“The next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, while poised at a crossroads, pondering the death of the dollar.”
If the dollar fails, the entire international monetary system will fail with it.
While Washington is gridlocked and unable to make progress on our long-term problems, our biggest economic competitors—China, Russia, and the oilproducing nations of the Middle East—are doing everything possible to end U.S. monetary hegemony. The potential results: Financial warfare. Deflation. Hyperinflation. Market collapse. Chaos.
The US economy is on death watch when measured in REAL accounting data like plummeting GDP and the downward revisions in the BLS reports., according to Alasdair Macleod, the Director of Research for Gold Money.
In fact, according to John Williams from shadowstats, as the ranks of the unemployed in the United States reaches 23%, the economy is now beginning to suffer the effects of inflation, and Williams says, we are on track to hit hyperinflation of the Dollar in 2016.
The problems that caused that 2008 economic crisis have not been addressed or fixed and loose monetary policy continues unabated.
With the average age of a minimum age worker in the United States 36 years old, and with 93 million Americans out of the workforce altogether, hyperinflation of the Dollar is the death knell for the Republic and for all we once held dear.
Alasdair Macleod points out that once confidence in a currency is lost, that currency is doomed.
At that point, panic ensues, and we are now headed in that direction. Alasdair says, “There will be people in the west panicking because they haven’t got any physical silver or gold.” And by the time the panic is palpable, it will be too late.
Deagel has posted an update to its forecast for a coming economic collapse of the United States and the resulting 78% “depopulation” of the US that will occur.
The collapse of the Western financial system will wipe out the standard of living of its population while ending ponzi schemes such as the stock exchange and the pension funds. The population will be hit so badly by a full array of bubbles and ponzi schemes that the migration engine will start to work in reverse accelerating itself due to ripple effects thus leading to the demise of the States.
The death toll will be horrible.
The American downfall is set to be far worse than the Soviet Union’s one. A confluence of crisis with a devastating result…
A financial system based on paper assets, extreme leverage and debt require economic expansion to be sustainable. Thus, the majority of investors do not realize they have sunk their wealth into a CAPITAL SINK. A sink that will only drain in one direction–DOWN.
An individual needs to understand why most paper assets will be in severe trouble in the future and why its also important to move into physical assets. I believe gold and silver are two of the most safest physical assets to own going forward.
The NDB is the gigantic Trojan Horse. The Jackass has been boldly stating that the NDB is for converting USTreasurys, EuroBonds, UKGilts, and JGBonds into Gold bullion and will form the BRICS Gold Central Bank. The conversion process will send the Gold price toward $10,000 per ounce.
The Gold Standard will arrive from the trade ramps, not the FOREX window. Then later, the global banking systems will discard the USTreasurys held in reserve.
The event will trigger QE4, and collapse the Western central bank franchise system.
Then comes the New Scheiss Dollar on a contrived platter.
Gold will win, just a question of when, how, and the depth of global economic destruction.
When the Gold & Silver markets are finally released from COMEX & LBMA shutdown, and given room to run by the Shanghai market mechanisms, the supply line will not be prepared:
This is an economic collapse update from SGTreport.
On Wednesday, March 18, 2015 the U.S. Dollar experienced an unprecedented ‘flash crash’ shortly after the market close, losing nearly 5% of its value in a matter of moments.
When a currency falls 5% in a single day it’s a noteworthy event, but when the world’s reserve currency plummets nearly 5% in an algo-induced flash crash it’s downright frightening.
Is it a harbinger of very bad things to come?
“I do believe it will be this year that they end the manipulation and end this monetary system. . . . . You can see it happening already in Europe. It won’t take long when the Greeks say okay Germany, we are done with you. . . . That whole system will go down, and that will come to the United States.”
Are we on the verge of an unprecedented global currency crisis?
The U.S. dollar continues to surge against almost every other major global currency. The U.S. dollar index has now risen an astounding 23 percent in just the last eight months, the fastest pace the U.S. dollar has risen since 1981.
Do you remember what happened the last time the U.S. dollar went on a great run like this?
As you can see from the chart below, it was in mid-2008, and what followed was the worst financial crisis since the Great Depression…
The Chinese do not plan to live in a world dominated by the U.S. dollar for much longer. Chinese leaders have been calling for the U.S. dollar to be replaced as the primary global reserve currency for a long time, but up until now they have never been very specific about what they would put in place of it.
Many have assumed that the Chinese simply wanted some new international currency to be created. But what if that is not what the Chinese had in mind?
What if they have always wanted their own currency to become the single most dominant currency on the entire planet?
What you are about to see is rather startling, but it shouldn’t be a surprise.
When it comes to economics and finance, the Chinese have always been playing chess while the western world has been playing checkers.
Sadly, checkmate is now on the horizon.
“The repercussions of Russia on a gold-exchange standard would be immense. Above all, it would mean the first major schism in the world’s monetary order. China would quite likely follow suit.
It could mean the threat of a severe inflation in the United States should rafts of unwanted dollars make their way back across the Atlantic — the Fed’s ultimate nightmare.
The consequences of this debt bacchanalia should have been the orderly liquidation of the Wall Street entities that created the crisis, the writing off of trillions in bad debt, corporate and personal bankruptcies of businesses and people who borrowed recklessly, a sharp steep economic decline to cleanse the excesses, and politicians who immediately began the process of reducing budgets and addressing long term unfunded unpayable liability promises.
Instead, the psychotic oligarchs did not want to lose any of their power, wealth or control over the proletariat. They have done the exact opposite of what needed to be done. You must deleverage to solve a crisis caused by excessive debt. The oligarchs have succeeded in further raping and pillaging the working class, but have only delayed the final reckoning and guaranteed a debt apocalypse when their futile schemes fail again.
And fail they will.
A final End Game has begun. The current stage is the global rejection of the USDollar, the once respected revered and resilient currency which has in recent years fallen on its own Third World sword. QE is a Third World monetary policy, plainly stated. What remains is the loss of the most prestigious of the nation’s calling card, the USD as global reserve currency.
USDOLLAR HOISTED ON ITS OWN PETARD
The reaction of global USDollar rejection in response to Quantitative Easing, otherwise known as hyper monetary inflation, will go down in US history, even world history, as the greatest self-inflicted gunshot wound the head and chest in two thousand years.
This chart is screaming GET OUT NOW!
NY Times Bestselling Author Jonathan Cahn of The Harbinger & The Mystery of the Shemitah joins Metals & Markets to discuss the 7 Year Debt Cycle of Economic Crashes that has gone viral in the alternative media:
- Could a 7 year debt cleansing cycle called The Shemitah (literally The Collapse) explain the majority of financial crises in US history, and predict that the next major crash may be only months away?
- Cahn explains how WWI, England abandoning in the Gold Standard, The Great Depression, WWII, Black Monday, The 9/11 Market Crash, & the 2008 Financial Crisis ALL can be tied DIRECTLY to this debt cycle year- many down to the EXACT DAY!
- Does the debt cycle PREDICT THE EXACT DATE for the coming Global Financial Collapse?
- Last two US financial crashes occurred on the EXACT DAY predicted by the Biblical date of WIPEOUT– and the CYCLE WAVE PATTERN IS GETTING STRONGER!
- Could we see not only a dollar collapse, but the fall of America as a nation and empire in 2015?
The MUST LISTEN Special Edition Metals & Markets With NY Times Bestselling Author Jonathan Cahn is below: