This article describes some possible ways to survive a collapse in the international and domestic value of the US dollar. It also briefly explains how this problem developed and why no one can prevent it.
Since the creation of the Federal Reserve in 1913, the value of the US dollar has gradually declined by over 90%. Since this decline was gradual, few people considered it a crisis. However, the stage has now been set for a worldwide crisis. Government debt is increasingly out of control and no one has a viable solution to this problem.
The only solution being used is to flood the system with more dollars. As these new dollars enter the economic system, the value of the dollar is teetering on a cliff. Is the dollar collapse imminent? Many hard-money economists believe so.
Two underlying problems created this crisis. The first problem is the desire of the government to control the economy. They do this by first using bursts of money to heat up the economy. Then they increase interest rates to slow down the economy.
The second problem is the use of unbacked paper currency (not allowed by the U.S. Constitution), which allows the government to create dollars without limit. Throughout history whenever unbacked paper currency was used it eventually fell to its intrinsic value — zero.
One result of this collapse is that the US dollar (which can be created endlessly out of thin air) would no longer be accepted in international trade. Therefore, the cost of critical imports — such as oil, manufactured goods, and raw materials — would increase dramatically. As for our domestic economy, the value of the dollar would continue to fall. As for the eventual result, no one knows.
So the question is, what can you do to lessen the impact of this impending disaster on your life? Following are some suggestions:
* Adopt a frugal lifestyle immediately
* Begin growing and preserving your own food
* Do what you can to burglar proof your home
* Learn bartering techniques
* Learn ways to survive with little or no electricity, natural gas, fuel oil, gasoline, police protection, fire department protection, garbage collection, and sewage & water services
* Organize or join a group of like-minded neighbors for mutual support
* Purchase silver and gold coins and keep in your possession
* Search out and exploit opportunities in the new economy
I leave it up to you to decide what, if anything, to do about this possible scenario. You have been warned, my friend.
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