The slow, but ever increasing slide of the dollar into oblivion, could be stopped and even rescued. Not by me and you, but by the Tea Party Republicans if they wipe clean the Democrat slate next year. If Tea Party Republicans can take the Senate and get rid of the RINOS (Republicans in name only), and elect a President of the same ilk, the dollar might be saved by balancing the budget for the first time since Andrew Jackson. (Bill Clinton DID NOT balance the budget). This would not pay down the debt, but that would be a start. As an example of RINOS, Ohio just passed, by the narrowest of votes, a law that surpasses even the Wisconsin situation. Six RINO Republicans voted against it, along with all Democrats.
The dollar has withered so much, that it is threatened with losing its status as the world’s “Reserve Currency.” Being a ’reserve currency,’ simply means that basic commodities and other currencies are measured by the reserve one. That’s why gold, silver and oil are priced in dollars world wide. The way to preserve the title of ’reserve currency,’ is to stop borrowing trillions of dollars, and totally balance the budget. Go not a farthing in the red. The national debt would not increase a single penny. A Balanced Budget Amendment to the Constitution would be nice, and probably necessary to throttle the D.C. Gang into submission.
If the buck were to lose the designation of the ’world’s reserve currency,’ dollar prices in everything would escalate into the heavens. We would quickly become a literal third world nation. Our dollar would buy nothing in the world market, and those selling to us could name their price. We could do nothing about it. If the dollar ceased to be the world’s reserve currency, what would happen to us is literally unimaginable, so tragic it would be.
Are Americans and politicians smart enough to realize that we are standing on the edge of a cliff? I hope so, but I also doubt it. Wisconsin is classic. Governor Scott Walker is doing all he can to balance his state’s budget, and it is painful but imperative that it be done. New Jersey’s Chris Christy is doing it, and wouldn’t he make a fine President? American public employees have been overpaid and over-benefitted for so long, that it will be very difficult to break them of their expensive habits, but it must be done. States cannot print money to pay their bills, but must actually pay them with tax receipts. The D.C. spenders can just print to pay, and this must stop, or we lose not only our reserve currency status, but if this happens, it will be a tragedy the mind simply cannot comprehend.
Is America really sick and tired of Democrat lying and spending? Are Republicans tired of “RINOS” enough, to throw them out? The current time period in America, to me, is so critical as to be a matter of life and death. If we can’t pull it off in 2012, it is hopeless, and total bankruptcy is in the works. We’ve been bankrupt for decades already, but total and irrevocable bankruptcy would cause riots, civil unrest, and destruction, which only a special effects Hollywood artist could create. There would be no welfare or handouts of any kind, and the dollar would lose value every day as in Germany in 1924. Savings would evaporate, as they are doing now, but ever so much more quickly. Prices would eventually change every hour, and things we depend on, such as electricity, water, sewer, transportation, fuel, and food, would be disrupted and even impossible to get. Big cities would be left in ruins, with tens of thousands of deaths. America’s 200 million guns in private ownership, would protect those owning them.
Am I exaggerating? Maybe, but only time will tell. Few if any civilizations have ever been able to revive themselves, and all have disappeared because of monetary bankruptcy. It would take a strong willed federal legislature to save the American Nation from utter insolvency. Bad habits such as alcoholism, nicotine or drug addiction, are very difficult to conquer, and when a nation is in debt currently of over $14 trillion, with promises of future payments of close to $200 trillion, the problem is probably insurmountable. That is why everyone should get out of failing dollars, and into tangible, beautiful, historic money, namely gold and silver. This is also why I urge people to get out of not only dollars, but big cities. You decide. If the budget were balanced, fratricidal warfare might result. If it isn’t balanced, we go down in ruin. Neither is pleasant. The Wall Street Journal, on March 2nd had an article titled, Why the dollar’s reign is near an end.”
Silver is becoming more difficult to obtain. A shortage of manufacturing capability, not silver…at least so far. There’s a three week delay on A-Mark Rounds, and all because of an increase in demand. Why an increase in demand? Because a very small percentage of Americans and the world are beginning to wise up. The number of people getting the obvious message of currencies becoming worthless eventually, will continue to rise until it becomes so strong that metals will go so high, that current prices will seem to be utter bargains. Better get on board before the train leaves.
Tired of hearing about lawyer’s ads on mesothelioma? Lawyers are interested in themselves, not anyone who might vaguely have mesothelioma. Metals dealers who call and advertise are ’mesothelioma lawyers’ and are interested in themselves, not you. We hear it every day. We do no advertising, and wouldn’t dream of bothering anyone with phone calls.