Say, have you checked out the dollar lately? It’s purchasing power has declined by 94%. The “almighty” dollar is now worth six cents.
As you can see, it’s been a downhill ride since the government “went off the gold standard” in 1933. An even more precipitous drop occurred after the Bretton Woods agreement collapsed 1971.
Those with money are cashing in soft dollars for hard assets, such as gold and silver. As for the other 95%? Well . . .
Actually, a dollar crisis will not spell the end of the world. There will still be an economy. People will continue to work, raise families, and attend sporting events.
True, imported goods will become more expensive. The demise of the “petro” dollar will bring higher prices at the pump.
But people are preparing for tough times ahead. They’re putting aside food, water, and other essentials. They’re discussing security options with friends and family.
In short, they’re thinking beyond the dollar.
No one can predict how severe the transition will be. A barter system, direct exchange of goods and services, will probably arise in the wake of a worthless currency. People will find ways to restore a semblance of order from relative chaos.
It’s hard to imagine what might emerge on the other side. Perhaps new found wisdom will be forged from harsh lessons. Many will rediscover the meaning of personal freedom and sound money.
A renaissance of sanity could sweep the land and banish the dreary conformity of Big Daddy politics and endless wars.
