the accepted value of the dollar is collapsing. its only a matter of time before we, here in the empire, are living in an economic world similar to weimar germany, or worse;

To recap from my last post, the total collapse of the dollar is imminent, within weeks to months. When that occurs, you won’t be able to buy anything imported. Think of Walmart, Sam’s Club, Costco, etc. No imported food like green seedless grapes from Chile or Argentina, no bananas from Ecuador, no oil filters or tires, no clothes, no potash fertilizer from Russia, no oil from Saudi Arabia or Russia, etc. I expect prices for everything to go up 4-5 times almost overnight, as the dollar is repudiated, and then go stratospheric from there. I believe banking systems (where 99% of people store their money) will be frozen, while the purchasing power of the dollar collapses to zero. Food riots, fuel riots, on top of the famine and starvation that are already coming to America, regardless of the dollar collapse. The background on how we got here, and why it’s occurring, are the first hyperlink at the top of page.

Ok, let’s move on.

The entire Western economic system is built on fiat money- money not linked to any commodity, such as gold or silver, or anything else. A gold-backed currency is one where you can go to a bank at any time, and either buy or sell gold for the stated value of the currency. This limited how much money a country could circulate; put simply, if they had $100 million of money floating around in the economy and only $10 million of gold in their vaults, a wealthy guy could swoop in and clean out the treasury, wiping out the gold supply, crashing the dollar, and making a huge profit in actual purchasing power. So the Federal Reserve had printed so much money that by 1971 it was mathematically impossible to cover the volume of debts (your Federal Reserve Notes) with all the gold in the world… at the “stated” value. So rather than reprice gold at what its real value is, they decided to cut the dollar link to gold, hence the “Bretton Woods 2” agreement, where the dollar was allowed to “float.” Of course, “float” really meant it allowed the Federal Reserve to print to the moon.........read more......