintain purchasing power better than fiat dollars. Now I'm not sure of this -- gold may also not preserve...

You're right but delaying the inevitable is the name of the game right now. The US establishment is so ossified and paralysed that it can't do anything other than buy time for itself a day, a week, and a month at a time. Aagain, there are historical precedents for ossified and paralysed empires...

Heck, that $450bn Fed purchase of US Treasuries is just providing a bit of liquidity to the market.

I didn't vote for the great man in either 2008 or 2012. My folly.

So I'm "wrong" but you concede that the Fed does buy US Treasuries? Where's my error, then?

Absolutely. But people are getting jittery. The US government is getting jittery. And circumstantial evidence suggests it's been rigging the price of gold to stop a stampede out of the dollar.

And who do you think buys those T-bills these days? China? Few foreigners wants to buy new US debt and those holding it are trying to figure out how to unload it on some other poor sucker. The US Treasury "auctions" off those securities but since few are dumb enough to bid for them, the US...

Obama looked presidential, he looked dignified, and his speech was stirring.

The key question is: Did he look presidential? This is the question the pundits will be asking one another.

The days of the dollar as reserve are running out and others countries are already making alternative arrangements for bilateral trade -- e.g., clearing imbalances with gold. The world financial system based on the dollar is coming to an end -- and that's as it should be. Everything has a life...