01 June 2011

Will There Be a US Dollar Collapse?

This is the LOGO from The Dollar Vigilante who says:

The Door is About to Shut for Americans:
(forewarned is forearmed)

"Anyone aware of the US Government's real financial situation knows that time is running out. The Government has $15.5 trillion in admitted debts but those debts, when calculated under Generally Accepted Accounting Principles (GAAP), or 'honest accounting', is over $70 trillion. $70 trillion divided by 300 million+ Americans works out to $233,000 per person in US Federal Government debt and obligations. Or nearly $1 million per family of four."

"...the US Government recently made it very obvious that funds held in retirement accounts are going to be the first to be taken when times get tough."

"There are two ways to look at the upcoming battle between the US Government and US citizens. You can stay and fight or you can run and hide ... If you would rather run and hide then one of the first things you should be looking to do at this time is to at least get a second passport. This is still legal for Americans and there are many options."

"If you live in the US and still have all your assets inside of the US, you likely have months, not years, to internationally diversify your assets and to get your affairs in order. Anything much after 2011 is taking a big risk of losing it all."

This is not all:

The war began with a press release.
Dated May 13, 2010 from the Central Bank of the Russian Federation

Who else but Russia. The Russian Central Bank was creating a new global currency, the “gold reserve dollar,” which would be issued by a financial agent in London and backed by tons of Russian gold shipped to secure vaults in Switzerland, the press release said. The goal: to drive the value of the U.S. dollar down by 75 percent overnight and wreak havoc on the struggling American economy.

And who is joining in, China: "Zhou Xiaochuan, the governor of the People’s Bank of China, called for the introduction of a new currency to replace the U.S. dollar as the basic building block of the global economy.

"The new system, Zhou proposed, would be operated by the International Monetary Fund and would protect global investors from American economic mistakes, which he diplomatically referred to as “inherent vulnerabilities and systemic risks in the existing international monetary system.” Driving home his point, Zhou said he envisioned a system “disconnected from economic conditions and sovereign interests of any single country.”

And these reports are from 2008, 2009 and 2010

All this and more vital personal accounts, news update, and stirring reminiscences from the wonderful Tamar Yonah Show on INN

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