With the debt obligations of the United States at over $118 trillion
dollars, it has become obvious that the collapse of our economic powerhouse,
starting with the U.S. dollar, is a foregone conclusion. While it’s
impossible to predict when such an event will occur or what the final trigger
will be, at this point it won’t take much to send the whole thing tumbling
down.
And when it finally does happen, as noted in the short video report from Future Money Trends,
the resulting shift to a new system could very quickly devolve into the worst
of what humanity has to offer.
A major market bubble is brewing…
The entire monetary system is dollar based. So even though the U.S. is
running around bankrupt this will continue until the world is ready for a
massive shift to a new system – something that could cause riots worldwide,
wars and extreme volatility in markets… even a global depression.
The dollar paradigm will likely be postponed for as long as possible, but
have no doubt, the end of dollar dominance will happen in our lifetimes.
(Video contributed by Future Money Trends)
We can only support this debt-based behemoth for so long. The jig is
already up, in fact, but countries like Russia, China and the BRICS nations
can’t pull the plug just yet because doing so will crush their existing
trading mechanisms, many of which are dependent on the U.S. dollar. But what
these countries have going for them is that they are actively moving to
minimize their dependency on the United States and the dollar’s reserve
currency status.
When it finally does happen and our foreign lenders pull the plug we are
going to see catastrophic world-wide ramifications. Everyone is going to be
hurting – but the United States is going to take the brunt of the hit.
It’s quite simple, really. When we can no longer borrow money, it’s over.
Even the U.S. Treasury has acknowledged and warned of the
disastrous consequences that will follow the day the credit card is maxed
out and we can’t pay the bills:
“In the event that a debt limit impasse were to lead to a default, it
could have a catastrophic effect on not just financial markets
but also on job creation, consumer spending and economic growth,”
the report said.
“Credit markets could freeze, the value of the dollar could
plummet, US interest rates could skyrocket, the negative spillovers could
reverberate around the world, and there might be a financial crisis and
recession that could echo the events of 2008 or worse.”
…
“Considering the experience of countries around the world that
have defaulted on their debt, not only might the economic consequences of
default be profound, but those consequences, including high interest rates,
reduced investment, higher debt payments, and slow economic growth, could
last for more than a generation,” the report states.
As you can imagine, elite Western banking conglomerates and business
interests won’t go down quietly. History has proven time and again that
shifts of this magnitude are wrought with violence, poverty, widespread
despair and often end in massive military confrontations.
Of course, this is all just rampant speculation and not a real possibility
because “this time it’s different.” The United States is perfectly capable of
managing the largest debt load in the history of the world, the Russians and
Chinese are not ramping up their military build outs, and if something
completely unforeseen like a global depression were to happen the government
will be ready and willing to help the little guy.
So, no need to worry or make
preparations.
