"The fate of the nation and the fate of the currency are one and the same."
~ Dr. Franz Pick
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."
~ Alan Greenspan
They're Printing Your Dollar to Death - Your savings are disappearing
There's an 'advantage' that the U.S. Government has which you do not, they can print money. They print it and use the freshly printed currency to pay their debts. Actually, they just type an amount of money onto a computer and whoosh, they've got some new money. The consequence is, the dollars in your wallet get diluted and they buy less. This is the route towards paralyzing inflation and a lower standard of living. Governments around the world have tried this many, many times and each time it fails and each time, the people suffer- unless they owned an inflation hedge gold.They're making enemies and those enemies will fight back
The U.S. Government is the only entity in the world which can legally print U.S. dollars.The U.S. dollar is the world's 'reserve currency,' meaning it's the basis of the world's financial system and most goods are traded in U.S dollars and banks around the world hold U.S. dollars against their loans. So, the U.S. Government can't go broke like you or I, because the U.S. Government can just print more dollars and spend them.
This gives the U.S. Government an advantage over all other countries, because those countries have to convert their own currencies into dollars to buy things like oil or steel, or wheat, or corn…everything they need. So, if you're Russian or Japanese or Chinese or Brazilian, you have to first buy U.S. Dollars and then buy your oil.
So, as long as the U.S. Government prints and prints and prints, these other countries watch the value of the dollars they own diminish - their dollar savings are destroyed. Example: the Chinese own the most U.S. dollars in the world outside of the U.S.A. The price of copper has exploded in terms of dollars, therefore, the dollars the Chinese own buy them less copper than before. This is the case with all things like oil, wheat, cotton, sugar, tin, and anything else they need. This is making the Chinese and other counties very angry and they are starting to fight back. They've banned together with others to start pulling out of U.S. dollars to protect themselves from the failure of the dollar. They’re stampeding into the classic inflation hedge.
China and other major countries are starting to abandon the dollar. They want to be paid in something solid and reliable, an inflation hedge. They want to be paid in GOLD! Many countries and businesses are starting to refuse the dollar. Iran has already completely refused the dollar. They do not deal in dollars for oil any more. If this trend continues, and it will, as long as the U.S. Government keeps on printing away it's debts and weakening the value of dollars, then eventually all countries will refuse dollars and prices in America will explode!
