No, this is not about dollars going down in value, but disappearing entirely. Vanishing, in the wink of an eye, never to be seen again. It happens all the time.
In the ‘great depression,’ trillions of dollars vanished, when the stock market crashed. It recovered, and then crashed again, taking more dollars with it. People, who had their retirement, investments, security, and savings, all lost their money in the two crashes in the 1920’s and 1930’s. Then, Roosevelt declared a ‘bank holiday,’ and hundreds of banks, took a permanent vacation, and never re-opened again, taking their depositors’ money with them. My parents, lost their money in a bank, which never re-opened. Their money was gone, and was never to be recovered.
While millions lost everything in the depression and bank failures, gold remained at the same price of $20.67. ($2800 today!) If everyone had all their wealth in gold coins or bars, they would have been fine. When the savings outfits went bust, more hundreds of millions were lost from Lincoln Thrift, and others, whose managers had invested wrongly, and stole their depositors’ cash.
Gold, is so permanent, that if it is recovered from the bottom of a salt water ocean, after hundreds of years, it still looks exactly like it did, when the long-gone boat sank, and took gold with it. Gold, has been historic money, in all nations, at all times, in all currencies, at all points in history.
America, now has over $37 trillion dollars in federal debt, and trillions of dollars, of non-federal debt, in mortgages, car loans, and credit card debt. Corporate debt, is in the tens of trillions, and all this debt is payable in ‘dollars.’ Just last week, it was disclosed that Iran, has sent hundreds of millions of U.S. dollars into Syria. Were they real or counterfeit? Who knows?
All of the above debt, was created in dollars. Dollars, created by filling out forms in banks, or loan agencies of all types, be they the corner bank, county, city, and federal governments, credit cards, and probably thousands, in other forms of debt creation. The term ‘Monopoly Money,’ sounds far-fetched, and silly, but remember, that ‘Monopoly Money,’ is not un-limited. It is limited by the Monopoly Board. When a Monopoly player, goes bankrupt, that money in the game is gone, and the game is over. All of the many trillions, of dollar debt, was created, but not released, if you end the Monopoly Game, shut the board, and do something else. That debt, is expected by the loaners, to be re-paid by the borrowers. How can the trillions of dollars ever be re-paid?
IT CAN NEVER BE RE-PAID, OTHER THAN BY PRINTING PRESSES
When this debt is not re-paid, some re-possession of goods, property, cars, and whatever security was supplied, can be done, but that will cause businesses, corporations, and individuals, to go broke also, and the stock markets may crash, and the dollar become like reichsmark, and be used for wallpaper, or to start a fire on a cold winter morning.
The whole point of this, is to save in physical things of universal value and acceptance. Things easily stored, and transported in emergencies. Diamonds, have been used at times, and in Germany in World War Two, many Jews, stored their wealth in diamonds, and even ate them,
to be recovered, as you know how. Diamonds, without being professionally graded by GIA, are of unkown value or quality. Gold and silver, garnished the Israel Tabernacle, in huge amounts as described in Exodus 25.
Pieces of paper with ink on them, even recorded ones, computer entries, and promises, mean nothing, in times of collapse, quick or slow. The dollar has lost 99% of its value and purchasing power, over quite a few decades. So slow, that 95% of Americans, don’t realize it is happening, and continue to store dollars in savings accounts, CD’s bonds, and my favorite; bit-coins. That’s why Colorado Gold is available at your telephone. Look up our people on the web site at coloradogold.com