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There is no mistaking it as the world’s largest economy is still bleeding out from the 2007 financial crisis. In spite of the governments questionable attempts to intervene and add buoyancy to the sinking ship “America” foreclosures are still at all time highs, unemployment is way too high and the national debt is over $14 trillion dollars. Furthermore countries across the planet want out of financing our debt. Their now dumping dollars as fast as possible and either buying gold or other national debt. The overinflating of the US money supply thru QE-1 and QE-2 have caused great concern to countries like China who are now pleading to the US Government to stop inflating the currency as there still holding about 1.3 trillion dollars in their Central Bank. Inflation in the US is growing the government still needs more controls on its own spending and were soon headed for a huge economic collapse unless drastic changes happen and that should mean now. Many in the US are not prepared and when the end of the dollar comes around they will lose everything. Back in 1971 Richard Nixon the President of the US at that time removed the dollar off the gold standard by closing the gold window and ending the Bretton Woods Agreement. Prior to this the US dollar was backed by 10% gold valued at a fixed amount of $35.00 per ounce. From this moment foreword it seemed the US was now enjoying an enormous spending spree. And the prize was a Government line of credit which seemingly had no credit limits. In actuality when the US reaches its credit limit it is simply increased again and again. Now with America’s debt at another all time high the chances of ever actually paying that debt off outright is next to impossible. If America was a business it would have gone bankrupt a long time ago. The fact that money can be printed out of thin air to pay off debt has only been making this financial monster bigger as time goes on. Thus the financial system within the US is no longer able to sustain itself and a massive collapse on the economy is imminent and standing by just waiting for the end of the dollar. The dollars collapse will occur in spite of who wins the next presidential election or who becomes next Federal Reserve chairman reversing course to right what has been wronged will not be possible because the majority of the damage has already been done. Major reasons pointing towards a financial meltdown are: • The baby boomer generation is already starting to retire. • China stopped buying US Debt. • Social Security and Medicare programs are running out of money. • The Federal Reserve has already made hints that QE-3 can be an option. • The US is still engaged in wars that they can’t afford. • Inflation keeps rising. • The national debt continues to increase at an alarming rate. At some point the general public will become fully aware of the gigantic crisis were in. Were now starting to see signs of massive public awareness with the Occupy Wall Street Protesters in New York and other major cities throughout America. Further along there is a great possibility that the US dollar will lose its world reserve currency status. As each day moves into the next the dollar will become more and more worthless just as the German mark was in Weimar Germany in 1923. From here hyperinflation will kick in and the only thing of value will be “real assets” such as gold and silver which will skyrocket in value. Regardless of which political party is in power no politician will be able to repair the damage were presently in. Another blow for the US will be the loss of the number one world power status as China will be along shortly to claim it for themselves. The truth be told… no the end of the world will not be upon us, however the end of a society will be. It will be brutal for those insisting on holding dollars. Also stocks, bonds and other paper assets with few exceptions. For your best protection against the end of the dollar buy physical gold and silver as they are true stores of value and act as an insurance policy for times of economic crisis and the destruction of paper money. Tom Genot - About the Author: For information, news, articles and videos to invest in gold and silver and where the best places are to buy it. You will also find information for preparing and protecting you, your family and your assets from the pending economic crises and destruction of the US. Dollar. Author Tom Genot provides information and resources helpful to everyone. Insure your prepared beforehand, check us out at www.coinbullion.net.
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the end of the dollar, dollar, hyperinflation, paper money, economic crisis, massive collapse, foreclosures, qe2, federal reserve, gold, silver, gold standard,
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