Tag Archives: United States dollar

Gary Christenson ~ Silver, Gold And Living By The Sword

“If you live by the sword, you die by the sword.  If you live with paper money, you will need much more as its purchasing power is diminished each year.  Consider the risks!” G Christenson

GaryChristensonIt is said that, “If you live by the sword, you die by the sword.”  Let’s expand the concept and confirm that ancient bit of wisdom.

If you depend upon your sword for self-defense and aggression, you can reasonably expect that someday you will meet another swordsman who will slice your body and kill you.

If a country depends upon war and its military strength for conquest and intimidation, eventually the military and the country will be damaged and/or defeated via war.  There are many historical examples.

If central banks depend upon the creation of nearly unlimited quantities of debt and paper currencies, eventually the excess quantities of debt and paper currencies will result in the destruction of their economies and the credibility of those central banks.  There are many historical examples.

If corporations and governments depend upon lies and misrepresentations for market share and control, eventually they will be branded as untrustworthy and will lose their markets and control.

If large banks depend upon huge leverage and derivative contracts to generate trading profits, those banks may fail when another derivative meltdown occurs.

Pension plans and many individuals depend upon debt based paper investments for long term income, but that income is only as good as the counter-party issuing the debt, AND the credibility and purchasing power of the currency.  This thought should bring to mind the phrase “danger zone.”

However, if an individual, business, or government depends upon something that has real value, such as safely stored gold bullion or silver coins, then their risk is considerably reduced.  Consider the benefits of gold and silver: Continue reading

Gordon Long ~ Iraq About US Dollar, Hyperinflation Trouble In 2015 [Video + Transcript]

Macroeconomist Gordon Long says, “We’re not really running a capitalist system.  We are running a credit system.  Instead of using savings, we are using credit.  Credit, the way we are doing it now, is really a form of counterfeiting.

If you look at the $72 trillion shadow banking system that we have operating right now, that is generating this credit . . . it collapsed in 2008 . . . and now it’s on a hairy edge.  It’s not mortgages and housing this time.  It’s student loans through Sallie Mae.  These students don’t have any hope of paying this back.  We are talking north of $1.1 to $1.2 trillion.  It’s car loans this time because of subprime.  That’s the way to look at car loans, they are sub-prime. . . . And you got these highly leveraged real estate investment trusts also operating through the shadow banking system.  These problems are blatantly evident, and I don’t think the powers that be have any control over them.” Continue reading

James Rickards ~ Financial Collapse And Massive Shortages In Gold Coming [Video + Transcript]

USAWatchdog  January 26 2014

Financial expert and best-selling author James Rickards’ latest book predicts “the coming collapse of the international monetary system.”  One of the sign posts is countries like Russia declaring it will shed the U.S. Dollar as reserve currency in international trade.  Rickards explains, “Putin said he envisions a Eurasian economic zone involving Eastern Europe, central Asia and Russia.  The Russian Ruble is nowhere near ready to be a global reserve currency, but it could be a regional reserve currency.” 

Rickards’ latest best-selling book, “The Death of Money,” was released in April.  Even Rickards is surprised at how fast the economic situation is unfolding.  Richards says, “If you ask me what has happened since you finished writing the book that comes as a surprise, I would say a lot of the things I talk about in my book are happening faster than I would have expected.  Things that I thought would happen in the 2015 or 2016 time frame seems to be happening now in some ways.  If anything, the tempo of events is faster than expected.  Therefore, some of these catastrophic outcomes may come sooner than I wrote about.”  Continue reading

John Williams ~ Dollar On The Brink Of Disaster [Video + Transcript]

USAWatchdog  May 19 2014

Economist John Williams has a dire prediction for the U.S. dollar.  Williams says, “I don’t see what will save it at this point. . . . Now we are to the point that the dollar has been ignored for years.  The federal deficit has been ignored for years. . . . That’s what we are on the brink of disaster with, and that is what has to be addressed now, and that’s not happening.” 

Williams also contends, “The way I see it, the dollar could go to zero in terms of its purchasing power.  You don’t want to have your assets in U.S. dollars.”   How are we going to get there?  Look no further that the dismal first quarter gross domestic product (GDP) numbers that officially only eked out .1% growth.  This is one of the reasons why Williams thinks a “renewed broad economic downturn continues to unfold.” 

Williams goes on to say, “We’re turning down.  The first quarter should be revised to negative territory, and I believe the second quarter will be reported negative as well.  That will happen by July 30 when you have the annual revisions to the GDP.  In reality, the economy is much weaker than that . . . . Generally, when you adjust for inflation and you use too low of a rate for inflation, that overstates the economic growth.”  Continue reading

Learn What Elites Are Secretly Doing Ahead Of The Coming Collapse [Video]

Before It’s News  May 16 2014

This video Is Fantastic! Definitely take a listen ~g

King World News interviews outspoken Hedge Fund manager William Kaye, a former Goldman Sachs merger and acquisitions experts, who shares how he sees the ‘frightening endgame’ unfolding and tells us what the ‘elite’ are now doing to protect themselves.

As the US dollar moves ever closer to losing its status as the world’s reserve currency, we’re entering a time that will forever go down in history, a time when being prepared is mandatory to ensure our families survival as the system implodes and we enter a ‘New World Order’. The video report below this interview shares a ‘nightmare scenario’, which happens to be the elite’s agenda we’re watching unfolding now.

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Michael Snyder ~ De-Dollarization: Russia Is On The Verge Of Dealing A Massive Blow To The Petrodollar

EconomicCollapse  May 14 2014

PetroDollarIs the petrodollar monopoly about to be shattered?  When U.S. politicians started slapping economic sanctions on Russia, they probably never even imagined that there might be serious consequences for the United States.  But now the Russian media is reporting that the Russian Ministry of Finance is getting ready to pull the trigger on a “de-dollarization” plan.  For decades, virtually all oil and natural gas around the world has been bought and sold for U.S. dollars.  As I will explain below, this has been a massive advantage for the U.S. economy.  In recent years, there have been rumblings by nations such as Russia and China about the need to change to a new system, but nobody has really had a big reason to upset the status quo.  However, that has now changed.  The struggle over Ukraine has caused Russia to completely reevaluate the financial relationship that it has with the United States.  If it starts trading a lot of oil and natural gas for currencies other than the U.S. dollar, that will be a massive blow for the petrodollar, and it could end up dramatically changing the global economic landscape.

The fact that the Russian government has held a meeting to discuss “getting rid of the US dollar in Russian export operations” should be front page news on every mainstream news website in the United States.  That is how big this is.  But instead, we have heard nothing from the big mainstream news networks about this so far.  Instead, we have only heard about this from Russian news sources such as the Voice of Russia

Russian press reports that the country’s Ministry of Finance is ready to greenlight a plan to radically increase the role of the Russian ruble in export operations while reducing the share of dollar-denominated transactions. Governmental sources believe that the Russian banking sector is “ready to handle the increased number of ruble-denominated transactions”.

According to the Prime news agency, on April 24th the government organized a special meeting dedicated to finding a solution for getting rid of the US dollar in Russian export operations. Top level experts from the energy sector, banks and governmental agencies were summoned and a number of measures were proposed as a response for American sanctions against Russia.

The “de-dollarization meeting” was chaired by First Deputy Prime Minister of the Russian Federation Igor Shuvalov, proving that Moscow is very serious in its intention to stop using the dollar.

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Jim Willie ~ Whole Eastern World Rebelling Against the Dollar [Video]

Greg Hunter’s USAWatchdog.com  April 6 2014

Financial newsletter writer Dr. Jim Willie thinks 2014 will be a pivotal year for the U.S. Dr. Willie says, “We’re going to end this year with no resemblance to the beginning. We spent a lot of years trying to hold this thing together. The whole system broke in 2007 and 2008 with the subprime mortgages. I was saying before that we’ve got the entire U.S. economy depending on the housing bubble and the mortgage finance bubble, and when that breaks, the system is going to break.

In the following couple of years, it continued to break. What did we do? We went to zero percent interest rates and made it pretty clear it’s forever. What else did we do? We did bond monetization, QE. I love QE, it makes it sound like CPR. It’s death. It’s hyper-monetary inflation. It’s what Nazi Germany did . . . it wrecked everything. These are desperation measures to hold it together because the system is broken.”

Dr. Willie, who holds a PhD in statistics, contends, “Now all the QE and bond purchases are causing some major problems, breaking major economic structures. . . It’s all breaking, it’s all breaking, and they are having a tremendous problem holding it together. Now, the whole Eastern World is rebelling against the dollar.”

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David Morgan ~ Dollar Value Could Suffer Instant Change [Video]

USAWatchdog  March 26 2014

Silver expert David Morgan is warning of coming financial changes that may be forced on the U.S. during the next G20 meeting.  Morgan says, “The impetus here is the U.S. has had too much financial power backed by the military for far too long, and they (G20) are going to implement change one way or the other. 

The IMF is basically an extension of the United States.   Even though it’s called the International Monetary Fund, it is really U.S. based.  With what’s been proposed here, the IMF is not going to have the clout that it once did because the G-20 is going to be able to overrule the IMF vote.  This is a point in history, monetary history and global economic politics that could set a precedent . . . where it’s official that the U.S. dollar has lost its primary status as world reserve currency.”

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Dr. Jim Willie ~ U.S. Dollar and Treasury Bonds are Dead [Video]

USAWatchdog

Dr. Jim Willie, financial writer and Editor of the Hat Trick Letter, says, “I’ve been getting overwhelmed in the last month or two at the plethora, the litany of signals the financial system is imploding.  U.S. dollar is in a sell-off.  Treasury bonds are rapidly losing their integrity . . . and both banking and military sectors losing their global leadership.”   

Dr. Willie goes on to says, “The U.S. dollar and its trading vehicle, the Treasury bond, are dead . . . we have extraordinary tactics in place to keep the system going because they don’t want all the big U.S. banks to die.”  Dr. Willie goes on to warn, “Banks, bonds and currencies are all on the edge of collapse.”  Dr. Willie contends a global currency reset is coming.  What happens to the U.S. dollar and gold?

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