Dollar Will Lose Global Reserve Currency Status, Says Central Bankers
Editor’s Note: In Jerry Robinson’s book, Bankruptcy of Our Nation, Jerry forecasts that by 2020 the U.S. dollar will lose its global reserve status. There is more and more news that points to this forecast becoming reality. As the world recognizes the economic problems in the United States, they will gravitate toward safer currencies in the years to come.
Food Prices Surging at Highest Rate in Over Two Decades
Corn futures are up 98 percent, wheat gained 67 percent, raw sugar advanced 44 percent, and rice jumped 25 percent.
The Future of Oil and the End of the Dollar
My basic thesis is that the U.S. is an empire in decline. In the past, it has made some brilliant moves that secured its place as the supreme economic, political, and military leader of the globe. But in its twilight years, America has fallen prey to the common trappings of empire: military overreach, an entitlement mindset, and currency depreciation.
America’s Petrodollar System: A Timeline of the Rise and Fall of the U.S. Dollar
When will the U.S. Dollar collapse? Here’s a brief timeline that summarizes the rise and fall of the U.S. Dollar. It also details the decline of the dollar due to the petrodollar collapse.
What a Hamburger Can Teach Us About the Coming Dollar Collapse
To help understand the faltering petrodollar system, I often use an illustration about a hamburger stand. Here it goes…
Meet the System That Will Collapse the U.S. Dollar
The coming breakdown of the global petrodollar system will result in the total and complete collapse of the U.S. Dollar. And yet, very few people have even heard of this system, let alone understand it.
Diversifying with Foreign Currencies: 9 Currencies That Are Outperforming the U.S. Dollar
In this article, I will introduce the concept of using foreign currencies for savings diversification and will discuss nine currencies that have outperformed the U.S. Dollar.
The DSL™ Savings Strategy 101 – Diversification With U.S. Dollars (Part 1)
Welcome to a new financial teaching series on our DSL™ Savings strategy. In this first teaching article, I will briefly explain some of the various ways in which you can hold your one-third in U.S. Dollar denominated dollars when using our DSL™ Savings strategy.
7 Economic Consequences of a Dollar Collapse
What would happen if the U.S. Dollar were suddenly dropped as the world’s reserve currency? Here are 7 economic consequences of a dollar collapse.
U.S. Dollar Breaks New Lows
On Monday, the Dow Jones Industrial Average climbed back above the 12,000 level in intra-day trading, for the first time in a week, on news that AT&T would buy T-Mobile for $39 billion. The merger would make AT&T the nation’s largest wireless carrier.
Absolute Devastation in Japan
The unbelievable devastation in Japan dominated the 24-news cycle. And a shocking new video emerges from the moment the tsunami struck the nation…
13 States Say Dump the Dollar, Bring On the Gold!
Since 1971, American money has been valuable only because people perceive it to be valuable since the American government officially backs it. Prior to that, American money had a kind of intrinsic value as well – it was backed by gold held in Fort Knox and at the Federal Reserve. Some states however have decided that it’s high time that things changed back to the way they were. They’re looking to take their citizenry back to the gold standard.
FTMDaily News Update – The “Wealth Effect” Deception
Some Fed policymakers are getting nervous at the quickening pace of what they perceive to be an economic “recovery.” New questions about whether to prematurely end the Fed’s $600 billion bond-buying program…
Another Sign of the Dollar Collapse: World Bank Issues First Yuan Bonds
While the yuan is still years away from being able to displace the dollar in global trade, it is inevitable that the U.S. dollar will continue its downward trend which will require the rise of other currencies. The two contenders to watch closely in the coming years are the euro and the yuan.
UN report: Abandon the U.S. dollar
The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency.