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The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies

The Giant Currency Superstorm That Is Coming To The Shores Of America When The Dollar Dies

By Michael
November 27th, 2012

By recklessly printing, borrowing and spending money, our authorities are absolutely shredding confidence in the U.S. dollar. The rest of the world is watching this nonsense, and at some point they are going to give up on the U.S. dollar and throw their hands up in the air. When that happens, it is going to be absolutely catastrophic for the U.S. economy. Right now, we export a lot of our inflation. Each year, we buy far more from the rest of the world than they buy from us, and so the rest of the world ends up with giant piles of U.S. dollars. This works out pretty well for them, because the U.S. dollar is the primary reserve currency of the world and is used in international trade far more than any other currency is. Back in 1999, the percentage of foreign exchange reserves in U.S. dollars peaked at 71 percent, and since then it has slid back to 62.2 percent. But that is still an overwhelming amount. We can print, borrow and spend like crazy because the rest of the world is there to soak up our excess dollars because they need them to trade with one another. But what will happen someday if the rest of the world decides to reject the U.S. dollar? At that point we would see a tsunami of U.S. dollars come flooding back to this country. Just take a moment and think of the worst superstorm that you can possibly imagine, and then replace every drop of rain with a dollar bill. The giant currency superstorm that will eventually hit this nation will be far worse than that.

Most Americans don't realize that there are far more dollars in use in the rest of the world than in the United States itself. The following is from a scholarly article by Linda Goldberg...

Read more: http://theeconomiccollapseblog.com/archives/the-giant-curren...




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Computer Digits and International Drug Cartels

There is not much actual "printing" of new currency. The billions that the FED "prints" each month and gives to the banks is all electronic. The elite do not use cash at all. So, until lots of actual paper money is put into circulation here in the US, they can keep inflation artifically low and interest rates near zero (for big banks) and the ponzi scheme going for a very long time. Also, one of the largest places that actual paper 100 dollar bills sit are not in banks but in the possession of international drug cartels...probably on pallets in huge warehouses. This money is not in circulation and international bankers control the amount of drug money that is laundered each month.

It seems clear enough to me that international bankers are planning on a very limited use of actual paper money in the future. I see power bills, cable bills, water bills, insurance bills, etc all starting to only accept automatic electroic deposits/withdrawals from a bank account--no cash. EBT cards are used for food stamps. You can use a debit card to by a soda at many vending machines now, etc.

I think in the next 10 years only the very poor will still be using paper money with the goal of electronic payments eventually taking over 100% of all transactions. This would leave people holding a warehouse full of pallets of 100 dollar bills with a bunch of paper money worth nothing and it would allow the elite to easily cook the books electronically by just changing numbers with keystrokes.

People holding paper dollars will continue to be conditioned to stop using currency and use debit cards, credit cards, phones, computers, etc. Once socitey starts looking at people that use physical paper currency as stupid and "old fashioned" cash will become worthless, without much fanfair.

It's the ultimate scam for the global elite to pull off this heist. An Electronic Global Currency will truely enslave the world. Bankers will be able to deny your purchase of anything if your card or "chip" is empty because you didn't earn any credits. Bills, taxes and fees will be taken out of your account first and what's left over you get to use.

Someone please tell me where I'm wrong because I've never wanted to be more wrong on anything in my life.

unfortunately..

I'm sure that's the direction the elite want to take things.

You did leave out the part about how once everything is taking
place electronically you probably won't be able to access
the system non-biometrically.

Couple of keystrokes and the ability of anyone you don't
like to function in society is erased - pretty convenient, if you
happen to control the system...

Mike Stathis Ava Research

Interesting, thanks for posting this

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