Will The Dollar Collapse In 2014?

| December 10, 2013 | 0 Comments

Will the Dollar Collapse?

That seems to be the question on a lot of people’s minds but will the dollar collapse in 2014?  Lets see what some of the latest news is.

US in economic collapse as China, Russia ‘moving away from using dollar’
The United States is experiencing an “economic collapse” because major powers like China and Russia have decided not to use US dollar in trade, a political analyst says. “The American … I know a family of four, with two jobs, who must do this.

Russian lawmaker wants to outlaw U.S. dollar, calls it a Ponzi scheme
“If the U.S. national debt continues to grow, the collapse of the dollar system will take place in 2017,” said Mr. Degtyarev, a member of the nationalist Liberal Democrat Party who lost in Moscow’s recent mayoral election. “The countries that will …

Well, according to Mr. Degtyarev, will the dollar collapse the collapse won’t happen until 2017 but the question we should be asking is not, “when will the collapse be” but, “does it really matter when?”
Take a look at this chart showing the declining purchasing power of the U.S. dollar.

A $100 bill from 1900 only has the purchasing power of $3.48 now!  So the question we should be asking is, “What can we do NOW to protect ourselves from the declining value of the dollar and the possible dollar collapse.

Lets compare the value of gold over the past 150 years or so to the unbelievable declining value of the dollar.

Youprice of gold can see from the graph that the value of gold remained relatively low for about 120 years.

The primary reason for that is because from around 1930 until 1971 the price of gold was fixed by the U.S. Government at about $35 per ounce.

In 1971, President Nixon totally eliminated any ties between the U.S. dollar and gold.  From that point on the price of gold was determined primarily by its demand.  In other words, the price of gold started being determined by its intrinsic value.  Remember, intrinsic value is something the U.S. dollar no longer has since it is no longer backed by gold!

Don’t Ask Will the Dollar Collapse.

You should see by now that it doesn’t really matter if the dollar collapses or not.  With its continual declining value you need to start protecting yourself by taking some of those basically worthless pieces of paper and trading them for something that will always have value…Gold!

If you start acquiring as much gold as you can starting now and do it consistently, you will not only be protecting yourself from the inevitable declining value of the dollar but also the very likely total collapse of the dollar!

So, Will the Dollar Collapse?

I can’t end this post without at least trying to give you an answer to what you were asking, “Will the dollar collapse?”  Too many people are asking and really want to know, “Will the dollar collapse?”  “When will the dollar collapse?”

Because our U.S dollar is no longer backed by gold it has become what is known as a fiat currency.  A fiat currency is not only currency that is not backed by gold but currency that is not backed by any tangible thing with intrinsic value.

Having said that, I can now tell you that it is a historical fact that 100% of fiat currencies have failed!  In other words, they collapsed!

The average life expectancy of a fiat currency is about 27 years so, if past history is any indicator, the odds are very, very likely that our U.S. dollar fiat currency will fail as well.

Of course, I can’t tell you that the dollar collapse is a certainty but its likelihood along with the fact that the dollar is declining in value has led me to the decision to acquire as much gold as I possibly can!  That is also my advice to you.

It’s very important that as many people as possible hear and see the information presented in this post.  In fact, I’ve made it my life’s mission to share this information with as many people as possible.

With that said I have to ask, “Would you please help me with that mission and share this post with as many people as you can?”

Thank you in advance.

Rodney Bruce

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Category: State of the Economy, Why Invest in Gold

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