The Dollar’s Demise
The Dollar’s Demise
The dollar has had a pretty good run lately as investors flee the chaos in Europe. How much longer will it last? After several years in the rumor mill, the BRICS countries have officially announced the formation of the BRICS bank. This is in keeping with the global trend for nations to slowly distance themselves from the dollar. The trend has accelerated in tandem with the Federal Reserve’s determination to devalue our currency at a record pace.
In a recent article from CNBC, Vladimir Putin is quoted on the BRICS Bank as saying “it must work on market principles.” Ronald Regan would be shocked to hear the Russians seeking a free market solution the the command and control style banking of America and Europe’s Central Banks. It is like we have stepped into a parallel universe. Well, we should not expect the strangeness to end there.
Brazil and China reached an agreement ahead of the BRICS summit to settle trade in there own currencies rather than the US Dollar. This move also solidifies the international trend to move away from the dollar. China and Russia recently made a similar agreement. As more and more countries quit using the dollar to settle trade, the demand for US dollars will fall. This will occur at the same time that dollar supply is rocketing into the stratosphere at the rate of an extra $1 trillion dollars annually. It doesn’t take a PHD in economics to guess the effects of these two market forces working together.
If you have not paid attention to previous warning signs, these are worth heading. The combination of increased supply and reduced demand of dollars at the worst possible time will likely trigger outrageous inflation as the dollars value dwindles to nothing. I am not a financial adviser and only speak for myself, but I am securing a portion of my wealth in gold and silver. I use JM Bullion as I find them to offer the lowest price over spot of any company that I know.
In addition to the disturbing trend in the dollar, I expect the crisis in Cyprus to shake the confidence in all fiat currency as well as the banking system at large. Confidence is the glue that is keeping this ten mile high house of cards standing. Without it, the slightest breeze will bring it all down.
If you are new to prepping or would like to learn more, read our 7 Step Preparedness plan. It will help you build a foundation in readiness so you can be more prepared for everything from a tropical storm to the end of the world as we know it.
Happy Prepping
Visit and join in the fight to restore States rights and powers over the Federal Government and the Courts. Print the brochure and make copies for all your local and State elected officials – get involved with saving and Keeping the REPUBLIC as Franklin warned. Take the money and the power from DC and the lobbyist army will fade into the pages of history – failed Progressive controls will leave our industries and schools to our local government and our State Legislatures to make laws and rule for WE THE PEOPLE – this will restore Freedom and Liberty to us all. Founders said the Federal government should be small, limited powers and weak and the States should be strong and unlimited. Will you fight so we can leave the children of the future Free and with the Liberties given by the Creator? Let us roll.
http://articlevprojecttorestoreliberty.com/