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This is a guest post by The Golden Truth.
“There will be two social classes of American in the future: those who sell their U.S. dollars today and buy gold and silver and those who buy into the false hope of an economic recovery.”
I suspect that there is a lot of factual information and news reports in this 30 minute documentary that most people who view this video have not seen. Some of the best footage is of Congressmen grilling Banana Ben Bernanke under oath and his obvious discomfort with the questions and, for those who know the facts, his obvious lies.
“Eventually this dollar is going to stop working and everybody is going to know what poverty is all about.”
“Unfortunately, those who buy real estate this time around will get slaughtered.”
Consider this video as yet another huge warning shot directed your false sense of well-being. And also consider that in Weimar Germany, over 80% of Germany’s citizens clung to the false hope of their national currency and held onto the (Renten)mark until it was completely worthless by late 1923.
Presented by the National Inflation Association:
“Those who cannot remember the past are condemned to repeat it.” – George Santayana, poet and philospher.
Consider that during the course of this decade, gold and silver have both appreciated well over 450% against the U.S. dollar. This is without the benefit of perceived inflation and without most large institutions and small investors participating in the “stealth” bull market. Imagine what will happen to gold and silver when serious inflation hits the system, as a result of the catastrophically reckless fiscal and monetary policies being imposed upon us by the Federal Reserve and our Government … GOT GOLD?
Readers who liked this also enjoyed these posts:
The Interest Rate Argument Against Gold
The New Clothes of the Emperor’s Children
Dead Battery of the Decade Award: Alan Greenspan
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There is a lot of sensationalism with videos like this one and a lot of statements from guys like Peter Schiff. If the US$ is truly going to be worthless, than not just the US but the world will be in great trouble.
Gold and Silver can be financial insurance. Trade and invest in the shares to make money. If you really want to protect yourself from a complete collapse in the US$, then Gold isnt going to help. You need to move to New Zealand or someplace remote and buy a farm. Start reading up on survivalism.
When you hear the words collapse and worthless, consider what they really mean- because they are misused and misinterpreted. Has the economy collapsed? Is GDP down 90%? I dont think so.
The US$ wont ever be worthless- it will be backed, at least partially, by Gold before it ever goes worthless. And if the US$ is worthless, then it will drag down the Euro, Yuan, Loonie, etc.
All this being said, Gold went up 25x in the last bull market. It can still go up 5-10x without there being a collapse in society. And all this stuff is nothing new. Currency inflations and depressions have happened numerous times in the last 200 years.
I agree this video is one-sided. But I think there is some good food for thought in there.
True, I didn’t intend to discredit the whole thing. It’s great for sure. I just don’t like the sensationalism.
Me neither. I debated whether to post it, but it’s thought-provoking.
USA Does have worth but it wont be our worth anymore.. Countries like China, Japan, and other Private Sectors has invested interest in our land if these debts aren't paid back… If our economy continues on the path of reckless spending, rest assured a collapse is inevitable. As of right now.. the way I see it.. its a matter of time.. All it takes is one or two more destructive presidents to bring the whole house of cards down…
Remember we now owe 12 trillion dollars and counting.. yikes!!!
dollar bubble is a great clip, the best is esoteric agenda on google video
http://www.MySilver Bars.com
The dollar bubble and defict bubble do worry people a lot. Not sure what is the solution yet. We have had many big issues in the past, depressions, wars etcs. We should be able to find better solution for this, not simply buying gold or silvers.