Monday, May 16, 2011
The United States Economy Is In Distress
What Is a Dollar Collapse?:
A dollar collapse is when the value of the dollar falls so fast that all those who hold dollars panic, and sell them at any cost. In this scenario, sellers would include: foreign governments who hold U.S. Treasuries, traders in exchange rate futures who trade the dollar versus other currencies, and individual investors who demand assets denominated in anything other than dollars. The collapse of the dollar means that everyone is trying to sell their dollar-denominated assets, and no one wants to buy them, driving the value of the dollar down to near zero.
What Would Cause the Dollar to Collapse?:
Several conditions must be in place before the dollar could collapse. First, there must be an underlying weakness. Second, there must be a viable currency alternative for everyone to stampede into. Third, a triggering event would need to occur.
I think that that we have hit the first two conditions and we are on par to fall into the final condition with a trigger event. Just think of a big hit to Wall Street like a 6000 point drop in a day or even a 4000 point drop in a day. How would that effect the economy and how would that effect the people of this country? Some people see the trouble we are in, most don't and think everything will be fine and dandy and I don't see it that way. I think we as a country are in lots of trouble and a world of hurt is coming. I feel that it's only a short amount of time till we have a total collapse and I don't think any one can stop it the damage is done and we are to far in debt and can never get out of it. We are part of a snow ball rolling down hill and the mess is only going to get worse.
So what can we do to survive the coming collapse?
1st- Start storing food, water and medical supplies ASAP
2nd- Get a Gun, learn to use it, clean it, shoot it and have lots of ammo for it.
3rd- Have a plan for the collapse, bug out, bug in or whatever just have a plan!
4th- Learn skills that will help you survive.
5th- Make a list of needed items and start buying them one or two at a time and start with the items you need the most first.
And last but not least...... read and learn everything you can about the coming collapse and KEEP YOUR EYES OPEN!!!!!!
This Country is in distress and the collapse is coming so get ready!