Are you ready for the Death of King Dollar?
If you are not already a member of CrushTheStreet.com, you probably just got finished watching our most recent release, and you are being introduced to us for the first time. Here at CrushTheStreet.com, we are committed to financial education, and guiding people through what is ahead in what we anticipate to be a very different economy.
The focus of this documentary was on simple facts indicating an inevitable collapse of the dollar. No currency has remained dominant for an extreme period of time. There is an inherent depredation of the currency that the economy in power slips down that eventually tips the purchasing power of the dominant currency over to alternative currency.
The United States has degraded the integrity of the dollar over time by over committing with its expenses, and racking up debts which inevitably caused reckless actions to be taken to freely print and spend. This all occurred when the United States was taken off of the gold standard.
Three Top Steps you can Take to Protect yourself from The Death of King Dollar
Today, we are seeing evidence of a world that is repelling itself away from the dollar. For years, the U.S. dollar enjoyed the benefit of being artificially propped up and supported by the rest of the world’s lack of infrastructure that it essentially was the “best of the worst.” The Japanese yen, Swiss franc, and even Chinese yuan have been increasing as a percent of foreign reserves held in banks as the “king dollar” is shrinking as a percentage of the world’s currency. There was no question that in 1952, America was number one considering the U.S. dollar made up 90% of the money in the world. Today, the U.S. dollar only makes up 15% of the currency all around the world.
The BRICS nations are definitely making their move away from the dollar. They are creating institutions to replace those that are on the west including the Federal Reserve and the International Monetary Fund. These institutions are being put into place so these nations can print money, and service their own debt while saying goodbye to the U.S. dollar. This institution will not be hosted on U.S. soil, but rather in Shanghai China. The shrinking demand for dollars will pave the way for higher interest rates and could potentially release the cap that has been keeping inflation under control.
Furthermore, Russia and China have a new deal to sell energy in their local currencies instead of the dollar, Iran will sell oil directly to China in Chinese yuan. Again, this is an indirect attack on the U.S. dollar which will impact the purchasing power that the U.S. dollar historically enjoyed.
All of the facts for why the U.S. dollar is under pressure is in the mini documentary, and I recommend everyone watch if you haven’t already. You can do this by visiting CrushTheStreet.com. I really want to get into three areas in which you can help offset and thrive through a dollar crisis in a world that is becoming less dependent on the U.S.
Don’t Be A Statistic
Many times when we read the statistics, we tend to lump ourselves in with the averages. My suggestion to everyone is to not be average. Be above average, and don’t get caught up in the overall destruction that most will face. Many people will be severely impacted by the devaluation of the U.S. dollar, you don’t have be one of these people.
Chief Editor at CrushTheStreet.com