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The Collapse Of The Dollar

Posted on September 7, 2019 by Pablo Boocks

Know all you need to know and obtain ready for the upcoming collapse.

Let's face it, the economy isn't recovering also it seems like the final quarter had a poor rate of growth. Which means we have been in a recession again.

The dollar has turned into a toxic currency and it'll exist only before countries all over the world could keep their trust. Only trust, that's all we've left. You'll find nothing to back our currency, or at the very least insufficient.

The problem dates back to 1971, when Nixon had the fantastic idea to take the green bill off the gold standard. From that moment on, dollars became just printed paper. It worked for several these years because dollars are employed for nearly all international transactions and in addition since there is not just a real option to it. As yet. Many countries are actually using Euros instead and Russia clearly stated they are ready to dump dollars forever.

Obviously, the problem is quite complex also it evolves because the political leaders change. All countries are actually dependent on one another because of their own survival. One of these, Russia. Putin is definitely ready with some type of provocative statements, nevertheless, you that Russia can't stay each day without selling its oil or gas. They might go bankrupt. Exactly the same could be said for all your other OPEC countries. Although they threaten to lessen production and raise prices, they are able to do it and then some extent. Did you know in Saudi Arabia, most people work with the general public sector? It really is true, because of oil. They can not afford to remain a good day without selling oil.

What about our relationship with China? There exists a lot going on. Some even think that the Chinese are prepared to attack US. Does it make any sense for you? China is very dependent on the united states to export all of the goods they manufacture. Given that Europe is indeed weak, we, the united states, are a far more valuable customer. You don't think that China would like to attack us? What would eventually their people when you will have no jobs?

Sorry because of this digression, nonetheless it is necessary to comprehend the picture as a whole rather than passively pay attention to the propaganda.

Chances are that the dollar will eventually be replaced. It may be Bitcoin, a fresh, independent, not political currency, or the Euro (very difficult), nonetheless it is important to comprehend the problem and obtain financially ready. In case a catastrophic collapse should happen, it will be smart to stock some food plus some ammo. It might get violent and riots will probably happen.

Also, browse the National Debt Counter on the internet site. We became numb about each one of these numbers which are thrown at us regularly. It wasn't that way back when a billion dollars was big money in Washington. Now we hear about trillions of dollars like peanuts.