What is dollar collapse?
The dollar collapse is no longer a secret. Almost everyone seems to know of this. The collapse of any given currency generally implies the absolute devaluation of a given currency in relation to others in the world. The collapse of the dollar, however, means this and much, much more. This is owed to the fact of the US Dollar’s unofficial status as world currency, alongside the Euro since the Bretton Woods agreement.
Numerous nations around the world have since pegged their currencies to the dollar as it has provided them with a hard currency they could base their reserves on. Most even use it to settle trade transactions internationally. This means that a greater percentage of the world’s commodities are priced and traded in US dollars, and thus, dollars must come in play at some point.
What The Dollar’s Collapse. Will Mean To The World
Over the last few days, there has been a number of articles in the media about the steady decline of the $US against the Euro. While many economists have forecasted the possiblity of the dollar declining against the Euro for sometime, most do not comprehend the significance of this. Some believe that the decline of the dollar against the currencies of American’s trading partners will help correct the USA’s trade deficit, and the dollar will stop falling when the trade imbalance is corrected. However, the evidence is that the opposite is happening – the $US has declined 40% against the Euro over the last 2 years, and during this time America’s trade deficit has continues to deteriorate.
There is now nothing the USA can do to prevent the collapse of its currency, and its economy. It has no reserves to support its value, and has the most indebted country in the world, is dependant of the credit from America’s former enemies. Over the last couple of days, both Russia and China have said they will be switching their considerable dollar reserves into Euro. This will only hasten the lack of confidence in the dollar, creating a global lack of confidence in the currency, and setting into free-fall. It will soon bring about the total collapse of the dollar, and the American economy.
The collapse of the dollar will throw the world into a global depression. Those nations with large external debts will not be able to trade sufficiently to earn the income to service their debts, and will slide into bankruptcy. The economies of New Zealand, Australia, Canada and the UK will also totally collapse, as a result of their indebtedness and not being able to service their borrowings. It will result in the Anglo-Saxon nations facing abject poverty, our people facing starvation, and a total break-down in society. Crime will become rampant. Law and order will cease to exist. Disease will become widespread.(rense)
We know a collapse is coming… If you’re paying attention you probably have the distinct feeling that we are in the middle of it right now. And guess what? The government and military know it’s coming too, as evidenced by large-scale simulations of exactly such an event and its fallout.
But the collapse of our financial system, or hyperinflation of our currency, or a meltdown in US Treasuries is only the beginning. We know some or all of these events are all but a foregone conclusion.
What we don’t know is the timing of the trigger event that causes the global panic to ensue and what will happen after these primary events take hold.
According to Jeff Thomas, while we can’t know for sure, the following “secondary events” are the most likely outcomes when the system as we have come to know it destabilizes.(Mac Slavo SHTFplan.com)
An imminent $100 Trillion dollar collapse
What could happen after the dollar collapse. Look What Will Happen After The Dollar Collapse