A currency crisis is coming to the US and it’s only a matter of when,
not if. Many have been warning about it for years, from politician Ron
Paul to economist Peter Schiff to many other voices in the alternative
media. It’s a mathematical certainty, and a question of when, not if.
Recent events, within the US and abroad, are beginning to indicate that
it’s going to happen sooner rather than later. No one knows exactly
when; there are way more predictions that don’t come true than those
that do. However, making an accurate prediction of the exact date
when the currency crisis hits is not as important as getting
spiritually, mentally, financially and physically prepared for it.
Currency Crisis Rather than an Economic Collapse
When I use the term currency crisis to describe what’s coming, I don’t necessarily mean an economic collapse.
There was an economic collapse in 2008 when the stock market crashed
and the real estate/housing bubble burst (just as other bubbles have
burst in the past like the dot.com bubble), but many ordinary
Americans were unaffected by that. I am saying that a currency crisis
will occur and that it will affect everyone, even people living outside
the US, but especially those living inside the US and holding the
majority of their wealth in US dollars. By currency crisis I mean the
destruction of confidence in the US dollar to the point where people and
nations do not trust it anymore as a safe storage of value, and do not
want to use it any longer to transact.
Watering Down the Dollar to Escape Debt
Ever since the end of World War 2, the US has enjoyed tremendous
prosperity, partly due to the US dollar acting as the world’s reserve
currency, and also partly due to the institution of the petrodollar,
the system whereby nations must trade oil in US dollars. However, both
of these are starting to break down. The US has gone from the world’s
largest creditor nation to the world’s largest debtor nation. Since all
this debt is denominated in US dollars, the elite cabal in charge of the
US dollar, the Rothschild-Rockefeller Federal Reserve cartel, decided
to do what any criminal would do: water down the debt so as to not have
to pay back as much. Think about it: if you owed money in a certain
currency to someone, and if you were in charge of determining the value
of that currency, and if you had no scruples, wouldn’t you just make the
value of that currency worth less to save yourself money?
This explains the disastrous rise in the US money supply we have
witnessed in the last 10 years or less, so extreme it is without
historical precedent in America. The money supply has increased
exponentially since around 2006. The US national debt stands at around US$18.271 trillion; the first $8.5 trillion of debt took 216 years to accrue (from 1790 – 2006), whereas the next $8.5 trillion of debt took only 8 years to accrue (2006 – 2014). As Michael Snyder writes, the US national debt is now more than 5000 times larger than it was when the Federal Reserve was created back in 1913!
The big consequence of the US Government trying to escape its debts
is that people begin to see all these excess dollars in circulation.
They realize that each dollar is now worth less, because there are way
more of them. That’s inflation. With the watering down of a currency
come the inevitable watering down of confidence. And confidence has been
all that has been backing the US dollar ever since 1971 when Nixon
suspended the convertibility of dollars to gold, or took the US dollar
off the gold standard. Once confidence is gone, it is very difficult or
impossible to regain.
BRICS and a New Reserve Currency
That is why nations around the world are starting to make other
arrangements. Iraq’s Saddam Hussein and Libya’s Muammar Gaddafi both
tried to break away from the domination of the petrodollar in attempting
to sell their oil in other denominations. Sadly, both were demonized by
the elite-owned western mainstream media, had their countries invaded
on false pretenses and were ultimately assassinated. However, the game
has changed since then, and now a group of powerful nations known as
BRICS (Brazil, Russia, India, China and South Africa) have begun making
their own trading arrangements. China has even come out urging the IMF to consider its currency the Renminbi as the new world reserve currency,
and recently founded a new international development bank in an attempt
to create an alternative to the Anglo-American dominated IMF and World
Bank. Even traditional American allies like Australia and Britain jumped right on board with this new bank, much to the dismay of the US.
For far too long, the US has been living in a fake, fantasy economy.
The coming currency crisis represents the tipping point we are about to
reach when a critical mass of people, investors and nations completely
lose confidence in the dollar. At that point, the cost of financing the
debt becomes too much, interest rates start to rise again, prices
skyrocket, there is hyperinflation and – all of a sudden – people’s life
savings are worth a portion of what they used to be worth. It’s a scary
scenario but the natural, inevitable consequence of the reckless
borrowing and money-printing the US Government has engaged in for the
last decade or so. Remember, the US Government can declare fiat or paper
money as legal tender, but it can’t legislate confidence or generate
trust in it.
Official Stats Show True, Sickened State of the American Economy
Official US Government statistics paint a true picture of the state
of American finances (see Stefan Molyneux’s video embedded above). More
people than ever are on food stamps and welfare; the Government is
fudging the figures to hide the real number of unemployed; and the
Government has no real way to pay pensions and social security going
into the future. When the currency crisis does hit, the dollar will
either crash to zero or be severely devalued – and it could all happen
in a matter of hours, not days, weeks or months. It could get ugly. When
prices skyrocket, pensioners and others on a fixed income will be the
worst affected, since the same amount of income will only buy a fraction
of what it used to. A bank holiday may be declared to stop a run on the
banks; ATMs and other ways to access cash may be shut down; there may
be riots and social unrest; martial law may be declared.
Will the Currency Crisis Occur in 2015?
Will the currency crisis occur in 2015? No one knows, but if so, it
might explain why the elite have scheduled Operation Jade Helm 15 for
this year. In politics, nothing happens by chance, as FDR once said. See
this article for more on the deeper implications and causes for concern regarding Jade Helm,
but basically, it violates the centuries-old legal principle of Posse
Comitatus (an Act passed in 1878) which forbids the US military from
being deployed on US soil. It declares certain states as hostile –
especially Texas, which just so happens to be home to a massive number
of gun owners, patriots and secessionists who would fight the Federal
Government to the death (Texas, by the way, just passed legislation to build its own gold depository
and demanded US$1 billion of its gold back from the NY Federal
Reserve!). It further blurs the distinction between the police and
military. It encourages the US military to become a guard-dog and
private army of the elite, able to be deployed against anyone whom the
elite declare “an enemy of the State”. Is this all just a
coincidence? Citizen journalists have caught copious video footage of
military vehicle movements around America in the last few months. Is it
just a coincidence that some of this is happening in Jade Helm states,
such as California, Nevada and Texas?
We don’t know why all this is happening, but one thing’s for sure:
you need to get informed and prepared. The writing is on the
wall. Knowing about all these possibilities helps you connect the dots
together and make better decisions from an informed state. Forewarned is
forearmed. On a practical level, invest in tangible things such as food
and water reserves, gold and silver, survival supplies, and real estate
or farmland. Use the upcoming currency crisis and Jade Helm as a
wake-up call – the fantasy economy can’t go on forever.
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