Some sixty-six countries world-wide either utilize it as their primary currency or peg their own currencies to its exchange rate. What this means, as noted by Future Money Trends in the micro documentary below, is that if and when the dollar does come under attack the fallout will be everywhere. The collapse will happen simultaneously and affect billions of people worldwide.
This is 33% of the nations of the world all submitting their currency sovereignty to the US Federal Reserve.
If and when the U.S. loses its currency status this will be a literal collapse of the entire global monetary system… A system that is built on lies, fraud and theft.
(Watch at Youtube)
As you might have guessed, when the game is finally up it will wreak havoc across global economies, financial markets and monetary systems. Should that ever happen, those who have failed to exchange their fiat currencies for physical goods of some sort are going to have a rude awakening.
As preparation for a currency collapse of unprecedented magnitude, contrarian economists and analysts recommend acquiring physical assets ahead of time. Because after the ‘event,’ it will be too late for the majority, as their dollars become nearly worthless and the cost of essential goods like food and energy skyrocket to nearly unattainable levels as priced in dollars.
We have seen it time and again throughout recent history. Germany’s Weimar Republic, Hungary, Zimbabwe and most recently Argentina, have all experienced currency collapses. And in all instances one asset has stood the test of time and become the currency of choice when traditional systems of commerce collapsed.
Living in the heart of the Fiat bubble, Americans especially have forgotten about the one true currency. With the nation approaching nearly $20 trillion in national debt our entire system is built on a lie. But this lie affects the entire world because the US dollar is the world’s currency.
The gold market has been so distorted by governments and central banks around the world that today in an environment of quantitative easing, trillion dollar annual deficits, and negative interest rates, you can exchange your Fiat currency for an ounce of gold for less than the cost a mining company takes to produce it.
In 2013 all-in costs were $1620 per ounce, with an average price of $1411 per ounce. Recently gold has sold for less than $1300 an ounce.
Physical demand is currently setting records, with most of the demand coming from the east. Soon, North America and the world will begin to accumulate gold.
The world is on the brink of a major fiat currency crisis.
The evidence for a continued downturn in the U.S. economy and further deterioration of the U.S. dollar is clear. The likely end result is a total collapse of Americans’ way of life.
Ask yourself these three questions to help you determine your best course of action:
- What is the dollar’s most likely future?
- Are you overly exposed to dollar denominated assets like your income, savings and the country you reside in?
- Can you envision a scenario where the world turns against the U.S. dollar?
When it happens only those who own physical assets not dependent on the U.S. dollar will maintain any semblance of wealth. Everyone else will be, almost instantaneously, relegated to third world status.
This article is brought to you courtesy of Mac Slavo.