Prepare for the Collapse of the U.S. Dollar
Over the past decade we have witnessed the steady increase of the price for gold and silver. From it’s average price of $279 in 2000 gold has risen over 343%, averaging over $957 an ounce and recently traded for over $1,182 per ounce.
Compare that with the price of silver. In 2000, the average price for silver was $4.95 an ounce. In 2009, the average price for an ounce of silver had risen over 290%, averaging over $14.38 per ounce with recent trading over $18.50.
While gold is up 33 percent this year and has set all-time highs, silver has actually gone up over 60 percent — to Friday’s close at $18.30. That’s not even close to its two-year high of $20.88, let alone its all time high of $49.45, reached during the silver bubble of 1980 — when the Hunt brothers tried to corner the market.
Historically, the ratio of gold prices divided by silver prices is about 40, but at the moment it’s at 60, meaning either gold must come down or silver must go up to get back to its historical levels.
Gold and silver are climbing because the U.S. dollar, the euro, and every other paper currency is falling through the floor. Since 2000 when the US Dollar Index which measures the dollar’s value against a basket of major currencies, was at 117.31, it has since fallen 63% to an almost all-time low of 74.86.
All the while your purchasing power of your money continues to decrease, we are told by the government and mainstream media that the economic crisis of 2008-2009 is behind us and we are now supposedly experiencing a slow recovery.
Folks, the crisis is NOT over! In fact, I believe the worst is yet to come and we are going to experience the worst global economic crisis of all time. The signs are all around us. The Federal Reserve Bank’s printing presses are running overtime printing out record volumes of worthless currency as the dollar continues to weaken around the world. Central banks around the world are replacing dollars as their reserve currency with increasing stockpiles of gold and other currencies. China’s gold reserves have risen by 454 tonnes from 600 tonnes since 2003, and the Reserve Bank of India recently purchased almost $7 billion worth of gold from the International Monetary Fund.
So, what do these Central Banks know that you don’t?
What can you do to prepare for the coming currency crash?
While you will need to choose for yourself what you can do, I have taken these experts advice and have begun doing the same thing that India and China are doing. They are dumping the dollar for precious metals that have real value.
For many people, they don’t have much money to buy gold or silver. Believe me, I understand, as I was in the same predicament. However, I woke up to the fact that the US dollar was on the way to extinction and decided to begin where I could by purchasing a single 1 oz. silver bullion bar from a local coin shop. I have tried to regularly add to my silver holdings each month with whatever I could afford.
It didn’t make much sense to me to leave my dollars in a savings account where it’s value was steadily decreasing. As Robert Kiyosaki said in the above video, “cash is trash” and it seems rather crazy to me not to turn this soon to be worthless currency into precious metals which will hold value.
I would encourage you to begin buying what silver you can while it is still affordable. Start where you can… but start somewhere.
Silver and gold will never be worthless, unlike the fiat paper currencies that have always eventually become worthless. And, unlike reverse stock splits in the stock market that have made some stocks worthless, the purchasing power of gold and silver have historically remained relatively constant.
I recommend that you look at the first and last few verses in Revelation. Whatever the writer was writing about, it is clear that he believed it would happen very soon. Keep in mind that this was written in the first century.
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Please, don’t take this ‘world domination/one world government’ stuff too seriously.
Just look at the way the hidden ‘Masters of the Universe’ are supposedly pulling the strings of their pet presidents and front men, and consider the foul-ups these people keep making with the economy, health care, security etc etc.
You’ll soon see that the ‘c**k up theory of history’ wins out over the ‘conspiracy theory of history’ every time, and you’ll realise that its actually a case of ‘New World DIS-order’.
In fact, I’m quiet worried about these hidden Masters of the Universe – not because I live in fear of a takeover by some unholy alliance of Illuminati, Bilderbergers, Opus Dei, Freemasons, Bohemian Grove, Justified Ancients of Mu-Mu, Reptilian aliens or the Tinker & Tucker Club (delete as applicable) because as far as I can see, this secret and all-powerful cabal couldn’t organise a p*** up in a brewery, let alone achieve world domination!
Is total economic collapse just around the corner? As the U.S. dollar weakens and the price of goods such as oil, grain and gold rise, many fear for the economic stability of the country. So how does one survive total economic collapse? The U.S. dollar is weak and it may be too late to save the finances of this debt-driven economy. However, it’s not too late to learn some basic survivalist skills. Following are some tips and resources. Here’s how to survive a total economic collapse.
The initial move of the USD rally appears to be over. The short term trend now points down. The currencies that had been falling while the USD rallied the past four months will go up during the correction, such as the Euro. Intermediate term US Dollar trend remains up. This rally (now correcting) could last a year or so. Long term trend down, as is the case of all unbacked paper currencies since the beginning of history.