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Can the Global Economic Collapse be Mitigated, or Averted Altogether?

from The Last Great Stand:

Among the many issues that should be of paramount importance to the American people as a whole, but sadly is not, is the issue of the coming global currency reset. Why is not of importance to many people? Simply put, because most of them have no idea it’s coming! Why don’t people know about it? Because our politicians and their lackey’s in the mainstream media refuse to be honest. Before going any further, consider the following quote from Winston Churchill:

The farther back you can look, the farther forward you are likely to see.”

The key to what Churchill was saying, is to actually look backwards, something rarely talked about, much less practiced by American politicians; hence why our country rarely seems to learn from the mistakes of the past, whether the mistakes were our own, or others who came before us.

Essentially, the global currency reset is the end of the United States Dollar as the world’s reserve currency, and the beginning of a new monetary system led by a new currency. The United States has enjoyed the privilege of being the world’s reserve currency since 1944, but the United States has also abused the privilege for almost as long as we’ve had it.

As evidence of our abuse, look no further than the last eight years of Obama’s presidency when the U.S. printed over 6 TRILLION dollars out of thin air, largely as a means to make payments on our out of control ballooning national debt. The world has grown tired of being paid back with dollars worth less than the ones they lent to us.

Some have speculated the new reserve will be backed by gold, while others have suggested it could be the International Monetary Fund’s (IMF) Special Drawing Rights (SDR’s), which is essentially a mixed basket of five major currencies including the U.S. dollar, euro, the Chinese renminbi (RMB), the Japanese yen, and pound sterling.

Whether either of those theories turns out to be correct remains to be seen, but one fact that is not up for debate (unless you’re dealing with a politician or the dishonest media), is that the U.S. Dollar’s time as the world’s reserve currency has come to an end, and the Dollar is in the process of being escorted to the exit door at this very moment.

To fully grasp just how much the loss of that status will be felt by ordinary Americans, I suggest either of the following interviews listed below with Bill Holter, one of the world’s leading forensic economists.

 

For the few people who have been following the topic of the global reset closely, a logical question would be if there is anything that can be done to avoid it. The video below, and article that follows (with many supporting links), shine a light on just how serious this issue is, and why more Americans must demand honesty from Washington and the mainstream media.

Read More @ Thelastgreatstand.com

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2 comments to Can the Global Economic Collapse be Mitigated, or Averted Altogether?

  • Ed_B

    Most people are totally unaware of financial problems UNTIL they are personally affected by them. Since the S has not HTF yet, they see no problem worthy of their attention. By the time this becomes obvious and everyone knows about it, it will be too late to DO anything about it. Those of us who are more forward looking, however, can see the trends that are forming and can make reasonable guesses about what will be their results.

    As in most aspects of life, it pays to be aware of what is going on around us. It also pays to be diversified in our investments. Things happen, often coming out of nowhere, that we do not expect. When they arrive, we need the plans and resources with which to deal with them. Those who do not plan waste a lot of time going nuts when problems arrive. Having a bit of insurance against such losses. Gold and silver can be part of that financial insurance. Like most insurance policies, they do not need to be dragged out on a daily basis so their value can be checked. When the time comes, their value will be substantial.

    • glitter 1

      Ed_B,
      All true statements!
      I’m of the opinion that everything has breached the tipping point, i.e.social,political,financial,spiritual and unfortunately it requires the Razing of the entire system to reset attitudes,politics and finances.There comes a time when something can no longer be restored and requires demolition,redesign and reconstructed.Our society is in great need of a humbling experience/recalibration event and I believe it’s coming.

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