How America Is Losing The Dollar
As the dollar collapses, the affect it will have to the ‘man on the street’ at best will be a substantially lowered standard of living — or at worst it will be a complete economic collapse as the $hit hits the fan while we fall off the cliff into complete and utter social chaos.
I am self-taught in economics out of an interest in self preservation. You see – a number of years ago I took ‘the red pill‘ – and as the veneer of the sugar-coated main-stream financial news propaganda was peeled back to reveal the true predicament of our rigged systems, I instantly became a Prepper.
Over these years I have spent countless hours devouring alternative sources of news and financial-economics information – from all angles and from many viewpoints – in order to self-educate enough to get a ‘gut’ instinct – to establish my own opinion as to what is ‘real’ with regards to the systems that govern and influence our daily lives, be it directly or indirectly.
What I have learned has not made it easier to sleep at night.
What does enable me to sleep better at night are the many aspects of my preparedness – because I strongly believe that during our lifetime we may be drawing on those preps while we struggle to keep our heads above water after some sort of collapse (which may occur quickly, or may continue slowly but surely).
Our current economic condition and decay cannot be hidden and propped up for much longer. One day we will face it and fully reap what we’ve sowed. When that day comes, everyone will know that the $hit has hit the fan. There will be no doubt.
One of the people who I respect for his knowledge and opinion is Dr. Paul Craig Roberts, former assistant secretary of the Treasury of the United States. He speaks in a very candid and logical way, having a lifetime of global economic experience under his belt.
When I watched and listened to the following interview of Roberts and Greg Hunter of USAWatchdog.com, I felt as though Roberts was speaking the exact words of my own opinion and reaffirming what I’ve learned myself regarding the current economic predicaments that we’re in with regards to the dollar and current events which are (and will) take it down.
I couldn’t agree more with what he is saying, and I’m posting it here for your interest (if you’re interested in such things).
Roberts speaks about the current manipulation of the price of gold by the FED and the central banks, and discusses the recent actions of Russia and China as they are rapidly maneuvering away from the dollar – and the implications that it will have on ‘the man on the street’.
It’s coming folks… the collapse of the dollar.
When? Well that’s the question that everyone asks. The way that I answer it for myself is that it could be soon, so I’m planning as such. If it turns out to be a slow demise – then that’s better for me, however being prepared for the worst is how I’m handling it, because I do believe it to be within the realm of possibilities.
The Federal Reserve’s policies are irresponsible and reckless.
They put four or five banks ahead of the entire American population. They are going to save them if they have to drive the rest of the American population into the ground.
Prices can go up hundreds of times – in a short amount of time. It depends on the amount of fear or the extent people leave the dollar and give up on it. This is why the Federal Reserve is so irresponsible.
If you add up the IQ of the White House and you add up the IQ of the Fed and multiply it by a thousand trillion, it might equal 50. These are stupid policies designed to completely destroy the U.S. dollar.
-Dr. Paul Craig Roberts
Here’s more of what Roberts has to say; well worth 30-minutes of your time:
As Paul Craig Roberts points out via The Institute for Political Economy,
Is the US or the World Coming to an End?
It will be one or the other
2014 is shaping up as a year of reckoning for the United States.
Two pressures are building on the US dollar. One pressure comes from the Federal Reserve’s declining ability to rig the price of gold as Western gold supplies shrivel and market knowledge of the Fed’s illegal price rigging spreads. The evidence of massive amounts of naked shorts being dumped into the paper gold futures market at times of day when trading is thin is unequivocal. It has become obvious that the price of gold is being rigged in the futures market in order to protect the dollar’s value from QE.
The other pressure arises from the Obama regime’s foolish threats of sanctions on Russia. Other countries are no longer willing to tolerate Washington’s abuse of the world dollar standard. Washington uses the dollar-based international payments system to inflict damage on the economies of countries that resist Washington’s political hegemony.
Russia and China have had enough. Russia and China are disconnecting their international trade from the dollar. Henceforth, Russia will conduct its trade, including the sale of oil and natural gas to Europe, in rubles and in the currencies of its BRICS partners.
This means a big drop in the demand for US dollars and a corresponding drop in the dollar’s exchange value.
As John Williams (shadowstats.com) has made clear, the US economy has not recovered from the downturn in 2008 and has weakened further. The vast majority of the US population is hard pressed from the lack of income growth for years. As the US is now an import-dependent economy, a drop in the dollar’s value will raise US prices and push living standards lower.
All evidence points to US economic failure in 2014.