Posts tagged: Federal Reserve

Video: The Death Of King Dollar: “This Could Happen As Soon As 2018”

The Death Of King Dollar

Despite continued assurances about America’s economic strength and global influence, scores of nations around the world are rapidly divesting themselves from their dependency on the world’s reserve currency as a mechanism of exchange. The key players, Russia and China, are actively developing entirely new systems of trade with numerous partners that include countries from the middle east, Asia, and South America.

These major strategic moves, trade agreements, and partnerships are being marginalized by mainstream American news sources, or are simply ignored and never shared with the public. The end result for Americans’ way of life will be nothing short of disastrous as the eventual outcome leads to an implosion of our economy and the destruction of one of the most influential currencies in human history.

Watch: The Death of King Dollar (via Crush The Street)

Interest rates could easily rise high enough that the U.S. government would have to spend half of its income just to pay for the interest on previous borrowing. This is why the Fed will say and do anything to keep interest rates low.

Many large countries have been making major moves in the last five years to stop transacting in U.S. dollars.

King Dollar is truly dying.

In addition to this, less U.S. oil imports mean less dollars going abroad, which means more dollars are coming back inside of the United States. This will inevitably cause additional inflation that has been overdue, as America’s money supply has more than doubled in the last ten years.

Estimates put more than half of U.S. dollars as being held abroad. It will be devastating to the value and stability of U.S. currency and domestic economy when these dollars return.

The reality is the U.S. will surely lose its reserve currency status… Some economic analysts are even saying this could happen as soon as 2018. There are an infinite number of unexpected shakeups that could happen around a dollar collapse, from the U.S. backing its currency with oil to a major war breaking out.

As noted by the free report from Crush The Street:

“The world is rapidly changing and the U.S. dollar has enjoyed the benefits of being used as the world’s reserve currency, but history tells us that things will change and evidence is showing that it will likely be sooner rather than later.”

Indeed, the time to prepare for a coming global paradigm shift is now.

By Mac Slavo

www.shtfplan.com

The Good Old Days Are Over

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Do you remember “the good old days”? It’s a simple question, but a question that induces different images to different people. I have found myself spending a lot of time lately thinking of the way things used to be and hoping that someday our country can somehow get back to those days again. Looking at our current state of affairs in this nation and around the world, there is only one conclusion that can be made…the good old days are over.

I wrote this article because children being born today, in my opinion, will not be able to look back and remember the near future as “the good old days”. As I write this, the US national debt is at $16.2 trillion with unfunded liabilities of $123.3 trillion. With Uncle Ben’s QE3 promising to print fiat money perpetually can there be any doubt that the days of the US dollar being the world currency are numbered. Everyone reading this article has a share of $442,881 of the nation’s debt and liabilities. If your children or grandchildren can’t read yet, please tell them that they also owe $442,881 as well and thank them for supporting our wasteful spending that got us to this point. Source: http://usadebtclock.com/

But don’t worry, there are elections coming. Surely the American public can see the dire straits our nation is in and elect leaders who can recognize and deal with the nation’s problems and bring us back to becoming a nation of producers instead of consumers, right? Leaders will be elected who will make the extreme sacrifices necessary to bring forth a United States where the outstretched hands of the masses will be filled with charitable donations from a robust society instead of being empty, waiting for them to be stuffed with their entitlement from the government, all the while feeling as though they earned it because they stand unproductively on dirt within our border.

I have to apologize for the last paragraph; I have always wondered what it would feel like to write fiction. The hard cold reality is that there is no possible orderly way out of the financial mess our society is in and the above mentioned dirt was probably the last thing made in the USA. To break it down simply, here are some simple and easy to understand economical facts:

1. You need to produce more than you consume or you are broke.

2. You cannot pay off a credit card with a credit card without consequences.

3. There is no possible way the nation’s debts and unfunded liabilities will ever be paid.

Currently, the Federal Reserve purchases the vast majority of the US Debt. There simply aren’t many buyers left who believe it to be a sound investment anymore. In 2011, congress waited until the last minute to raise the debt ceiling after much political wrangling back and forth. Was there ever any doubt by anyone that it would happen? Is there any doubt that it will happen again? What happens when it hits $50 trillion? As long as we have the ability to continue to print more money to fund our yearly deficit and make payments on the interest of existing debt, it will continue. As it continues, the US dollar will continue to be worth less and less. Commodities such as food, gas and all physical goods purchased will get more and more expensive, leaving less and less purchasing power for the American people.

You don’t have to be Nostradamus to predict that we are on the cusp of a major financial collapse. I’m not only talking about the United States, I’m talking about the world. The can has been kicked down the road almost as far as it can be kicked and we just passed a dead end sign. We will soon see massive inflation or hyperinflation, riots in the streets as we have seen around the world and as I have heard stated many times, people with nothing left to lose will lose it.

So what can we do? The answer can be summed up in one word. Prepare. Prepare as though it may happen tomorrow. Prepare as though your life and the lives of your loved ones depend on it because it does and they do. Start exercising and working out to prepare your body for the tough times coming. Prepare yourself mentally so that when it hits the fan you don’t find yourself in the panicked state that 95% of the public will be in. Prepare to be warm when it is cold outside or cool when it is hot outside. Prepare a plan of what you and your family will do at different levels of collapse. Prepare to eat when grocery store shelves are bare. Prepare to drink when the tap fails to deliver water. Prepare for what to do when your neighbors or family or friends show up at your doorstep because they were too busy watching television. Prepare to defend what needs to be defended. Prepare prepare prepare.

Realize that at this point there is nothing you can do about the debt of this nation. There is nothing you can do to change what is coming in the Middle East. Regardless of the result of the upcoming election, neither candidate has dared utter the words broke or sacrifice. Your only job at this point is to get yourself and your loved ones you choose to help through what is coming, whatever it may be. This isn’t being selfish. This, my friends…is survival.

I truly believe that when the dust settles, we will emerge as a great and free nation. Life will be hard, but there will be more meaning to the tasks of the day. Communities will be stronger. People will be healthier. Families will be closer. To get from this point to that, there will be much misery, but the greater the struggle, the greater the victory. It is up to us in the prepping community to get our families and loved ones through the upcoming collapse. I pray that someday, my children and grandchildren will be able to look back and say “Those were the good old days.” because I chose to prepare.

Proverbs 22:3 A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.

Take refuge, my friends.

God Bless,

By Norse Prepper

www.shtfplan.com