Saturday, December 22, 2007

The Death of the Dollar

The world has been treating the US dollar as a stable reserve currency like Gold once was. This is now changing. Since 2003, the dollar has lost a 1/3rd of it's value. The outsourcing of jobs to other countries, the excess printing of fiat (paper) currency, and the rapid increase in spending and thus debt are catching up with us.

"The Coming Collapse of the Dollar and How to Profit from It" by James Turk and John Rubino is a fascinating read of history and money. The United States is following in the footsteps of ancient Rome. We may collapse under our own weight - from the demands of big government, the warfare and welfare state.

James Turk and Paul Craig Roberts are interviewed in these videos below on The Death of the Dollar.

No comments: