There is no getting around it. The U.S. dollar is dying. U.S. government debt continues to grow at a very frightening pace and the Federal Reserve is now buying up most of the new debt that is being issued. At this point there is simply not enough money in the rest of the world to continue to feed the U.S. government’s endless thirst for more debt so the Federal Reserve has had to directly intervene in order to keep the Ponzi scheme going. Other nations are rapidly losing faith in the U.S. dollar as they realize that there is simply no way that the U.S. government will be able to service this soaring debt for much longer. Even now we are watching the U.S. dollar rapidly fall against a vast array of hard assets. Virtually all major agricultural commodities have exploded in price over the past year, the price of gold is over $1300 an ounce. Meanwhile, the Federal Reserve continues to print dollars as if there is no tomorrow and the U.S. government continues to spend dollars as if the party is never going to end. Yes, we are most definitely witnessing the death of the dollar.
As a result of the decline of the dollar, U.S. consumers are really starting to see some substantial inflation at the supermarket and at the gas pump. In fact, more increases are expected in the weeks ahead.
Unfortunately, most Americans still don’t understand that the monstrous debt that the U.S. government has accumulated has us on a road that is going to lead to economic ruin.
Back in the early 1980s, the U.S. national debt was considered a major national crisis and politicians were pledging to do something about it.
Well, they did something about it alright.
Today, the U.S. national debt is over 14 times larger than it was back in 1981.
Unfortunately, it is only going to continue to increase in size.
Entitlement programs such as Social Security and Medicare account for 58% of all U.S. government spending. Those are “sacred cows” politically and very few politicians will even talk about making cuts to those programs.
Defense spending accounts for another 20% of all U.S. government spending. This is another area that is very tough to cut politically.
So that leaves only about 22% of the budget to cut. Sadly, that entire 22% could be eliminated from the federal budget and we would still be running an absolutely massive budget deficit.
Yes, we are in a huge amount of trouble.
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So what are our politicians doing about it?
Well, over the past decade they have shown that they are very good at voting for increases to government spending but they are very poor at voting for cuts to government spending.
For example, during Barack Obama’s first two years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined.
In fact, if Barack Obama has his way government spending is going to increase by another 50 percent over the next decade. In the new budget that Obama recently proposed, the U.S. government would spend 3.7 trillion dollars in 2012 and by 2021 the U.S. government would be spending a whopping 5.6 trillion dollars per year.
But when it comes to cutting the budget nothing ever seems to happen.
Right now, Republicans and Democrats are fighting tooth and nail over $61 billion in budget cuts.
But even if the Republicans get all of those cuts it would be just a drop in the bucket.
After all, what does it really matter if the U.S. budget deficit is 1.78 trillion dollars instead of 1.92 trillion dollars this year?
But listening to the Republicans and the Democrats blow hot air you would think that the fate of the world is at stake.
Meanwhile, our states are going broke as well. In fact, 30 U.S. states have borrowed a total of $41.5 billion from the federal government just so that they could continue paying out unemployment benefits.
California alone has borrowed $9.8 billion in unemployment benefit money from the federal government, and nobody is really quite sure when they will be able to quit borrowing more unemployment money from the U.S. government.
Things have gotten completely and totally out of control.
But if the U.S. government quits borrowing and spending money so feverishly it will cause a dramatic slowdown in the U.S. economy and nobody seems to want that.
Even with all of the crazy government spending that has been going on the U.S. economy is still on the verge of total collapse.
Unemployment continues to be absolutely rampant. In the United States today, approximately 14 million Americans are officially unemployed and 8.4 million more are working part-time for “economic reasons”.
But the “official numbers” vastly understate the reality of the situation.
According to John Williams of Shadow Government Statistics, the real unemployment rate in the United States is now above 22%.
The federal government and the state governments are desperately trying to stimulate the economy back to life, but it doesn’t seem to be working.
Meanwhile, the U.S. dollar continues to decline in value as government debt continues to mount.
Damon Vickers, the author of “The Day After The Dollar Crashes”, recently discussed this problem during an appearance on CNBC….
Did you notice how Vickers even used the term “new world order”?
The truth is that globalist institutions such as the IMF and the World Bank have been very busy discussing what the world is going to use as a global reserve currency after the death of the dollar.
Since World War 2, the world economic order has been centered around the United States and the U.S. dollar. But now all of that is changing.
The American economy is in the midst of a long-term decline and the U.S. dollar is slowly but surely dying. Already quite a few nations have started to move away from using the dollar in international commerce. The advantages that the U.S. has enjoyed from having the reserve currency of the world are about to disappear.
So what would a “new economic world order” look like?
Nobody knows for sure, but needless to say it wouldn’t be as favorable for the United States as the current system is.
Most Americans have no idea how close we are to a radical transformation of the global financial system. The dominance of the U.S. dollar is rapidly fading. The financial stability that so many of us have taken for granted for so long is about to crumble.
Every single day your dollars become a little less valuable and at some point they are going to start to become much less valuable with each passing day. You might want to spend them on something real while you still can.
4 Replies to “Will The Death Of The Dollar Lead To The Birth Of A New World Economic Order?”
I don’t make it a habit to make comments on many articles, but this one deserves attention. I agree with the data you have written so eloquently here. Thank you.
The US dollar has a 90% probability of collapsing no later than April 10, 2020. This date is derived from a complex differential equation which models the dollar since December 24, 1913 which was the founding of the Federal Reserve. Since that date the dollar, or Federal Reserve Note, has lost approximately .097% of its value. As of this date it has lost approximately 98% of its value per the Minneapolis Federal Reserve inflation calculator on its web site. 95% of the reason the dollar’s decline is due to deficit spending per another equation. Given the huge deficits that we are running and the projected massive increase in deficit spending over the next 3 to 4 years, the dollar will collapse in purchasing power. Although I do not know the specific event that will cause the dollar’s demise, any number of items will cause a cascade event causing a global loss of confidence in the dollar’s purchasing power. Remember the date: April 10, 2020….and that is the latest the dollar should last. The only thing that would prevent this from happening is some type of global disaster where the US somehow remains immune from the problem as people would maintain their faith in the dollar as it would be the only currency with real purchasing power left. Barring some event, the dollar will collapse NLT April 10, 2020.
I remember back in the 1980s Republicans talking about a balanced budget amendment. I also remember the Democommies and Judeo-Marxist ran corporate media saying just how mean spirited and awful that would be. Well, now look at where we are 30 years later. On the brink of disaster. Brexit might be the beginning of the end of the NWO coalition called the EU. All this spending with no money coming in has finally come home to roost. Thanks Democommies for getting us into this mess.
f Iceland can do it, why cannot the United States do the same?
If you are someone who is truly worried about the dismal direction of the U.S.A., as I am, why is it that a small country in the middle of an ocean can reverse their situation, but we seem to cannot do the same? Better yet, why can we not take the ‘best’ of each nation and apply it to the good ole USA? If we could do that, I believe we could turn this nation around in a short amount of time.
Case in point: In 2008- Icelandic citizens force the resignation of both the prime minister and the effective government.
In 2010- The prime minister was indicted, over 200 criminal charges were filed against the bankers, and all of the former CEO’s of the three biggest banks were arrested. Others were forced to leave the country.
In 2010- An assembly is elected to write a new constitution to avoid entrapments of dept. Twenty five citizens is chosen – “With NO political affiliation”. The only qualifications for candidacy are adulthood and the support of thirty people.
In 2010- The main bank of Iceland was nationalized.
In 2010- The new government forgave debt exceeding 110% of home values.
I know that seems too good to be true, but it would be a good start. We have dug ourselves into such a deep hole, with our government in huge dept, rouge politicians spending money we do not have on things we do not need or want. So in an essence, if we “FIXED” the banking and political problem here, it would be a great start. This also relates to the FEDERAL RESERVE printing pieces of paper with dead presidents on it like there was no tomorrow. If this keeps up, hyperinflation will eat us all alive. All you have to do is look at countries that have done this already, without success I might add.
Next, let us take the “gun” situation we have here. If we could model our system after the country of Switzerland, where you are required to have a gun in your household, much of the gun violence could be eliminated. Where as USA has 4.2 gun deaths per 100,000 people last year, Switzerland had zero. Would this not be a better situation to have? The Swiss also have to prove at a gun range that they can handle a gun. I have always said “Gun control is being able to hit your target”. Also I have said, “Guns DO NOT kill, it is the bullets that kill”. Maybe that is the real reason our government is buying all the ammo they can get their hands on, taking the raw materials for ammo, and driving prices up beyond belief. If you remove ammo from the equation, all your guns become inaccurate throwing devices. While we are on the issue of Switzerland, when young adults get out of high school, it is mandatory that they serve two years in the military. Smart move in my eyes, but also Switzerland does not go and stick their noses in everyone else’s business. We have had way too many young men and women killed or maimed in other countries where we did not belong. The USA is not the world’s policeman, but our politicians think we are. If we would take our own resources and bring them home, hardened our borders, and developed our own natural raw materials, we could let the countries in the Middle East fight between each other, since we would not need to buy their hydrocarbons, example OIL, natural gas, etc. Since fracking has come about, the USA is exporting our raw materials out, whereas we should be keeping them here, storing them here, and in essence dropping the price of said items.
While we are on the discussion of raw materials, we need to keep what we have here, bring back the manufacturing process and stop buying from countries like China, Indonesia, etc. Remember when “Made in the USA” was something we looked for on a product, since we knew it was a quality product. Try to find that today, almost nonexistent. Bringing home the ability of substantial employment back home, we would stop getting cheap junk from other nations who know that they will sell us anything if it is cheap enough. With unemployment in the range that it is at now, (20-30%), not what our government tells us at (6-7%), which we all know this a lie, we could maybe get 90+ million off food stamps, and the other entitlements that our government shells out for NOT working. Just take a look at the Middle America, where the oil business is booming, from the initial drilling to the transportation of these raw materials or final products to keep this nation running and producing. Also take a look at Middle America in the agricultural sense, we are the breadbasket of the world, and always can produce more than we consume. Which brings up the problem with GMO products? We are finally seeing that this way of producing is not good for humans or animals that we humans eat. GMO’s have been around for a decade or two, and we are seeing that it is not a good thing. If we could stop subsidizing the farmers to NOT grow the maximum crops that they could, would you think that food prices would not come down and be healthier for us all? I know there are some exceptions, but as a whole, if we got rid of the politicians who endorse this behavior as stated above, would we not be in a better situation? I know I have seen the price of basics, milk, bread, vegetables, meat, and others go up in price so much, I do not see how we can sustain ourselves for much longer. I guess that is the reason many people are starting “Victory Gardens”, so they know what they are eating is safer, better, cheaper, and have the knowledge of where it came from. I could go on and on about what could be done, and until we eliminate “The Powers That Be”, I fear nothing is going to get better.
Without ranting and raving on like a lunatic, I really believe we need to get back to the basics on the initial idea that our founding fathers so well put down on paper 238 years ago. They knew what was going down, and warned us about it so many years ago. If the founding fathers could see where we are now, they would be shaking their head in disgust. I could put down many “quotes” that have been recorded in history, but that would take many pages that the general population would not take the time to read. I guess what I am trying to get across to all the readers, we as Americans are in deep trouble. Why can we not rise up and revolt to take our great country back from the 1% who is trying to keep us down? Right now we have the government trying to “governmentize our healthcare”. If anyone out there can name one entity that the government has taken over and actually made it better, please let me know. Having researched this extensively, Obamacare is one big failure. How can our government spend 600 million on a WEBSITE and fail so miserably? I can tell you one thing; we have been lied to, bamboozled, scammed, and trashed to the point of no return? I can only hope that the American people can stand up, revolt, and take control as the Icelandic people have. Yes I know there will always be problems, and common sense is not prevalent in the government as of today.
But if a small country such as Iceland can right many wrongs, why can we not do the same? Shoot, I am even scared to put my name down as the author of this document, knowing it will rile up many feathers, and could get me terminated as a human, just because I would like to “RIGHT” many of the wrongs out there in the world as of today. I hope those that read this will remember, this nation was not built by people who have the same rationalization of those in power now. May GOD bless us all, we really need it now….
Michael Epps aka “eppe”