What Will Happen if the “Dollar Collapses” – China and Russia Drop Dollar

 China And Russia Drop Dollar

It is well known that the U.S. Federal Reserve continues to print money to pay down debts owed to countries such as China. It is also known that the Fed printed billions to “bail out” banks and create “stimulus” plans to boost the economy.

There are a lot of doomsayers on the internet and in media that say this devalues the U.S. dollar both locally and globally.

Technically their claim is correct: each dollar used to be backed by actual gold; that backing was removed in the 1970s and ever since then money could basically just be printed up.
But this is where the doomsayers logic ends.

Their belief is that because money’s value is only as good as the economy’s belief in it, the value can disappear because there is no gold backing the paper money.

Once confidence in the dollar is lost, many doomsayers say that the U.S. economy will completely collapse.

Dollar on fireThe U.S. dollar has been the world’s strongest currency for decades. Recently, however, this exalted position has shown signs of weakening.

A disturbing national debt situation and a sputtering economic recovery are the main reasons why Russia and China have each taken steps to distance themselves from the U.S. dollar.

According to an article in the Washington Times, Mikhail Degtyarev, a member of Russia’s nationalist Liberal Democrat Party, has submitted a bill to Russia’s parliament this past week that would ban the use or possession of the American currency.

The failed Moscow mayoral candidate cites fear of a collapse of the U.S. dollar as the basis for this bill.

“If the U.S. national debt continues to grow, the collapse of the dollar system will take place in 2017,” Mr. Degtyarev says.
“The countries that will suffer the most will be those that have failed to wean themselves off their dependence on the dollar in time. In light of this, the fact that confidence in the dollar is growing among Russian citizens is extremely dangerous,” said Mr. Degtyarev.

A similar ban was placed on the dollar during the Soviet-era. While not quite as extreme, this bill would prohibit Russian citizens from holding dollars in the country’s banks, and banks would be unable to carry out transactions in the dollar.

The bill would not prevent Russians from buying or selling dollars while abroad, however, and they could still hold dollar accounts in foreign banks.

Financial Analyst Andrei Shenk warns that the bill would harm Russia’s investment climate. He says, “The American financial system, despite all its existing problems, remains the most stable and low-risk in the world.”

This bill comes on the heels of an announcement that the Shanghai Futures Exchange could price its crude oil futures contract in the Chinese yuan.

According to zerohedge.com, the exchange’s chairman has stated that they are speeding up preparatory work to secure the regulatory approvals needed to make this move.

The U.S. dollar remains the world’s strongest currency mainly because of its status as the petrodollar, making it the only currency in which countries with weaker economies can purchase energy.

There have already been warning signs that the petrodollar collapse is on the horizon and this announcement will only add credence to these claims.

Much like the situation in Russia, the severity of this report may be a bit overstated according to some. Experts with direct knowledge of the plan have stated that the contract would be in both yuan and dollars.

Nevertheless, it does appear that both world powers are testing the waters to see what a global economy would be like without the U.S. dollar on top.

A few popular predictions are being made across the internet and in the media by doomsayers:
vanished and now gold is the only accepted currency. The concept cited is “hyperinflation.”

When the dollar collapses we will be thrown into a state of chaos and lawlessness.

Money will be burned like in Germany a few decades ago due to lost value. People will steal and commit other crimes to stay alive and with no economy there will be no one working to maintain the infrastructure.

Gold and silver will become the standard once again. Which is oddly suspicious, because when you Google anything about the dollar collapsing, you get a lot of sites trying to sell you gold and gold trading schemes.

Some have seen this problem coming for a long time and changed their entire way of life by going off-grid. They have found alternative sources such as solar, wind and diesel to power their homes and machinery. A majority of us, who have not gone off-grid, are making a concerted effort to avoid dependence on this ailing infrastructure and preparing for life without it.

This experiment is a microcosm of the national economy and even the global economy, paper money’s primary value exists only because the economy continues to believe in its value.
Technically you could pick up an orange and claim that oranges are equivalent to what was once $100. If a lot of people also believed it, you’d be buying and selling in oranges instead of dollars.

In the end one key concept came to mind when trying to dispel the doomsday predictions: As long as you have some currency that the economy sees as having value you can continue to make and spend money. Does it matter if that currency is the U.S. dollar, a Euro, gold, or an orange?

Survival Food Prepping Ideas/ULTIMATE Top Skills 2017

Discover how to survive: Most complete survival tactics, tips, skills and ideas like how to make pemmican, snow shoes, knives, soap, beer, smoke houses, bullets, survival bread, water wheels, herbal poultices, Indian round houses, root cellars, primitive navigation, and much more at: The Lost Ways

The Lost Ways is a far-reaching book with chapters ranging from simple things like making tasty bark-bread-like people did when there was no food-to building a traditional backyard smokehouse… and many, many, many more!

Here’s just a glimpse of what you’ll find in The Lost Ways:

From Ruff Simons, an old west history expert and former deputy, you’ll learn the techniques and methods used by the wise sheriffs from the frontiers to defend an entire village despite being outnumbered and outgunned by gangs of robbers and bandits, and how you can use their wisdom to defend your home against looters when you’ll be surrounded.

Native American ERIK BAINBRIDGE – who took part in the reconstruction of the native village of Kule Loklo in California, will show you how Native Americans build the subterranean roundhouse, an underground house that today will serve you as a storm shelter, a perfectly camouflaged hideout, or a bunker.

It can easily shelter three to four families, so how will you feel if, when all hell breaks loose, you’ll be able to call all your loved ones and offer them guidance and shelter? Besides that, the subterranean roundhouse makes an awesome root cellar where you can keep all your food and water reserves year-round.

From Shannon Azares you’ll learn how sailors from the XVII century preserved water in their ships for months on end, even years and how you can use this method to preserve clean water for your family cost-free.

Mike Searson – who is a Firearm and Old West history expert – will show you what to do when there is no more ammo to be had, how people who wandered the West managed to hunt eight deer with six bullets, and why their supply of ammo never ran out. Remember the panic buying in the first half of 2013? That was nothing compared to what’s going to precede the collapse.

From Susan Morrow, an ex-science teacher and chemist, you’ll master “The Art of Poultice.” She says, “If you really explore the ingredients from which our forefathers made poultices, you’ll be totally surprised by the similarities with modern medicines.” Well…how would you feel in a crisis to be the only one from the group knowledgeable about this lost skill? When there are no more antibiotics, people will turn to you to save their ill children’s lives.

If you liked our video tutorial on how to make Pemmican, then you’ll love this: I will show you how to make another superfood that our troops were using in the Independence war, and even George Washington ate on several occasions. This food never goes bad. And I’m not talking about honey or vinegar. I’m talking about real food! 

The awesome part is that you can make this food in just 10 minutes and I’m pretty sure that you already have the ingredients in your house right now.

Really, this is all just a peek.

The Lost Ways is a far-reaching book with chapters ranging from simple things like making tasty bark-bread-like people did when there was no food-to building a traditional backyard smokehouse… and many, many, many more!

And believe it or not, this is not all…

Table Of Contents:

The Most Important Thing
Making Your Own Beverages: Beer to Stronger Stuff
Ginger Beer: Making Soda the Old Fashioned Way
How North American Indians and Early Pioneers Made Pemmican
Spycraft: Military Correspondence During The 1700’s to 1900’s
Wild West Guns for SHTF and a Guide to Rolling Your Own Ammo
How Our Forefathers Built Their Sawmills, Grain Mills,and Stamping Mills
How Our Ancestors Made Herbal Poultice to Heal Their Wounds
What Our Ancestors Were Foraging For? or How to Wildcraft Your Table
How Our Ancestors Navigated Without Using a GPS System
How Our Forefathers Made Knives
How Our Forefathers Made Snow shoes for Survival
How North California Native Americans Built Their Semi-subterranean Roundhouses
Our Ancestors’Guide to Root Cellars
Good Old Fashioned Cooking on an Open Flame
Learning from Our Ancestors How to Preserve Water
Learning from Our Ancestors How to Take Care of Our Hygiene When There Isn’t Anything to Buy
How and Why I Prefer to Make Soap with Modern Ingredients
Temporarily Installing a Wood-Burning Stove during Emergencies
Making Traditional and Survival Bark Bread…….
Trapping in Winter for Beaver and Muskrat Just like Our Forefathers Did
How to Make a Smokehouse and Smoke Fish
Survival Lessons From The Donner Party

SOURCE : http://www.prepperfortress.com/will-happen-dollar-collapses-china-russia-drop-dollar/