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And The Second Best Performing Currency Of 2014 Is...
Gold...
Arguing that gold is not a currency? Tell Alan Greenspan...
GREENSPAN: Yes... Remember what we're looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.
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Gold and silver were put on sale in 2014.
Stock up.
The banksters need to repay us.
Stock up on steel and lead as well.
Will anyone ever say, "Well, the dollar's dead, but I still trust my pounds/euros/yen/renminbi?" No. The end of the dollar is the end of ALL paper money.
In other words, all fiat money will die, but the dollar will die last. That means we're in for some serious dollar strength, and gold might go to $500/ounce before it goes to $∞/ounce.
the pound stirling was swapped for the dollar. the dollar will be swapped for the yuan. the yuan will then control the forex market as only yuan crosses matter. the chinese will decide how to value the yuan(gold, currencies and commodities)
In other words, the central banks will chain all their respective ships together and hope this ungainly mass stays afloat.
cricketts............................................................
as they always have
but, but, what will the Chinese do with those dollars?
I mean, if dollars crash, won't that trash the Chinese?
Perhaps this will help, What Price...
Yep, from the dollar to the yuan.
Unless they run out of deliverable gold first, then it's game over!
I agree...the dollar will be the last man standing. With deflation making it stronger. Which might actually work, IF things were left alone at that point and allowed to adjust.
But of course that won't happen. Deflation doesn't work for people who need froth in order to skim, so the FED will drop a turd in the punchbowl and flood the economy with money to drive up prices. A LOT of money. And this time they'll make SURE it gets into the hands of consumers.
Then I think comes the hyper-inflation, and it will be global because everyone will have already run to the dollar. That's the end of modern day fiat, AND of 'globalism' as the world's economies go off like a pack of firecrackers. TPTB may find their militaries less than willing to accept dollars as pay, and all that fearsome Homeland Security/NSA/CIA etc apparatus could simply dissolve as soldiers and operatives just leave and join the other sides, bringing all their expertise and weaponry with them. Big finance at that point would be out of the picture, their dollar is worthless, and individual nations have seized their assets. They could end up on the run and hunted like Nazi war criminals.
We end up with a smaller, more regional economy, which will allow the use of gold and silver again. Fiat and centralization will be despised for many generations, and people will demand real money and their own regional control instead.
No global economy? No fiat? = No international bankers. We won't see the likes of JP Morgan and Goldman Sachs for a loooooong time after that.
Well, I can only hope...but history has been pretty consistent. These financial schemes ALWAYS end in tears, and society ALWAYS picks up the pieces and carries on. The huge mighty empires get broken up into their component parts and people go their own ways. Like Rome led to all the little nations of Europe.
Performing as in a comedic tragedy right?
The dollar loses against most products every year. How much did bacon cost last year?
There's only one money on the graph. The rest will become useless.
I buy PMs and property so I can tell the FED to fuck off and sleep at night. Works for me.
Because that kid at the 7/11 is as ignorant of economics as you used to be, it might not be a bad idea to keep a shoe box of small bills and coins until the word "Fiat" works it's way into the lexicon of the general population
Look... silver is on sale!