As you may know, the Dodo bird is now extinct. This charming big-beaked bird lived undisturbed on the island of Mauritius in the Indian Ocean. It lost its ability to fly because it ate nuts and fruits on the ground and did not have any predators. Then in 1505, Portuguese sailors set foot on Mauritius. The 50 lb Dodo bird became a popular dinner. Despite this massacre, it survived. Later, the Dutch made the island a penal colony, introducing monkeys, pigs, and ship rats to Mauritius. These destroyed all the eggs of the Dodo bird.
It's an unfortunate story, as well as a metaphor for the U.S. Dollar. The dollar has actually been slaughtered by the Debt Fractional Reserve Banking system, and also now, like the eggs of the Dodo there are many more signs that will speed the extinction of the dollar. Although the dollar has flourished for two centuries and come to be regarded as the reserve currency of the world, trusted by investors, international consumers and US citizens, here are 5 reasons I think the U.S. Dollar is heading the way of the Dodo :
1. Besides the colossal federal deficit of $16 trillion, U.S. states, cities, and American citizens owe another $100 trillion dollars.
2. The dollar won't be supported by China a great deal longer. Purchases of U.S. T-bills by China have held up the dollar over the last several years as the Chinese government has become America's lender of last hope. However, the once-flourishing Chinese economic situation now is slowing down with the remainder of the globe, which will definitely undercut the ability of the Chinese to keep acquiring T-bills.
3. The dollar will definitely come under pressure due to the horrible state of finances of America's households. The U.S. economic climate remains on life support in spite of all the Presidential election rhetoric, and this will jeopardize the dollar.
4. The dollar is the standard of debt-money. As the basis of a global economy that is teetering dangerously, the U.S. currency should fall because the Bible guarantees that only God's Money-- gold, silver and other precious metals-- will inevitably survive.
5. The dollar is only as reliable as the American people's courage in the face of a global economy that will continue to unwind as the international monetary system collapses. When this collapse becomes obvious to every person, then the only investments that will have any kind of value will be gold, silver, and precious metals.
It's an unfortunate story, as well as a metaphor for the U.S. Dollar. The dollar has actually been slaughtered by the Debt Fractional Reserve Banking system, and also now, like the eggs of the Dodo there are many more signs that will speed the extinction of the dollar. Although the dollar has flourished for two centuries and come to be regarded as the reserve currency of the world, trusted by investors, international consumers and US citizens, here are 5 reasons I think the U.S. Dollar is heading the way of the Dodo :
1. Besides the colossal federal deficit of $16 trillion, U.S. states, cities, and American citizens owe another $100 trillion dollars.
2. The dollar won't be supported by China a great deal longer. Purchases of U.S. T-bills by China have held up the dollar over the last several years as the Chinese government has become America's lender of last hope. However, the once-flourishing Chinese economic situation now is slowing down with the remainder of the globe, which will definitely undercut the ability of the Chinese to keep acquiring T-bills.
3. The dollar will definitely come under pressure due to the horrible state of finances of America's households. The U.S. economic climate remains on life support in spite of all the Presidential election rhetoric, and this will jeopardize the dollar.
4. The dollar is the standard of debt-money. As the basis of a global economy that is teetering dangerously, the U.S. currency should fall because the Bible guarantees that only God's Money-- gold, silver and other precious metals-- will inevitably survive.
5. The dollar is only as reliable as the American people's courage in the face of a global economy that will continue to unwind as the international monetary system collapses. When this collapse becomes obvious to every person, then the only investments that will have any kind of value will be gold, silver, and precious metals.
About the Author:
Want to find out more about gold and silver, or visit Anne Trimble's site to read her candid autobiography Faith Through The Flames.
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