Originally Posted by
regaleagle
I'm sorry you are not as alarmed as you should be, or perhaps not as versed on the worldwide economies as every American needs to be right now. The US will lose their position as the dominant financial country when the dollar loses its reserve currency status as this coming collapse unfolds. Whether it's the Chinese Renimba or some other currency, this time the New World Order currency will again be backed by gold...believe it. The standard of living we have enjoyed in the US since the 1944 Bretton Woods Agreement will no longer exist. And since 1971 when Nixon removed us completely from the gold standard, the US has printed its way to world dominance in trade. China is now the world's new leader in both trade and gold reserves....a documented fact. They are also the world's largest producer in mining of gold yearly, and do not sell or trade ANY of it. The East(esp. China/India) are countries that have emerging economies....the West(US, Canada, Europe) have economies that are so debt-ridden in enormity there is no answer to solving the delimma for at least another decade or two. The stock market is not money....is not wealth.....it is merely backed by paper. True wealth is and has always been stored in gold(and silver) thru the centuries. It cannot be printed into oblivion, it is scarce. There's not enough above ground in today's world to use as money, but it can be used to back a form of currency that can be supplied to the world. Look for a huge upward push in PM's in 2014. Prepare now for some sort of plan to get you by in the event that a collapse causes a food, energy, and water shortage that could last for as much as a month. Some sort of personal protection might be a good idea also. If you live in a major metro area, you will be in one of the most undesirable areas to be if such a collapse does occur. I'm not close to being prepared myself, but all the signs are showing up and things are coming to a head quickly now. It don't look good for the home team....I know that much for sure.