Global Financial Collapse - Experience from Argentina

Great Video!

This guy actually has some new insight. Most interesting is his "Plan B" scenario. If I understand it correctly, this is how it works:

First the Fed creates a new dollar redeemedable in "financial gold". I'll just go ahead and call it the Amero to reduce confusion. Financial gold bars would contain some kind of microchip or anti-counterfeit mechanism to differentiate them from regular gold. They'd probably only be available in very large denominations to prevent most individuals from directly trading with them.

The USD would begin its final march to zero. The only thing anyone would want to do with them is trade them in for Ameros, or sell them to someone who could then trade them in for Ameros.

Allies of the United States/Federal Reserve get to exchange old dollars for new dollars at a preferred rate until some arbitrary deadline: 1 old dollar for 1 new dollar.

This privilege would come with a condition: Agree not to accept old dollars from enemy nations. Implement banking regulation to prevent banks from accepting dollar transfers from such places. Led by the US, all Western governments spent the last several years hyping up the threat of terrorist financing and creating the regulatory infrastructure to prevent it. Funny coincidence that the setup is exactly what's needed to pull off a currency switch such as this.

Neutral countries could be allowed to use SWIFT to transfer USD to countries who get the 1:1 deal. This would ease some of the loss taken by "good" countries by allowing some private enterprise to get in the business of liquidating dollars, however most of the profits from that would go to the usual big financials as they would be in the best position to exploit the situation. "Bad" countries and individual USD holders in them would be shafted, as their only viable option would be smuggling actual Federal Reserve Notes into 1:1 countries. Large amounts of cash would need to be laundered, and that wouldn't happen for free. With that much money at stake organized crime would swell, creating the perfect excuse for even more government intervention.

Nations that go along with the Amero would either make their currencies redeemable in Ameros just like they are redeemable with USD today, or would simply switch to the Amero as the local currency.

The Fed would then be able to resume it's inflationary regime by buying gold on the open market at a discount, chipping it, then using that to back new Ameros at the fiat price. The price of gold in Ameros would rise because the Fed would need to buy gold instead of selling it, but it would never reach the official financial gold/amero exchange rate. They'd be buying gold, promising to sell it back later at a lower price.

If big USD holders like China get screwed they will rethink how risky it is to export goods in exchange for US currency or any currency redeemable in it, making imports very expensive. The US then uses that as a pretext (eg. Our enemies are maliciously plotting to make our currency fail!) to start a major war so that we all forget about the financial crisis.

I have no idea who this man is, but he seems to be talking sense.

But the idea of getting out of money and into property (cars, boats, property) is a bit confusing. He touches on it, then doesn't really give enough information. Or maybe he did and I missed it.

Yes, the financial markets are collapsing, but will the dollar truly be worthless, or exchangeable for a New Dollar (or an Amerro?)

I would like to ask this nice man some questions. That is, if you had some capital, what would you do? Buy things, he says. Well sure. Then what does one live on? Soup?

And so well presented. No emotion, no hype just facts.

Yeah, a great set of vids and very much worth watching! It could happen here, we need to wake up!! We should at least be prepared.