Argentina is no longer buying foreign goods using US Petrodollars. They will be using the Chinese reminabi. The US Dollar is losing its position as the world’s reserve currency. The US economy is built on the Dollar being the world’s reserve currency. Our way of life, our nation, is in very serious trouble.
It is time to get rid of dollar denominated assets. Buy physical things.
- Real estate.
- Ammo, food, consumables.
When the dollar falls, its purchasing power will disappear. Stocks, bonds, and bank accounts will become worthless.
EN2 SS · April 28, 2023 at 6:54 am
I seriously doubt the the survival of America. Whether it does or not, times will soon be bloody to settle the matter. I think the Russian was correct, the USA will break up into approximately five separate countries.
Don Curton · April 28, 2023 at 7:39 am
One of the things I heard some time back was that the American hundred dollar bill was the most counterfeited bill in the world. In fact, probably 25% of the hundred dollar bills in circulation outside of the USA is probably fake. The dot.gov doesn’t actively go after those counterfeiters mainly because doing so would be an open admission that there are a lot of fake bills out there and it would cause a currency collapse.
Not sure how things will change, but guarantee if the dollar isn’t king anymore they’ll start counterfeiting whatever takes it’s place. And with the dollar no longer king, there might be a chance that someone will finally reveal the depth of the counterfeiting and cause a minor collapse. Probably allow our govt to push for that digital currency bullshit too.
Shit’s getting real and nothing we can do about it. Except, of course, stock up on survival goods and skills.
Steve · April 28, 2023 at 12:03 pm
“Buy physical things.
I doubt the powers that be will abandon the banksters, any more than they left them swinging in the breeze before. Any note you carry on that property will almost certainly be revalued into whatever their replacement currency is. If you can get it for 0 down, it’s probably worthwhile. Otherwise, own it free and clear or be prepared to walk away from whatever equity you have. Ideally, maybe cash out that equity as soon as possible, and let the bank have the property it back when things go to hell. Same thing the commercial real estate gurus are doing.
I also suspect they will not grasp the idea that they can’t just print their way out of messes like they have in the past, precisely because there is no full faith and credit. They’ve pissed all that away.
All they will have left is the potential for squeezing the serfs harder, and that’s probably got a sell-by date, too. Hopefully, anyway.
Jason · April 29, 2023 at 10:30 am
Short the dollar? Ticker UDN!
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