Originally Posted by
regaleagle
Precious metals is the ONLY protection against a currency implosion......which is what is exactly happening behind the scenes worldwide to the Almighty American Dollar. That means anything and everything based in dollars will greatly devalue(30%) when the big banks eventually collapse. The Western banking system is gonna go bye-bye and be replaced by a new gold-backed Treasury Notes system for world-wide trade. That means the Western Banking Cartel(US, Europe, Japan, et al) will become subordinate to the Chinese and Russian-backed currencies which are gold-backed. The trickle down hits home here in the USA to our back pockets as our internal dollar will then follow with devalutations that are estimated to dip below 25% initially, and perhaps another 25% sometime thereafter. In other words, trade will be based on gold-backed treasury notes and those countries with all the gold(Russia & China) will make the rules and control the trade. The Western economies will need to become re-industrialized (internally) in many new ways in order to quell this new shifting paradigm in world commerce. This could take a decade of suffering before the West could rebound.....not counting any wars. Wars are expensive in every way.....and the Western nations will no longer be able to afford them. They can't now, but the Western Banking Cartel uses their powers to stay afloat now. This will all be ending very soon, folks......so pull up your britches and get ready. Coming to your local bank soon. Go find a good credit union.....if that will help. The only thing that will help will be precious metals. You heard it here first about 3 yrs ago.....remember???