The Collapse Of The Dollar

Let's face it, the economy is not recovering and it seems like the last quarter had a negative rate of growth. That means we are in a recession again.
The dollar has become a toxic currency and it will exist only until the countries around the world will keep their trust. Only trust, that's all we have left. There is nothing to back our currency, or at least not enough.
The problem goes back to 1971, when Nixon had the great idea to take the green bill off the gold standard. From that moment on, dollars became just printed paper. It worked for all these years because dollars are used for the majority of international transactions and also because there is not a real alternative to it. Until now. Many countries are now using Euros instead and Russia clearly stated that they are willing to dump dollars once and for all.
Obviously, the situation is very complex and it evolves as the political leaders change. All countries are now dependent on each other for their own survival. One example, Russia. Putin is always ready with some sort of provocative statements, but the truth is that Russia can't stay a day without selling its oil or natural gas. They would go bankrupt. The same can be said for all the other OPEC countries. Although they threaten to reduce production and raise prices, they can do it only to some extent. Did you know that in Saudi Arabia, a majority of people work for the public sector? It is true, thanks to oil. They can't afford to stay even a day without selling oil.
What about our relationship with China? There is a lot going on. Some even believe that the Chinese are ready to attack US. Does it make any sense to you? China is totally dependent on the US to export all the goods they manufacture. Now that Europe is so weak, we, the USA, are an even more valuable customer. Do you really believe that China would want to attack us? What would happen to their people when there will be no jobs?
Sorry for this digression, but it is necessary to understand the big picture and not passively listen to the propaganda.
Chances are that the dollar will eventually be replaced. It could be Bitcoin, a new, independent, not political currency, or the Euro (quite difficult), but it is important to understand the problem and get financially ready. If a catastrophic collapse should happen, it would be wise to stock some food and some ammo. It could get violent and riots are likely to happen.
Also, check out the National Debt Counter on the web site.
We became numb about all these numbers that are thrown at us on a regular basis. It wasn't that long ago that a billion dollars was a lot of money in Washington. Now we hear about trillions of dollars like peanuts. But do people understand what a trillion is? Let's divide a trillion by 300 million US citizens. It is over $3300 for each of us. Our national debt is about $17.5T, that brings our liability to over $60000. For each of us, kids, adults.
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