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Coming Dollar Collapse–Where Not to Be

12 Jul

Fire

Image by Mike Poresky via Flickr

The following video offers a “worst case scenario” that may follow a collapse of the U.S. dollar.  Although I agree with virtually everything the author says–as a possible result of a dollar collapse–I have three quibbles with the video presentation:

1)  While it seems inevitable that the fiat (paper/digital) US dollar must collapse, it’s nevertheless true that the dollar is the “world’s reserve currency” and there’s no other national, fiat currency available to take its place.  Insofar as there may be no other national, fiat currency to replace the dollar, gold and silver are virtually certain to once again become the “world’s reserve currency”.

However, the forces favoring “global free trade” and “one world government” will perish unless they can maintain a fiat (paper/digital) “global reserve currency”.  The globalist’s power depends on their ability to “spin” fiat currency “out of thin air” and use it to “buy” the world.  The globalists can’t “spin” gold or silver out of thin air, so they despise gold and silver.  Therefore, there are enormous international powers at work that are dedicated to insuring the survival of fiat currencies in general and the fiat dollar, in particular.

However, recognizing that all fiat currencies are failing and therefore a return to gold/silver as money is inevitable, the globalists may admit that “half a loaf is better than none” and devise a currency that is only partially backed by gold or silver but still predominantly fiat.  If so, the fiat dollar could be (mostly) saved as the “world’s reserve currency” if it were backed, at least in part (say, 25%?), by gold.

The pure fiat dollar is a “gonner”.  But a partially gold-backed, predominantly fiat “dollar” might yet survive.  Insofar as a new-and-improved dollar was predominantly fiat, it might still be possible for globalists to “spin” dollars “out of thin air” and continue to thereby “buy” the world. Thus, contrary to the video’s claim, it’s not absolutely inevitable that the fiat dollar will completely collapse.

2)  Contrary to the author’s implications in the video, it’s not necessarily true that a dollar collapse will cause a “worst case scenario”.  Such collapse will cause extraordinary pain, but the results might be somewhat mitigated.  We might wind up in a “Greater Depression” that was painful, but mostly survivable.  The “worst case” is possible, and perhaps even likely, but not absolutely inevitable.

3)  The author speaks of five places to avoid in the event of a dollar collapse:  Israel, England, Southern California, New York City and Washington DC.  In naming just five “worst case” places, the author implies that other places (like Chicago, Dallas or Atlanta) may “do OK” in the event of a dollar collapse.  I disagree.  I can’t imagine that any “big city” in the USA or even much of the world, will be at all “safe” in the event of a dollar collapse.  As most of you know, there’s only three days supply of food in the average city.  If the system suffers a catastrophic failure, there’ll be hundreds of thousands of starving people scavenging for food within one week.  The resulting violence would be widespread and horrific in most of the major cities of the USA and even the world.   In other words, the actual worst case scenario may be more extensive and even much worse than the following video suggests.

But, again, these are quibbles.  I agree with virtually everything claimed in the following video.

The only remaining question is When?

video  00:12:09

http://www.youtube.com/watch?v=b3-vwYJiD8g&feature=youtu.be

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8 responses to “Coming Dollar Collapse–Where Not to Be

  1. Options Trading Tutor

    July 12, 2011 at 11:05 AM

    I have to admit I am not in agreement with the inevitable US dollar collapse. Recall that the US Budget is filled with a considerable amount which can be cut. If deep real cuts are made, then the dollar demise scenario evaporates, and the value of Gold with it.

    US balanced a budget in the 90′s under Clinton / Gingrich. It can happen again. At one point not too long ago there were no more issuances of 30 year treasury bonds!

     
  2. derick

    July 12, 2011 at 11:48 AM

    The dollar collapsed in 1933. The Federal Reserve Note replaced the “dollar”, the FRN is not money, It is an official transfer instrument used to track transactions between Corp. U.S. agencies. The collapse we are talking about is really just going to be the moment when the American people realize that their “money” isnt money. Shortly after they will also realize that we live in an Oligarchy and all of the frame work is in place for the govt. to take total control of thier lives. At that point the Constitution will be dead. I hope that this never happens but the apathy of the American people has left very little chance of anything much better from happening.

    “No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.” Matthew 6:24

    “mammon” is the worship of money and we have all bought into this lie to some degree.

     
  3. Lloyd

    July 12, 2011 at 12:35 PM

    Al, what do you think about the way the North Dakota state bank operates? Have you studied that model?

    A quote from their website: http://www.banknd.nd.gov/about_BND/
    “Bank of North Dakota (BND) is not a member of the Federal Deposit Insurance Corporation (FDIC). North Dakota Century Code 6-09-10 provides that all BND deposits are guaranteed by the full faith and credit of the State of North Dakota.”

    Some more links about this model: Quote:
    “Desperately poor and tired of being at the mercy of out-of-state economic powers, North Dakota’s farmers launched the Nonpartisan League in 1915. This political party united progressives, reformers, and radicals behind a platform that called for returning control of the state’s economy to its people. At the time, farmers were utterly dependent on out-of-state grain milling companies, national railroads, and Minneapolis banks, all of which had been gouging farmers.” end quote…
    read more at: http://www.newrules.org/banking/rules/bank-north-dakota

    “For many years the joke in North Dakota was that the nation’s only state-owned bank was known as the Bank of No Decision, for its lengthy loan process and its generally ponderous, bureaucratic ways.”
    read more at: http://www.minneapolisfed.org/publications_papers/pub_display.cfm?id=3715

    Here’s a youtube video espousing the ND state bank method for entire countries. Keep in mind that by only backing the money supply with gold and silver, the quantity can be controlled which is the ultimate and most powerful way to control the people. money flow backed by a whole host of commodities including everything that a state can produce, otherwise known as their GDP – as long as that percentage of, is of course prudent: http://www.youtube.com/watch?v=swkq2E8mswI

    Funny, the socialists like Micheal Moore think that the ND state bank model is… well socialist in nature, but done properly it actually frees people from the the ultimate globalist/socialist cartel, ie: the Federal Reserve bank. http://www.huffingtonpost.com/2010/02/16/bank-of-north-dakotasocia_n_463522.html

    In addition, I would argue that if the ND state bank model was principled with the biblical mandate of all unpaid loans having to be wrote off every seven (7) years, would prevent runaway inflation, if in addition every forty-nine (49) years – the great jubilee – all price/numbers, debts, obligations would be readjusted back to zero (or their original price) then as we would expect that would be the perfect model of a monetary policy. The seven year debt jubilee, of course, would prevent bankers from overextending themselves and borrower, and thus prevent run away inflation, for the most part, hence the reason for the 49 year grand jubilee as another checkpoint.

     
    • Adask

      July 12, 2011 at 2:36 PM

      If and when the global “system” collapses, it will inevitably disintegrate into a multitude of independent nations. Similarly, if and when our national “system” collapses, it will disintegrate sub-component States. The States will disintegrate into counties, cities and even neighborhoods. In the event of a collapse, the predominant principle will be “every man (or city, or county or State) for himself”. North Dakota is already beginning to separate itself from the faltering national (and global) “systems”. That separation will almost certainly serve North Dakota well–and may be a “sign of the times” for the rest of us.

      The “system” is like a giant ocean liner (say, the Titanic). If the “system” sinks and your stick with it, you are sure to perish. If the “system” sinks and you abandon the “system” for the lifeboats of individual States, counties, cities or even personal isolation, you will likely endure some serious problems, but you may also survive.

       
  4. Rich H

    July 12, 2011 at 2:15 PM

    I don’t think New York, LA, Washington D.C., Chicago, etc. are safe now so why should I believe any different if the fiat hoax finally comes to an end? I believe that larger cities would be more susceptible to violence and riots if the phony currency should collapse and food shortage sets in. It appears the safer areas would be away from those cities preferably on a nice farm. If we knew the “when” we surely would be blessed with the great gift of knowledge.

     
    • messianicdruid

      July 12, 2011 at 6:52 PM

      It is better to be seventeen years early, than to be one day late.

       
  5. Lloyd

    July 12, 2011 at 5:09 PM

    I think then, that, the great push should to get the structural details of serious reform into focus for the masses, and educate them profusely.

    But the sad truth is that even those who espouse a gold-backed only system are regurgitating tired worn out strategies of the elite to ultimately control people to the max.

    For that matter, Ron Paul who loves himself earmarks (the persistence of earmarks arguably passed Obamacare) backs the gold standard for monetary backing, which according to the almost 2 hr. Youtube video I linked is and was the cause for the elites taking control.

    I don’t mean to be bashing those who love themselves some Ron Paul, but if that is true then it’s ignorance that still rules the day under a Ron Paul official duty fulfilled. In addition, Paul always defended earmarks, which to me is like building a dam with a big enough hole to drain the biggest river over time.

    Either you are for a fully constitutionally principled focused agenda as a self-government by and for the people, or, you are not.

    Anything that falls short, will ultimately fail because it is wrong for the people.

     

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