Home
Subscribe (free)
About NaturalNews
Contact Us
Write for NaturalNews
Media Info
Advertising Info
U.S. dollar

Panic selling of the U.S. dollar now underway as debt system implodes

Thursday, April 28, 2011 by: J. D. Heyes
Tags: U.S. dollar, debt, health news


Most Viewed Articles
http://www.naturalnews.com/032209_US_dollar_debt.html
Delicious
diaspora
Print
Email
Share

(NaturalNews.com) To most Americans it's unthinkable that the U.S. dollar could someday be relegated to second-class status as a currency, but what they may not realize is that the transition is already underway.

Reports this week marked the dollar's continued slide - it reached a 16-month low against the euro and slid to a historic low against the Swiss franc on Tuesday - while at the same time predicting something we've been telling you for years now, namely that the dollar is on its way out as the world's reserve currency.

Impossible, you say? Think again. Signs of the dollar's imminent collapse are everywhere.

Look at the economic and investment juggernaut that is China. Beijing's economy has been growing in leaps and bounds and as such used to be the largest holder of U.S. dollars, because, as the world's reserve currency, our dollar was the most stable. But China's place was recently overtaken by our more traditional Asian ally, Japan, as Beijing has begun instead to divest itself of the dollar.

The U.S. was once known as the world's richest nation, but these days we have the dubious distinction of being the largest debtor in the history of the world. China, meanwhile, has become our largest creditor.

So, what does all that mean in real terms? Well, it means that as more countries and investors flee the dollar, the faster it will begin to devalue. We're already seeing the effects of that in higher energy prices - oil is priced in dollars, after all, and when it falls, it takes more of them to buy the oil.

And, of course, higher oil prices mean higher gasoline prices (the average price nationwide at the beginning of this week was $3.858 a gallon); higher gas prices mean it is costing more to get products and commodities to the market, which means we pay more for them in the checkout lane. As this cycle perpetuates, inflation will skyrocket and the dollar's value will plummet.

There's one more indicator that the dollar is growing weaker - the meteoric rise in the price of gold and silver.

In the meantime, the sea of government red ink continues to grow, already at more than $14 trillion. The plan in Washington to fix this vicious cycle? Simple. Print more money.

The U.S. dollar is in trouble. The cycle is underway. The smart money says the age of America is over.

Join the Health Ranger's FREE email newsletter
Get breaking news alerts on GMOs, fluoride, superfoods, natural cures and more...
Your privacy is protected. Unsubscribe at any time. | Learn more...

comments powered by Disqus

The War on Independent Media Has Begun

A coordinated censorship attack is being waged against the entire independent media by Google, YouTube and Facebook. After we were banned by Google for nearly a week, now Facebook is deliberately blocking the sharing of our stories to further censor our important reporting for human freedom and medical choice. Soon, the only way we will be able to reach you is via email, and Google is sometimes blocking our email delivery to gmail users.

Enter your email address below to subscribe to our email announcement list (but don't use gmail). Your privacy is protected and you can unsubscribe at any time. If you don't join our email list, you may never see our valuable content again via Facebook, Google or YouTube. CENSORSHIP has now reached EXTREME levels across the 'net. The truth is being suffocated. Subscribe now if you want to escape the delusional bubble of false reality being pushed by Google and Facebook.

Once you click subscribe, we will send you an email asking you to confirm your free subscription.