If all major currencies worldwide enter into competitive devaluation, does the dollar crashing make a sound?
That is the important question, and does it matter whos on first.
If all major currencies worldwide enter into competitive devaluation, does the dollar crashing make a sound?
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Even with Hyper inflation the fiat currency has some value. The problem is that when you make $50000 a year and it cost 2000 to fill up your gas tank, you ain’t gonna be driving. When it cost 1000 a day to feed your family, $500000 homes will be worthless. People who have precious metals will buy real estate for a song. People without precious metals will sell all they have just to eat.
There won’t be any government bailouts, the farmers will sell their food directly to consumers, their families and friend and those who can supply fuel.
All this has happened many times in human history, Greece, Rome, Germany twice, there is nothing new about what happens when governments switch to fiat instead of money.
People talk about Nixon being a bad president because of Watergate. No he was a bad president because he took away the value of our money. It was a good run for a generation but now its time to pay the fiddler and we’re broke.
If you don’t have silver, food storage and a paid mortgage I feel sorry for you. For a long time I’ve been telling people you only have a few more years, I don’t think there are any years left now, It may be down to months or perhaps even weeks.
Obama has done this on purpose. His goal is to crash the economy. Then he has to take over. When no one can afford to eat they all become moochers and support what ever Obama wants as long as they can eat.
After the Russian revolution the rich people had everything they owned taken away and put into the collective. Their houses, their farms, their money, their guns, their precious personal items, everything. That is what the leftists want, everything you have.
If you read “Atlas Shrugged” you know how it ends. John Galt created a society where everyone traded gold. The only currency allowed was gold.
Inflation is a form of theft. When it is only 2 or 3 percent we think of it as a tax. When it hits 25% a year we can’t afford to pay our bills. When it hits 10% month we can’t afford to eat. Once we can’t afford to eat we become desperate and do desperate things. Most won’t sit back and starve to death, they will become proactive in getting food. New governments will be formed from gangs that rob, pillage and murder to get their needs met. When that happens our people will be ready and willing to accept king Obama if he can feed us.
I know most of you think I’m crazy but this what happens in societies that break down. There is nothing unusual about it, people won’t just lay down and die, they will steal your food to live. They will kill you for it. Just because you haven’t seen it before doesn’t mean it can’t happen. It will happen, it is only a matter of time.
Fifteen Trillion is such a large, unfathomable sum that we can’t even begin to start paying it back. Instead those that hold the debt will loose.
My advice, pay off your mortgage, get a lot of food and a lot of precious metals. Convert your savings to precious metals, mostly silver now, you savings may soon be worthless. Precious metals include brass and lead. If you do this you will at least survive until the government takes it all away and puts you in an apartment complex with a bunch of other people.
Good luck.