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The Coming Collapse of the International Monetary System

21 Apr

Dr. James Rickards, author of The Death of Money: . . . . the monetary system has collapsed 3 times in the past century . . . the world does not end with each collapse, however, at each collapse major powers rewrite the “rules of the game” by which major countries conduct business . . . another collapse is coming . . . the dollar is on its way to the trash bin . . . . 80% to 90% loss of dollar value is possible . . . . we sent tens of trillions of dollars to Europe to bail them out . . . . when the next collapse comes, it will be exponentially bigger than the 2008 crisis . . . . the Federal Reserve is insolvent now . . . . the next crisis will be too big for the Federal Reserve to resolve . . . . all central banks are at or near insolvency . . . . Only the IMF remains sufficiently solvent to produce a fiat currency (Special Drawing Rights; SDRs) to replace fiat dollar and possibly save the global economy . . . . gold is headed for $7,000 to $9,000/ounce . . . Mutually-Assured Financial Destruction (MAFD) is now possible; if Russia or the US engages in MAFD, both economies and/or the entire global economic system could collapse . . . . the thing that destroys the system is the thing you don’t see coming . . . . when the collapse comes, it’ll happen quickly,and you won’t see it coming and there’ll be no time for last-minute self-preservation–therefore, you must prepare now. . . .

video 00:25:08

 

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20 responses to “The Coming Collapse of the International Monetary System

  1. Californian

    April 21, 2014 at 1:14 PM

    Pain is not going to describe what will happen if the Dollar collapses. Many Americans can’t buy food, how can they buy gold or extra food? Everyone I know lives week to week.
    I have a little silver and about 2 months back up food. How can that even be enough. Any of my family finds out, I’ll have enough for a couple days.
    How can anyone prepare. For how long and when you run out, then what?
    It’s good to be prepared. Fear God an take our own part. If everyone had a week. But it appears even most Christians have accepted the govt. security and I doubt they will prepare either.
    I try myself to speak to my fellow so called Christians to wake up. They just get mad at me.

     
  2. EarlatOregon

    April 21, 2014 at 1:59 PM

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    I Call BS on Dr Rickards.

    The US Dollar is made of Paper and Ink,
    The Euro Dollar is made of Paper and Ink.

    SDR’s are Paper and Ink.

    The IMF has “Nothing at all” to Back the SDR’s.
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    At least the US Dollar can be and Is Backed by Oil.
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    Gasoline and other Fuels, are top U.S. Export

    http://usatoday30.usatoday.com/money/industries/energy/story/2011-12-31/united-states-export/52298812/1

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  3. Toland

    April 21, 2014 at 2:01 PM

    If the system is going to collapse in such a fast-moving universal calamity that you won’t have time to react once it begins, then your first concern must be FOOD.

    We’ve all seen the movies. In such a disaster, the transportation networks upon which supermarket inventories depend stop functioning, then the store shelves empty.

    Then you starve, unless you have a stockpile to last the duration: a couple of weeks or several months, however long your disaster scenario takes to play out. Having a stash of money isn’t be enough, because your neighbors won’t will be selling their food at any price.

    If scary internet videos like this are correct, you don’t want to get caught out by the coming catastrophe. Stockpile food now!

     
  4. EarlatOregon

    April 21, 2014 at 2:01 PM

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    At least the US Dollar can be and Is Backed by Oil.

    Gasoline and other Fuels, are top U.S. Export
    .
    http://usatoday30.usatoday.com/money/industries/energy/story/2011-12-31/united-states-export/52298812/1
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    Modern Society Must have Oil.
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    As of 2013 the United States dollar is the world’s reserve currency,
    and the world’s Need for Dollars…
    https://en.wikipedia.org/wiki/Reserve_currency

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  5. EarlatOregon

    April 21, 2014 at 2:05 PM

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    Dr Rickards book is another Attempt by the Europeans,
    to Destabilize the US Dollar,
    so that the Euro Dollar will become the Reserve Currency of the World.
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    From the Centre for European Reform

    The Euro as the World’s reserve Currency?

    Let’s assume for a moment
    that the damage to the credibility of dollar
    is such that its role as the world’s favourite currency is lost.

    The euro would be the only plausible replacement.
    .

    http://www.cer.org.uk/insights/euro-world%E2%80%99s-reserve-currency
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    Former U.S. Federal Reserve Chairman Alan Greenspan said in September 2007
    that the euro could replace the U.S. dollar
    as the world’s primary reserve currency.

    It is “absolutely conceivable
    that the euro will replace the US dollar as reserve currency,
    or will be traded as an equally important reserve currency.”[27]

    Econometric analysis by Jeffery Frankel and Menzie Chinn in 2006
    suggests the euro may replace the U.S. dollar as the major reserve currency by 2020
    if (1) the remaining EU members, including the UK and Denmark, adopt the euro by 2020
    or (2) the recent depreciation trend of the dollar persists into the future.[28][29]

    The Share of a country in international Trade
    as well as the Size … of its financial Markets
    are Determinants of the Demand
    for that country’s Currency … .

    http://research.StLouisFed.org/publications/review/01/09/0109pp.pdf

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    Lobbyists working in Washington DC,
    for European Governments and European Corporations,
    promote legislation whose real purpose is to ” Destroy the US Economy ”

    We have Seen the Effects for ourselves
    in our Economy, for Decades now.
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  6. Christian Gains

    April 21, 2014 at 2:22 PM

    Absolutely no reason to doubt ANY thing that he’s saying…As he points out, International financial collapse is nothing unknown, but is a sort of “cleansing” of the toxins in the “body politic”…

    The MAJOR lesson here is that “Ignorance is the Mother of stupidity, and Pride is it’s Father”…

    With sooo many millions of UTTERLY ignorant American entitlement dependents, when those entitlements stop arriving, chaos will be an understatement…cannibalism will strike HARD, almost within days!!!

    The riots, thefts, murders, and mayhem will UTTERLY disintegrate ANY vestige of social order, and the massiveness of the societal meltdown & collapse will FAR OUT STRETCH the Govt.’s capabilities to re-establish order…(what’s left of ANYone from Govt., will likely simply hide, & attempt to weather it out in white Mountain, or other hideouts…that’s what the FEMA MRE’s were ordered for…and the 6 million + rounds of ballistics…not to mention those MARPADS and militarized LEO’s…[who will ultimately end up being Security agents, protecting the rich & powerful, in their Mountain retreats).

    Nope…this collapse, {probably facilitated, — and DEFINITELY encouraged — by China & Russia}, will be unbelievably MASSIVE, and UTTERLY debilitating…ESPECIALLY when China or Russia pop off a couple of nukes 200 mi. up, over N. America — back to the 16th Century in an instant…doubtless the PTB will wait for the 2nd “die off”, and for the “survival of the fittest” events to transpire, and then just come in with their modern tech & equipment, and mop up the last survivors…and voila! America — gone into the trash can of History…Next Dynasty….NWO?

    BTW, I’m NOT exaggerating here…we ARE heading into a GLOBAL paradeim shift, in which ONLY those UTTERLY dependent upon the FAITHFULNESS of the WORD of God will survive! IF that’s God’s will…but, flesh & blood, and intelligence WILL NOT be sufficient to “weather this perfect storm”…

    A STRONG, VIBRANT personal relationship with Jesus, and a willing obedience to the guidance of the Holy Spirit will be ESSENTIAL…The sooner you begin developing such a relationship & obedient spirit, the better off you’ll be as, quite literally, all hell breaks loose….May God help us all…

     
    • EarlatOregon

      April 21, 2014 at 2:43 PM

      Europe = Daniels ten Toes
      Read the Bible .

       
    • EDOMS THORN

      April 21, 2014 at 3:04 PM

      `

      `

      WELL said Christian Gains,

      Most people, of course, are Ignorant of their own ignorance. Ignorant of just how often they fight JEW fables with JEW fables. Then they fight the truth with more JEW FABLES!
      They have their heads in the sand. They see nothing because of the expensive ‘blinders’ they are wearing. The halters (willing ignorance) they have placed around their necks are stylish and comfortable!
      What TRIBE has been establishing the Western Nations Foreign and Domestic Policies for decades. That Tribe hates WE the Goyim and are implementing the New World Order with ‘our’ blessings and blood!
      It does appear that Tribe gets some sort of “Diplomatic Immunity” as the so called Gods Chosen™… And when our leaders sell us out for Israeli interest’s, they get a pass for their treason and subversion! Orwellian…

      It is sickening how the people are so willing to believe what ever they are told by the MSM T.V. Talmud Vision and the EDOMITE Masonic infiltrators in the Seminaries and Churches.. The truth is is anti-Semitic? RACIST in and of itself. Any attempt to to expose the truth is RACIST! If we try to tell those that we know, anything contrary to what has been inculcated into their slumbering minds, we are meet with the same programmed response’s that are imbedded into their thought processes, and we become the Demon (in their minds) that we are trying to warn them about.
      So much of what is good and true has been demonized by the use of ‘acceptable’ rhetoric i.e. tolerance, diversity, and freedom of expression and many other destructive ‘feels good’ phrase’s designed to hide the intent and purpose of the evil outcome involved with the implementation of ‘their’ Multicultural Godless N.W.O.

      To defend a lie for a perceived “blessing”, they have made themselves traitors to God and COUNTRY! AND for speaking the truth we find ourselves ostracized from the community. People like John Hagee and Jack Van Impe have led many people to worship at the feet of the commissars. Our leaders are leading our nation into the gulags!

      PRIDE is in the way of their understanding! They could not have over looked something, and they SURE as Hell couldn’t have been deceived into believing ANY lies!

       
      • EarlatOregon

        April 21, 2014 at 4:00 PM

        Who
        in your Life,
        have you not Forgiven?

         
      • kanani

        April 21, 2014 at 9:24 PM

        What is a Jew fable?

         
      • EDOMS THORN

        April 21, 2014 at 10:05 PM

        Here is a BIG “JEW FABLE” That the “JEWS” are God Chosen.

        The word “ISRAEL” occurs 2568 times in 2294 verses in the KJV, and not one time is ISRAEL called “JEW” The Book of Romans is largely about Gods love for ISRAEL/Jacob and the word “JEW” is used there ten times and not one time is it used for ISRAEL. WHY NOT?
        NEVER in the entire Bible are the so called JEWS called “Gods Chosen”
        The word “JEW” in scripture, NO WHERE denote “FAITH or Religion.
        “JEW” means Judean and is used for one son of Jacob/ISRAEL JUDAH.

        That is EDOMS FABLE! EDOM claims to be Jacob/ISRAEL. Messiah said it in Revelation 3:9 when read with understanding.

        The Book of OBADIAH foretells of Edoms impersonation and utter destruction, and that God will use JACOB and JOSEPH to bring that about!
        Obadiah is a very short book that says a lot!

        Obadiah 1: 2 Behold, I have made thee small among the heathen: thou art greatly despised.
        (What people are small and despised as the JEWS are? Surely this is not about the PYGMIES)

        3-4 The pride of thine heart hath deceived thee, thou that dwellest in the clefts of the rock, whose habitation is high; that saith in his heart, Who shall bring me down to the ground? Though thou exalt thyself as the eagle, and though thou set thy nest among the stars, thence will I bring thee down, saith the Lord. (Vrs. 3-4 tells us that they have laid claim “EXALTED” to something that they are not. STARS are symbolic of ISRAEL)

         
      • kanani

        April 22, 2014 at 7:55 AM

        What do Jew fables have to do currency collapse? Are you one those bigots who like wrecking comment sections?

         
  7. arc

    April 21, 2014 at 4:51 PM

    I cant wrap my head aRound the fact we just giving trillions away but .. and we arent going to get any benefit from it..our goverment must have strings attached.. to it..PS STOP N THINK…this isnt 1930s in 2014 people will flip out n go to the rich n banker neighborhoods n you know the rest… so our goverments not that that crazy…WE WILL FLIP THE WHITEHOUSE UP SIDE DOWN.

     
  8. Robert Snyder

    April 22, 2014 at 12:25 AM

    Al, what is your take on the “EVENT” coming July first?

     
  9. EDOMS THORN

    April 22, 2014 at 8:18 AM

    `

    Am I Therefore to become a “BIGOT” because I tell you the truth?

    ARE you pretending that you can not comprehend what you read, and falsely accuse me of being a bigot? It is your kind of posts that wreck a good comment section! Misrepresenting what people say, distracting from the truth.

    I made it abundantly clear , that EDOM is impersonating TRUE ISRAEL!
    I think you know what I said is the truth, you can’t handle the truth!

     
    • kanani

      April 22, 2014 at 12:37 PM

      Like I said. What do Jew fables have to do with currency collapse.

       
  10. Adask

    April 22, 2014 at 8:31 AM

    I have no idea of what that “event” may be.

    I know that in End Times, there will be wars and rumors of wars–and I presume “rumors” of “events” as well. But the end is not yet.

    I follow the possibility of such “events”. I have no doubt that one of these days one of these “events” will happen and it will constitute a catastrophe. But I also don’t doubt that I will see a number of rumored “events” before I see the real deal.

     
    • moon

      April 22, 2014 at 9:16 AM

      Regardless of what happens July 1, 4, 10, 31, or other particular date, one would do well to be able to do without: delivered utility services, stocked grocery store shelves, internet service, prescription filling, emergency services, arms and munitions availability, pizza delivery, and the ability to trade an FRN for something else. This is only a short list of possibly unavailable items at any time.

      Positive association with friends, family, and trading buds is very important even now.

      It’s a great life if you don’t weaken. Rock On!

       
    • E Brown

      April 23, 2014 at 11:59 AM

      http://pro.stansberryresearch.com/1310PSIEANEW/PPSIQ465 read this HR 2847 FATCA is the driving force behind this collapse

       
      • Adask

        April 23, 2014 at 2:02 PM

        I’d be more inclined to listen to Porter Stansberry reports if he could get to the point and tell us something rather than sell himself and his business. He’s always doing the dance of the seven veils–telling us about whatever it is he’s going to tell us about, but not actually telling us until the last minute when he (usually) offers to sell us the info or provide the info if we sign up and give him our email address. He may be a smart guy, but I dislike his sales techniques.

         

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