The Death of the US Dollar
The Death of the US Dollar
While inflation and interest have been around for many years, it was not until President Nixon took the dollar off the gold standard (1971) that things accelerated and hammered the final nail into the coffin that the US has become.
Back then the Dow was running at about 840 just days ago it hit 20,000 an almost 24 fold increase, we should be doing great, right? WRONG! House prices have gone from $24,000 to over $250,000, gas went from $0.34 to an average of $3+ with a peak in between of $4+, and our national debt went from $380 Billion to OVER $20 TRILLION! (Much of that can be attributed to Obama's record breaking printing of our USD fiat currency)
Speaking of Obama.... Under Barack Obama,
* U.S. debt rating was downgraded from AAA status for the first time in history!
* The number of long-term unemployed Americans rose from 2.7 million to 7.6 million.
* US debt went from (US national debt clock) about 9 Trillion to over 20 Trillion.
* The federal reserve printed more money during Obamas tenure than was printed in the entire history of the US prior to his taking office.
* Russia & China have agree to no longer use the USD as the standard world currency.
* The number of Americans on food stamps went from 31.9 million to 46.4 million.
* More than half of all Americans are at least partially financially dependent on the government!
And now we have Trump in office... sigh, a man with 7 bankruptcies to his name, the ability to mis-state facts, and promise you everything you want while using 5th grade English to explain to you that its all a conspiracy to keep him from power.
We passed the point of no return in 2014 when the interest on the national debt exceeded the governments combined income from all sources. There is no going back and getting a DO-OVER. We are going down and it is just a matter of time before the house of cards hits the table.
The USA is still the largest player on the field with Russia and China running an ever tightening 2nd and 3rd. A disaster like Greece's collapse is inevitable, but we will not be able to be saved by the likes of Germany because we are simply to large and to tied into the global economy for any single player or even consortium of nations to bail out.
When it happens, and it will, we are going to take the rest of the world down with us to varying degrees. Our already worthless fiat currency and the new "e" currencies will not be worth the paper or the data used to give them legitamancy.
Only physical things of value such as non perishables or precious metals, Gold being the standard, will be of value and barter will be the means of exchanging goods and services that will not require truckloads of worthless cash to be hauled around.
Since the election gold has gone from around $1000 an oz to just over $1200 an oz which means the time to buy is NOW! If you are like most people then dropping $1200 on an oz of gold is not a light matter. I can show you how to get gold is smaller affordable increments AND how to share this knowledge in such a way as to be able to get your gold for free AND earn from it.
Let me help you to get started now... Contact me, Udo Hoffmann, at email@example.com or (715)426-0518 for a quality assessment, detailed information or instruction on how I can help you to get started today.