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 The 3 (or 4) Ways the Dollar Could Die: Financial Crimes to Trigger a Collapse – Ron Hera
Ron Hera from Hera Research joins me to discuss the FOUR ways the Dollar could die. Ron believes the most frightening and imminent possibility leading to the death of the Dollar is not lost confidence in the Dollar or in the Treasury market, but rather in the financial markets as a whole — as Ron puts it, it is the unpunished and rampant financial crimes that will likely lead directly to a Black Swan event which in turn will lead to a total collapse. 25 comments to The 3 (or 4) Ways the Dollar Could Die: Financial Crimes to Trigger a Collapse – Ron HeraLeave a Reply |
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Sean- Thanks for all your hard work and for this latest interview. Have a great day!
Hey thanks a lot Tom – have a great week, and… ‘Happy Halloween’ all!
I agree with this guy. I have been saying for 2 years that this whole collapse is going to take a lot longer than most in our camp think. This guy really laid it out for us. We’ve got a least 2-3 years to go before a collapse occurs in my view. I’m glad to see someone in my timeline camp.
Tom this is where I revisit the facts. 1) There is no money. It was eliminated in 1933 and morphed into the matrix currency credit/debt. (read the chicago federal reserve publication “modern money mechanics”)2)There is no free markets by virtue of the fact that the Federal reserve can issue any amount of their privately owned private currency in any amount and at time they want. Therefore there is no amount of time or money that could cause the fed to collapse because it is all based on fictions (The Matrix of Control).THE PROBLEM THE BANKSTERS HAVE IS WHEN LIVING BREATHING PEOPLE WAKE UP AND REALIZE THE WHOLE SYSTEM IS BASED ON FICTIONS(none of the contents of the matrix exists, it is all imaginary)Their biggest fear is when everyone says the king has no clothes, then the game is over for them.Until then they will attempt to perpetuate the myth that there is money and debt and that we should all care about these imaginary things.Peace
We know it’s coming. It’s just a matter of “when”. That’s what is so difficult.
Interesting interview.
Cant help feeling he is being a bit optimistic about the Dollar surviving as the worlds reserve currency. That role is slipping by the day.
Indeed it could be argued that the dollar has already lost its reserve role – just look around and see how most of the big hitting nations are settling their trades today outside the dollar. Include the rush back to the traditional reserve currency of Au that we are now seeing all around the world and clock is surely at 2 minutes to midnight.
Contrary to popular belief, just because the dollar is no longer the global reserve currency it does not mean that the dollar also ceases to be a globally exchanged currency. Nor does it mean that it will collapse as soon as its reserve status is officially lost (unofficially it already has lost this status in my opinion). This difference is sometimes not made clear. The British pound sterling did not ‘collapse’ into nothingness as soon as it lost its defacto reserve status and neither will the US dollar.
What is likely to happen to the dollar is its significant devaluation against other currencies.
In my opinion a dollar collapse is likely to be self induced rather than forced from abroad. Fraud in the US is rife and is beginning to be seen as normal and usual, rather than exceptional. The bigger the fraud the less the relative punishment. A combination of financial fraud, loss of gold ‘reserves’, the collapse of various bubbles (including the derivities bubble), and ridiculous expenditure maintaining a global empire will eventually end the dollar. QE to infinity is hastening this process.
For those in the US who have gotten used to living off the sweat and blood of other human beings around the world (by buying their labour, resources, and goods with an artificially inflated currency) the loss of the dollars reserve status and its subsequent steep devaluation, not collapse, devalution, will result in much higher prices in the stores and at the pumps priced in Dollars (Gold and Silver will appear to ‘rise’ in price against a devaluing dollar). To some, particularly the low paid who cannot absorb the increases, a significant and continued dollar devaluation may indeed feel like a collapse.
The dollar will however live on domestically and abroad, just as so many other currencies do today. The dollar may be ‘dead’ as THE (reserve) currency but it will not be dead as a currency.
As for China, they do not appear to have any desire to be the new reserve currency – a strong and internationally traded currency backed by trade, Gold, and industry yes, but reserve no.
Chinas lack of a large navy was mentioned. China, as a nation without global imperial ambitions does not need a vast navy such as the British once had and the US currently have. China may have regional ambitions but it does not seek a global empire, therefore it does not have to build, maintain, and protect giant targets for nuclear tipped hypersonic missiles or nuclear tipped super-cavitating torpedos. Therfore the Chinese do not need a vast navy to go toe to toe with uncle sam.
The Russians, or rather Soviets, worked out the futility of building super carriers in the 60′s, and they famously boasted in the late 70′s that in the event of all out war with the US they could put the entire US carrier fleet on the sea floor within 30 minutes. China purchased much of this old soviet technology, and its more modern Russian decendents. The Chinese now produce such tchnology themselves so it is not inconcievable that the Chinese are now more than capable of countering any US carrier group or surface fleet that could threaten them at home or on the high seas.
As for Chinas hundreds of $Billions in US bonds or whatever, this is pocket change in the grand scheme of things. The purchase of these bonds helps to keep the Renminbi down relative to other currencies (particularly the dollar) and therefore generates trade revenue far in excess of the expenditure. The Chinese are outstanding business men and long term strategists. They plan 50 years from now, not the next year, or the next 5. The only other country I know who takes this multi-generational approach is Israel. If it is in their business plan to see all US holdings go to zero value they have likely factored that they will more than benefit elsewhere further down the line.
Anyway, think I have typed enough opinion for now, better get some work done………
http://wm.thegospel.com/pclub/2012/october/TPC_10_26_Williams_How_The_Elite_Will_Kill_the_Dollar_3.mp3
Good interview, but you didn’t ask Ron what investments would be worth holding. Gold? Silver? Tulip bulbs? It would have also been helpful to get his timeframe. He just said he didn’t think 2014 would be D-Day. OK, when, 2016, 2050?
In the Coming which will rock the world to the core, unless you are protected by sufficient gold and silver then any assets which are indebt to the banker elite will almost certainly be confiscated by them along with all paper assets including deposits.
The new world order will be determined simply by those having non encumbered assets and those that are then destined to serve the new order. Tthe middle class or the aspiring class will not be recognised. If you are indebt to the elite then after foreclosure you may get to rent ad infinitum. Rent will be their new usury.
A gold standard without cash will be the big brother tool to fool the masses into accepting what we now consider unacceptable. In a financial collapse without a competing currency available those in debt will become instant beggars and beggars are very easily satisfied.
Romney is a skilled vulture capitalist in asset stripping and mass layoffs, he is the preferred tool to oversee the Coming which will show little mercy. Ensure you have gold and silver on hand to meet debt repayments, listen to Santa for guidance he has the inside and is a spiritual being, a unique combination for desperate times ahead.
Excellent comment! I found the interview every thing “I did not want to hear”, but after ten years in the silver camp, you can be forgiven for questioning your own judgement.
I think that we are under estimating the powers that be on this. They understand our situation better than anyone, after all they put us here. We all recognize that the US will not be able to pay off its debts, so a debt jubilee is forthcoming. We all the debt is wiped out, the biggest winners will be those with the most debt. Debt is just a piece of paper, the government can at anytime freeze the market or stop payment. We must not underestimate the lengths they will go to to see this through. When the debt is exploding, they will most likely wipe the slate clean and begin with a new currency. The battle now is will that currency be for the people or for the elite satanists.
This is good news, means we’ve all got an extra couple of years to add to our stack and preps.
Bonus!
Mike Maloney thinks that a stock market crash or economic collapse will crash the economy and make the Debt to GDP level explode. At this point the Gov’t finances become farcical and everything falls apart.
Hera is dead wrong, the World is not tolerating trillions in Debt monetization, FED is rigging the bond market and hiding the damage with trillions of interest rate swaps. Per Jim Willie interest rates would be much higher if not for the trillions in interest rate swaps.
There will be an electronic run on the banks. Electronic dollars will chase real assets.
Alot of opinions on near future events.IMHO I don’t think anybody really understands what could be headed our way.Our thoughts are based on perceptions mostly as we’ve known them, lived them in the past based on normalcy bias.When Earth Shattering Events occur there will be no going back or continuing as we have.
Everyone is happy that the FED is rigging the market, they do not want things to collapse as they would be left holding the bag, i.e. bond holders such as China, Japan, Opec ..etc.
They key to all of this is that no one should panic, let the ponzi game continue until a black swan hits it.
As always I enjoy your interviews Sean… keep up the great work my brother.
I’ve stopped trying to figure out a time line as to when it’s all going to go down. All I’m focused on anymore is paying down my debts each month while simultaneously adding to my silver stash (saving in REAL MONEY)and other diversified preps. The collapse can happen tomorrow or ten years from now… or anywhere in between. What matters is that we here at sgtreport are aware of the situation at hand & are making preparations for when the shit goes down.
Keep stack’n… hold strong & go long…
PBP
Bitcoin will continue to function just fine through the currency madness and no government can pin bitcoin ownership to my government identity unless I confess to it, nor can they confiscate it. More and more of the people you link to on your sidebar are accepting Bitcoin along side other forms of payment, maybe there is something to it that you are missing and just don’t get.
Great interview Sean, as always.
Couple of points. Ron mentions China only having trade agreements with 18 countries out of 200+. True, except what is important is which countries. They are mostly very key partnerships – Japan, South Africa, Brazil, India, Russia, Iran, Venezuela etc etc, be it for size, commodity resources, geographical positioning etc.
Also Ron mentions most people have digital assets, and don’t hold cash. Again he is right, but a run on the banks would be for cash and this would have the same effect, ultimately Bank Holidays and a complete collapse of the monetary system. I still think this is a possibility. Aligned with a rush to purchase hard assets.
In many ways I hope he is right as I need more time, but struggling at the same time, so wouldn’t be concerned about a ‘forest fire’ now. I can deal with hardship, if there is hope to have a better future. Not this in your face fascist regime.
I don’t care for any more overpriced crap products to buy. I don’t live a lavish life, so wouldn’t miss it. As long as I have the basics, food, water, heat, light, a roof over my head, basic transport, I believe I can make something happen.
Obviously if we lose all these things too, it might get a bit interesting! C’est La Vie, let’s get on with it. I want to be able to turn this around so that my children can have a better life.
Don’t let noise distract you from your preps. Everyone has an opinion but they all come full circle eventually. Dollar dies – Gold wins! Prepare accordingly.
I think the dollar could go for a while yet…unless THEY want the dollar to go “Zim”
AGENDA: Grinding America Down (Full Movie)
http://vimeo.com/52009124
The topic people ignore.
Executive orders.
Bush made some. They were not repealed, some were modified. They remain in effect.
Whoever is elected inherits the Executive Orders created.
Obama has had all this power and has not used it for the purposes mentioned by so many mind controllers on the internet.
Should Mitt Romney step into these powers. I guarantee you his first deeds will not be repealing them all.
Obama and the current four year Congress, didn’t repeal the Patriot act no matter how unpopular it still is with the populace.
There are 50 million beggars in America on the breadline, the nation of Greece has been reduced to beggar status, Italy and Spain are likewise being ground down to beggar status. Shylock has little compassion for beggars without assets to pledge for his exclusive monopoly on printing in return for usury and your assets.
The Coming will be catastrophic for these poor souls. The Anti Christ is not one person, fool on you for thinking so laterally.
Be prepared with food, gold and a belief in God as you ark. The multi billion Zionist election fest will soon see their joker.. Play out their demonic game on humanity.
Superb interview, Sean. I love the way that you ask truly relevant questions and then LISTEN to the complete answer without interrupting. I wish that the talking heads on the various news channels could figure this out. It would do them and their listeners / viewers a great deal of good.
As to China, yes, they do want to be #1 in many ways but they are not in any rush for it. The primary Chinese racial attribute is patience, so they will not rush into anything. They will get ALL of the necessary pieces in place 1st and will THEN make their move. We could be talking decades or longer for this to come to fruition but it will come. They do have a lot of military power to assist them in this but they do not have a lot of power that they can project over-seas. If they start building aircraft carriers, we will know that they are serious about projecting power.
As to determining what China will or won’t do based on capitalistic economic assumptions is just plain wrong. To a communist, capitalism is the tool of the day and they will use it so long as it serves their political interests. Communism is ALL about their political interests and they will sacrifice any and all economic interests to achieve whatever goals they have. They KNOW that they can always re-create another economy. If they can achieve political ascendancy in the world, even at great economic cost, they will do so and without hesitation.
If the US dollar loses its World Reserve Currency status, it is likely that this will happen by acclimation and not by any external force applied to the US. Other countries will simply stop using the dollar as a medium of exchange. The phrase “withering on the vine” comes to mind. China and other BRICSA countries will simply trade with each other in their own currencies rather than in a vastly over-printed US dollar. We will see more and more of this as time goes by.
At some point, a new WRC currency will emerge and when it does it will do so by consensus and not because it has been rammed down anyone’s throat. Most likely, it will be a basket of currencies and may even be backed by a basket of commodities. It’s use will be voluntary but it will be extremely attractive to creditor nations. Eventually, it will become used by debtor nations as well because they will have to comply with the demands of the creditor nations for fair and honest payment for their labors and raw materials.
As to comment that the Soviets claimed that they could “put the entire US carrier fleet on the bottom in 30 minutes” is complete bravado on their part. They could do no such thing and they knew it. Those carriers are VERY heavily armed and assisted by dozens of anti-aircraft, anti-missile, and anti-submarine support ships, aircraft, and satellites. They are VERY tough and highly mobile targets. Russian talk to this effect was a lot like a lap dog barking through the fence at a Rottweiler… works fine until someone opens the gate and then it is a whole new ballgame… yip, yip, yip… CHOMP!!