Why U.S. Dollar Will Absolutely Collapse: What Losing Global Reserve Currency Means
Unless you’ve been living under a rock the last two or three years, it’s been almost impossible not to hear about how there’s a global economic collapse of some kind coming in the near future. Even if all you’ve heard about the coming collapse has been William Devane’s gold pitch for Rosland Capital (seemingly every other commercial on television), odds are you’ve heard at least something.
Unfortunately, often due to no fault of their own, many Americans haven’t been taught economics, so they don’t really pay much attention to news that comea out regarding a coming global collapse, especially not when the President of the United States keeps telling them we’re in a “recovery.” If there was something people needed to know, our always honest and truthful politicians, or the mainstream media would tell everyone right? Wrong.
Since it shouldn’t be that hard to get general information in a straightforward manner regarding an issue that concerns all Americans, but yet it is anyway, the following video explains the basics of what people need to know about the coming global reset, and does so using very simple to understand layman’s terms. The following video will answer questions like:
- Why is the U.S. Dollar the Global Reserve Currency, and how does that status affect every day Americans? What are the benefits to Americans?
- What impact will it have on every day Americans if the Dollar loses it’s status as the World Reserve Currency? What could cause that, and how likely is it to happen?
- What proof is there that the Dollar is on the verge of losing its status as the World Reserve Currency, or on the verge of collapse? If this was serious, why hasn’t the mainstream media said a thing about it?
- If the Dollar does collapse, what does that even mean? How does that impact my daily life? Should I be doing anything to prepare?
Because our education system and the mainstream media are both so awful when it comes to giving people accurate and reliable information, a growing sentiment has begun to pick up steam around the country that has people starting to believe that Donald Trump has the ability to stop the imminent collapse of the U.S. Dollar and make everything wonderful again, however nothing could be further from the truth.
That’s not a knock on Donald Trump, because many of the decisions leading up to the pending collapse were made decades ago, and any chance to right the ship is long gone at this point. That ship set sail long before Donald Trump came on the scene. In the following video, Peter Schiff does an an excellent job of explaining that it makes no difference who is in office, because no one person can stop the collapse that’s coming.
Peter explains that even if Donald Trump does everything right, there is going to be an enormous amount of pain and suffering before anything gets better (and that’s assuming Trump aims to fix the problems, not just paper over them). In fact, a good argument could be made that if Donald Trump does make all the best choices for the nation as whole, starting with forgetting about the $1 Trillion infrastructure plan we cannot afford, there would be so much pain that Americans would never re-elect him.
To borrow an analogy that Peter Schiff uses quite often, with our country’s habit of living way beyond our means, the United States is like a drug addict, but instead of being addicted to drugs, we’re addicted to cheap money, only there’s no cheap money left. To save our country, we need someone to drag us to rehab, but rehab can be very uncomfortable or painful. Over the long term, of course rehab will be infinitely better for us, but Americans aren’t in the habit of thinking long term, or thinking past ME, and RIGHT NOW.
Considering how many Americans are buying into the delusion that Trump is going fix everything, it’s clear that many are not bracing for rough times ahead. That alone, is a very dangerous mindset for people to have right now…
For those of you who are finally starting to realize there is major trouble on the horizon, largely as a result of the corruption within our own government and the 2016 election, the failure of the U.S. Dollar and Western banks, deteriorating conditions here domestically, or perhaps even because of nuclear tensions reaching all new heights, then I suggest you get your FREE GUIDE for how to survive Martial Law here, because if/when things begin to go south, by then it will be too late to do anything about it.
For anyone with no idea where to begin making preparations, a very good, and very inexpensive tool to teach you how and what you should be preparing, is a book called “Conquering the Collapse.” Since I’ve practically worn out my own iPad reading my copy, in the following link I provide you with a review of the book: Be Ready For Any Emergency – The Crucial Guide For Any Family’s Safety (Videos).
If you do nothing else, you can learn more about the coming crisis in the links at the bottom under the heading titled, “If nothing else, these links are essential.” The writing is on the wall everywhere… I strongly suggest checking out the post titled, Start “Doubling Up On Your Prepping;” Countdown to Economic Collapse.
During the final days of World War II, 730 delegates from 44 countries met at the Bretton Woods Conference with one goal: To develop a new, more stable, international “reserve currency.”
When the meeting ended, the U.S. dollar was crowned as that new, more stable, “reserve currency”… a position it still holds today.
This crowning has given Americans a huge advantage over the last several decades. In short, the food we eat, the gas we pump, and the clothes on our back are cheaper because the dollar is used to set prices for many of these items.
However, the dollar’s reign as the “reserve currency” is coming to a sudden end, very soon, according to several experts.
“There’s a huge bubble with the dollar,” says Former presidential candidate Ron Paul, “The fundamentals are a disaster.”
Renowned investor Jim Rogers adds, “The U.S. dollar… is a terribly, terribly flawed currency. The U.S. dollar is not a safe haven.”
And economist Jim Rickards writes, “The coming collapse of the dollar and the international monetary system is entirely foreseeable… Only nations and individuals who make provision today will survive the maelstrom to come.”
Mind you, it’s not just politicians, famous investors and economists who believe the dollars days are numbered…
The United Nations Conference on Trade and Development denounced the dollar saying “the current system of currencies and capital rules that binds the world economy is not working properly….”
Most frightening of all though is the warning from one famous economist, James Dale Davidson. He boldly states …
“We could see the death of the dollar as soon as 2016,
and there is nothing President Obama, Congress,
or the Federal Reserve can do to stop it.”
Yes, the U.S. dollar could lose its world’s “reserve currency” status in 2016.
When this happens, and it will, the prices of everything will get very expensive, very fast.
In short, the prices of the food we eat, the gas we pump, and the clothes on our back will skyrocket.
We will go from deflation, to hyperinflation.
And that’s just the start.
As Davidson explains, “This is a landmark development that I am convinced will trigger the greatest depression we’ve ever seen. Yes, worse than the 1929 Great Depression.”
Unfortunately, Davidson’s warnings can’t be dismissed. He has a remarkable track record of calling every major economic shift over the last three decades.
For example, Davidson predicted the stock market collapse of 1999 and 2007, along with the fall of the Soviet Union and Japan’s economic downfall, to name just a few.
His predictions have been so accurate, he’s been invited to shake hands and counsel the likes of former presidents Ronald Reagan and Bill Clinton — and he’s had the good fortune to befriend and convene with George Bush Sr., Steve Forbes, Donald Trump, Margaret Thatcher, Sir Roger Douglas and even Boris Yeltsin.
And now, in a new controversial video, Davidson shows irrefutable evidence for this collapse (he uses over 20 unquestionable charts to prove his point).
“I know that everywhere you turn things look pretty good,” Davidson goes says in the video, “The market is near all-time highs, the dollar is strong and real estate is booming again. But remember, the exact same scenario played out in 1999 and 2007. The economy is unraveling right now, and fast. Very fast.”
Davidson warns that a 50% stock market collapse is looming, that “real estate will plummet by 40%, savings accounts will lose 30% and unemployment will triple.” (To see Davidson’s research behind these predictions, click here.)
And although our future may seem bleak, as Davidson says, “There is no need to fall victim to the future. If you are on the right side of what’s ahead, you can seize opportunities that come along once, maybe twice, in a lifetime.”
Indeed, in his video, Davidson reveals what he and his family are doing to prepare right now, and even profit. (It’s unconventional and even controversial, but proven to work.)
While Davidson intended his video for a private audience only, original viewers leaked it out and now tens of thousands are downloading the video every day.
With his permission, I reposted the video below. To start the presentation, simply click on the play button
Article posted with permission from The Last Great Stand. Article by Michael DePinto.