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May, 2011 marked an unprecedented moment of our current generation, and a telling sign of what’s to come; Utah legalized the use of gold and silver as currency. What that meant a year ago is, our weakening dollar is now dying a slow death, as the world’s reserve currency, with many other states in America also accepting other forms of currency, especially in the mid-west. Fast forward to today, 2012. The once fabled stories of foreign countries contemplating the abandonment of US dollar trades, has now officially occurred. March 20th, Iran stopped pricing oil in dollars and started accepting other currencies from foreign countries. India, Russia, Brazil, South Africa, and two of one of the strongest economies in the world, China and Japan, have all abandoned the dollar.
What this means for our economy isn’t good at all, it means the body is in the casket, it just hasn’t closed yet. We can look at the carcass and see the signs of our once beloved, but now eroding, dollar. Our government is digging the grave without preparing us for the funeral, assuring us the economy will continue to get better, (something like the way a condescending parent would tell a child as a loved one has passed).
Now, for those who don’t quite understand how our dollar is valued, let me briefly explain. Nixon abandoned the gold standard in the 1970’s and implemented a flat currency, and as our country stands to this day, all we have to do is print money without providing any domestic product to back it up. That’s why every currency note states “this note is legal tender for all DEBTS public and private.” Our value is based on the fact that foreign countries have to buy our currency to trade with other countries, we were the world’s reserve for trading. This meant we could excessively print money and spend it without having to worry about producing any tangible goods (which is why we are so deep in debt [consuming more than we can afford, temporarily avoiding repercussions] and inflation occurs) because everything was based on our dollar (which is why it was once accepted everywhere) and we made it a necessity for countries to have.
China and Japan’s bilateral trade agreement is such a huge deal, but somehow (and purposefully) remains under the radar. China and Japan combined, equally own around two trillion dollars (if not, more) in US treasury notes. The fact that they don’t need us anymore spells danger. What will happen once those worthless pieces of paper (to them, but devalued to us) hit our economy? The answer is hyperinflation. Remember, not too long ago, a bottle of soda costed the traditional 99 cents and in recent years it has gone up to $1.70 without employment wages going up, or employment in general for that matter? This proportionately, and slowly, edges the lower-class out of the picture, with the poorest literally dying. The global inflation of 33% on food from last year, will result in 800,000 children in Africa dying from this famine (depopulation).
What this means in America, is that more homeless people on the streets, coupled with the inability to afford basic necessities (result=occupy). Not only is our unemployment rate high, but it’s much more devastating than reported. The unemployment rate is monitored by how many people receive unemployment benefits, so many, many, people go unaccounted.
Is it any wonder why our government constantly implements laws destroying our constitution? Recently Obama passed Bill H.R. 347 carefully, and intricately stating that his administration can allocate, and I highly emphasize, NO FREE SPEECH ZONES, where they deem appropriate? Anyone defying this bill and protesting in these areas can be arrested and charged with a felony. This was demonstrated at the recent Bilderberg meeting in Virginia, at the end of May, where two protestors were arrested for crossing the street. By the way, our president meeting with foreign officials in private about domestic affairs without public knowledge is in complete defiance of the Logan Act, but it’s very obvious civilian laws don’t apply to them…which is funny to me because I thought government was supposed to be in service of the people’s interest, not operated in the secrecy of a silhouette.
Is it any wonder why education budgets have decreased significantly and military funding has gone up? Get this, we are in a major war for energy (resources) and the less educated a person is, the less resources they consume, and in turn the government provides more benefits to join the military, surpassing that of what an average job would provide someone with a lack of education, it’s a double entendre’. Not only are we witnessing the destruction of our old ways, but we are being introduced into a new world…I guess those conspiracy theorists weren’t so crazy after all.
Now that we have discussed the problem, how can you protect yourselves from the illusion of our dollar? Buy gold or silver. These precious metals have significantly increased in our market and will continue to get much more expensive as more countries ditch our dollar and start trading in gold (Iran, India, and Utah for example). As we’re seeing, people are now accepting gold as a currency once again, history is repeating itself, so learn yours before you become a victim of it. Here’s a brief overview:
The British sterling was once the world’s reserve currency, and for a long while, but as history shows time and time again, fiat currencies have an expiration date. As countries started abandoning the sterling, the currency literally devalued by 14% overnight. Businesses were only allowed to use electricity 3/7 days a week and television broadcasts stopped at 10 p.m. to save electricity. There were massive food shortages and protests in the streets. This was dubbed “Britain’s Winter of Discontent” in the 1970’s.
With America’s new security measures and laws for the scapegoat of the boogeyman “terrorists” (with Sadaam, Ghadaffi, and the initial reason we even went to war, Osama, all dead, why are we still fighting?) and implementation of Bill H.R. 347 and The National Authorization Act of Fiscal Year 2012, if the aforementioned scenario happened in The United States of America, we might not just see the collapse of the dollar, but we could possibly face Martial Law. But who am I to say anything? Instead of listening to the empty words and promises of politicians, pay attention to their actions, it’s like trying to catch your significant other cheating on you. You want to believe what they say, but those late nights spell differently…
