The US Dollar Will No Longer Survive

 

 The devaluation of the dollar has been looming over the economic world and America for some time now

Economists feel it will eventually be obsolete and we will switch to a  One World Reserve Currency.

According to Alan Greenspan, who  believes that in five years gold will be “measurably higher” than current levels because of the excess liquidity that will eventually be released into the open market.

Such an event will undoubtedly lead to riots across America as the general public, woefully unprepared for rapidly rising prices when the pin finally pops the dollar bubble, loses access to affordable critical supplies like food, gas and other resources.

The collapse of the dollar, an inevitability suggested by Alan Greenspan, will be a game changer that results in the quadrupling of the cost of living for the average American.

All the while, as the United States stands on the brink of the most important event of our lives and in a world of extreme monetary and economic instability, stock markets are at all time highs.

 What’s more, the very resource sectors that matter – energy, agriculture, gold and the precious metals mining companies that get it out of the ground – have been decimated recently:

Most people [at the investment conference] seem to share my belief that we’re bouncing around the bottom… that we’ve not necessarily seen the absolute lowest prices in metals but that they can’t go much lower than this because we’re right around the all-in cost of production.

Your downside risk is may be 20% but the upside risk for really good companies that have good projects is on the order of 300% to 400% once the market gets back into gear.

 As noted by Brian Lundin, with the demand from central banks and the global public, coupled with the obvious fundamental problems inherent within the system, the price of gold should have been rising but has been crushed instead.