The Dollar Is Collapsing: Wake Up To Reality
I’ve heard a lot of speculation lately about how the inevitable collapse of the U.S. Dollar will affect our country, and what results it will entail. Some dismiss this as fear mongering, but if you bother to listen to leading economists, both from the United States, and around the world, your eyes will be opened to this inevitability. As a people, we have not faced adversity of this level since the Great Depression. It is time to put aside the intentionally polarizing issues of the day, and come together as a people to face the hard times ahead. These are issues of nation survival, not petty bickering and and partisan politics. Real threats to our standard of living, way of life, and economic and military prominance.
Listen to what the Comptroller of the United States has to say:
After watching that video, try to support an unprecedented increase in federal spending and universal healthcare. While change is certainly needed, the government intrusion into healthcare and the bailout of failing industries is most certainly not the answer.The answer to the healthcare question is less government regulation of the system, and allowing the hundreds of insurance companies to compete across state lines, rather than limit states to 5 or 6. These regulations create de facto monopolies and discourage competitive coverage rates.
Government regulation has never been the answer, just look at what the Fed has done to the dollar. Since the early 70’s, the Federal Reserve has transformed the dollar into a currency without the backing of any tangible resource, while knowing that completely fiat monetary systems have a history of utter failure. They claimed that detaching the dollar from gold would allow them to create “more liquidity” and make the economy “more elastic and adaptable”. Publicly, they shrugged off any concerns of possible hyperinflation as “paranoid conspiracy theory”, while privately, they continued to weaken the dollar until 2006, when they were forced to stop their own M3 Report, which was the best and most accurate measure of currency creation. Fed Reserve Release Inflation Data The fact that the Fed has chosen to stop reporting M3 shows not only that they know that they are causing a dollar meltdown, but that they are willing to keep it a secret.
Fiat monetary systems removed from a gold standard and based on nothing but paper and faith will always fail, it is only a matter of “when”. The Greenback’s time has come, and soon, countries like China will announce their departure away from the dollar and into the IMF’s “Special Drawing Rights,” heralding our currency’s collapse. The first rumblings of this have already come, the most recent of which was two weeks ago, when China again called for the removal of the dollar as the world reserve currency. Read Article
The truth is, 70% of the U.S. economy is retail and service based, while most of our industry and factories have been outsourced to foreign countries. Our "wealth" is really just an illusion being supported by our own spending. The Dollar, being the preeminent world reserve currency, is one of the few things our country actually “exports”, a “financial product”. Foreign countries have stored dollars en masse with the assumption that the U.S. will always be able to honor its debts. However, the sad fact is that our currency is dying.
How will the average American react to this event, as it plays out right in front of them?
I predict there will be two kinds of people during and after a collapse. On one side; those men and women who plan to rebuild America and return it to an age of peace and liberty. On the other side; those people who are so addicted to the mindless consumer lifestyle that they will cling desperately to any vestiges of “what was”. The line will be drawn between those who are afraid, and those who are not. Those who know themselves, and those who don’t. Those who can let go of “comfort”, and those who cannot fathom a life without. As the collapse progresses, this line will become more clear and defined, and it will decide many events to come.
In the end, the future depends on those of us, men and women of conscience, who understand what is happening, and who have the will to stand firm and unwavering. It depends on how many of us continue to educate others. It depends on how many of us can let go of the old mind numbing “comforts” and strive for something more tangible. It depends on how many of us are willing to sacrifice for the truth. It depends on how many of us refuse to give in, stand for the principles this nation was founded upon, and boldly take back our nation from those who would enslave us.
