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.
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.
To help understand the coming dollar collapse due to the faltering petrodollar system, I often use an illustration about a hamburger stand. Here it goes…
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.
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.
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.
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.
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.
The unbelievable devastation in Japan dominated the 24-news cycle. And a shocking new video emerges from the moment the tsunami struck the nation…
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.
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…
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.
This Week’s Topic: How (And When) The Dollar Will Collapse. This week’s special guest interview: Bill Provenzano known as the Christian Trading Coach. Follow the Money Weekly Radio is a financial radio show about the stock markets, commodities, energy investing, the global financial crisis, how to prepare for the coming hyperinflation, where to invest money, how to buy gold, how to buy silver, saving money, finding a financial advisor, and paying off debt. Hosted by economist and best-selling author, Jerry Robinson. For the best in financial news, listen to the Follow the Money Weekly Financial Radio Show.
To hear the entire program, click here.
A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value.
“The dollar has proved not to be a stable store of value, which is a requisite for a stable reserve currency,” the U.N. World Economic and Social Survey 2010 said.
The small southern California city of Maywood has hit on a unique solution to its budget crisis. Crushed by the recession and falling tax revenues, the city is disbanding its police force and firing all public sector employees.
Russia may add the Australian and Canadian dollars to its international reserves for the first time after fluctuations in the U.S. dollar and euro.
The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress.
People can change the volume, the location and the composition of their income, and they can do so in response to changes in government policies.
The federal government is now $13 trillion in the red, the Treasury Department reported Wednesday, marking the first time the government has sunk that far into debt and putting a sharp point on the spending debate on Capitol Hill.