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Will The Death Of The Dollar Lead To The Birth Of A New World Economic Order?

There is no getting around it.  The U.S. dollar is dying.  U.S. government debt continues to grow at a very frightening pace and the Federal Reserve is now buying up most of the new debt that is being issued.  At this point there is simply not enough money in the rest of the world to continue to feed the U.S. government’s endless thirst for more debt so the Federal Reserve has had to directly intervene in order to keep the Ponzi scheme going.  Other nations are rapidly losing faith in the U.S. dollar as they realize that there is simply no way that the U.S. government will be able to service this soaring debt for much longer.  Even now we are watching the U.S. dollar rapidly fall against a vast array of hard assets.  Virtually all major agricultural commodities have exploded in price over the past year, the price of gold is over $1400 an ounce again and last week U.S. crude oil prices topped $100 a barrel for the first time since 2008.  Meanwhile, the Federal Reserve continues to print dollars as if there is no tomorrow and the U.S. government continues to spend dollars as if the party is never going to end.  Yes, we are most definitely witnessing the death of the dollar.

As a result of the decline of the dollar, U.S. consumers are really starting to see some substantial inflation at the supermarket and at the gas pump.  In fact, the average price of gasoline in the United States increased 17 cents to $3.33 a gallon in just the past week, and more increases are expected in the weeks ahead.

Unfortunately, most Americans still don’t understand that the monstrous debt that the U.S. government has accumulated has us on a road that is going to lead to economic ruin.

Back in the early 1980s, the U.S. national debt was considered a major national crisis and politicians were pledging to do something about it.

Well, they did something about it alright.

Today, the U.S. national debt is over 14 times larger than it was back in 1981.

Unfortunately, it is only going to continue to increase in size.

Entitlement programs such as Social Security and Medicare account for 58% of all U.S. government spending.  Those are “sacred cows” politically and very few politicians will even talk about making cuts to those programs.

Defense spending accounts for another 20% of all U.S. government spending.  This is another area that is very tough to cut politicially.

So that leaves only about 22% of the budget to cut.  Sadly, that entire 22% could be eliminated from the federal budget and we would still be running an absolutely massive budget deficit.

Yes, we are in a huge amount of trouble.

So what are our politicians doing about it?

Well, over the past decade they have shown that they are very good at voting for increases to government spending but they are very poor at voting for cuts to government spending.

For example, during Barack Obama’s first two years in office, the U.S. government added more to the U.S. national debt than the first 100 U.S. Congresses combined.

In fact, if Barack Obama has his way government spending is going to increase by another 50 percent over the next decade.  In the new budget that Obama recently proposed, the U.S. government would spend 3.7 trillion dollars in 2012 and by 2021 the U.S. government would be spending a whopping 5.6 trillion dollars per year.

But when it comes to cutting the budget nothing ever seems to happen.

Right now, Republicans and Democrats are fighting tooth and nail over $61 billion in budget cuts.

But even if the Republicans get all of those cuts it would be just a drop in the bucket.

After all, what does it really matter if the U.S. budget deficit is 1.59 trillion dollars instead of 1.65 trillion dollars this year?

But listening to the Republicans and the Democrats blow hot air you would think that the fate of the world is at stake.

Meanwhile, our states are going broke as well.  In fact, 30 U.S. states have borrowed a total of $41.5 billion from the federal government just so that they could continue paying out unemployment benefits.

California alone has borrowed $9.8 billion in unemployment benefit money from the federal government, and nobody is really quite sure when they will be able to quit borrowing more unemployment money from the U.S. government.

Things have gotten completely and totally out of control.

But if the U.S. government quits borrowing and spending money so feverishly it will cause a dramatic slowdown in the U.S. economy and nobody seems to want that.

Even with all of the crazy government spending that has been going on the U.S. economy is still on the verge of total collapse.

Unemployment continues to be absolutely rampant.  In the United States today, approximately 14 million Americans are officially unemployed and 8.4 million more are working part-time for “economic reasons”.

But the “official numbers” vastly understate the reality of the situation.

According to John Williams of Shadow Government Statistics, the real unemployment rate in the United States is now above 22%.

The federal government and the state governments are desperately trying to stimulate the economy back to life, but it doesn’t seem to be working.

Meanwhile, the U.S. dollar continues to decline in value as government debt continues to mount.

Damon Vickers, the author of “The Day After The Dollar Crashes”, recently discussed this problem during an appearance on CNBC….

Did you notice how Vickers even used the term “new world order”?

The truth is that globalist institutions such as the IMF and the World Bank have been very busy discussing what the world is going to use as a global reserve currency after the death of the dollar.

Since World War 2, the world economic order has been centered around the United States and the U.S. dollar.  But now all of that is changing.

The American economy is in the midst of a long-term decline and the U.S. dollar is slowly but surely dying.  Already quite a few nations have started to move away from using the dollar in international commerce.  The advantages that the U.S. has enjoyed from having the reserve currency of the world are about to disappear.

So what would a “new economic world order” look like?

Nobody knows for sure, but needless to say it wouldn’t be as favorable for the United States as the current system is.

Most Americans have no idea how close we are to a radical transformation of the global financial system.  The dominance of the U.S. dollar is rapidly fading.  The financial stability that so many of us have taken for granted for so long is about to crumble.

Every single day your dollars become a little less valuable and at some point they are going to start to become much less valuable with each passing day.  You might want to spend them on something real while you still can.

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comments

  • mondobeyondo

    “The dollar can’t die! The dollar is immortal! It is the world’s reserve currency!!”

    So say the sheeple.

    As a once popular “Saturday Night Live” skit went, “Hear me now and believe me later”…

    The dollar is a fiat currency. It will fail. It is inevitable. Everyone wants to know when. I don’t know when. It may be on September 26th, 2013. Maybe before, maybe after. Can’t say for sure. But it WILL fail, eventually.

    Prepare accordingly.

  • John Rambo

    BOYCOTT AMERICAN WOMEN
    Why American men should boycott American women

    http://boycottamericanwomen.blogspot.com/

    I am an American man, and I have decided to boycott American women. In a nutshell, American women are the most likely to cheat on you, to divorce you, to get fat, to steal half of your money in the divorce courts, don’t know how to cook or clean, don’t want to have children, etc. Therefore, what intelligent man would want to get involved with American women?

    American women are generally immature, selfish, extremely arrogant and self-centered, mentally unstable, irresponsible, and highly unchaste. The behavior of most American women is utterly disgusting, to say the least.

    This blog is my attempt to explain why I feel American women are inferior to foreign women (non-American women), and why American men should boycott American women, and date/marry only foreign (non-American) women.

    BOYCOTT AMERICAN WOMEN!

    • ron stroshine

      i could not agree more.67 year old white man( u.s) citizen from nevada now living and married in the phils.i have been through everything divorces living together and had many girlfriends which were american woman and they are mostly nuts spoiled arrogant lazy liars cheaters and don t give one damn about you or your needs.the can kiss my your know what ron

  • smitty

    Bernie Madoff- “The whole government is a Ponzi scheme” laughing my ass off. From one crook to another.

  • William

    If Americans were paying attention to the fact that the FED is creating money to buy US Government debt, there would be a wholesale cleaning of the US Congress, and the unconstitutional FED would be abolished. Yes, the dollar is dying. The only way out is the creation of a new currency. Now, WHAT will that new currency be worth. If you have $100 in the old US currency, would you think it fair to get $10 for your old $100?? It might not even be that generous. So, continue the scam. Listen to Rush and Glen and Newt and Gates and Biden and Obummer and Boehner. You will regret it.

  • mondobeyondo

    Dear America,

    To paraphrase a popular Internet meme:

    “All your country are belong to us!”

    Sincerely, China

  • Colin

    I do believe the demise of the US dollar will lead to either (a.) an existing currency replacing the dollar or (b.) a new currency incorporating elements of the dollar and other currencies.

  • Guido

    The dollar is already dead.
    The new universal currency is oil.

    A guy on the coast to coast Friday related an apocryphal story abotu Janet Napolitano telling a friend to quietly stock up on at least 6 months’ worth of food and water.

    You watch-come what may, the last employer to pay a check in this country will be the US Gov and the DOD.

  • A Dodgy Bloke

    “Will the Death of the Dollar lead to the Birth of a new economic order.” Very, Very unlikely, but it doesn’t mean somebody wont try. Debt is a not just a US problem it’s a global problem just because you don’t see it reported on MSNBS or the Chicken Noodle Network, Fox or the other apologists for the establishment doesn’t mean things are not happening. It just means they either wont report it’s because they’re afraid of scaring the Sheeple, don’t understand it of simply don’t think it’s relevant.

    The fact of the matter the Democrats are either fools or can’t add and the Republicans are just gutless wonders 61 billion dollars dear god this is the best they can do. The problem is once this thing implodes the checks stop Social Security, Medicare, Unemployment, gas and food goes to the moon along with jobs. Crime goes up you guys sitting smug with gold and silver, I hope you got a Glock, a 1911, a High Point, a Mossburg lots a little friends to shoot out of them. I hope to god you have something more than a warm stick. The reasion you ask? How many people know you have gold and silver? How many people have they told you get the gist? Get ready, get armed and get some training.

  • hognutz

    @ A Dodgy Bloke. True sir! Get right with friends and family! You/We will need them!

  • http://www.pathtoasia.com rhea

    Economic instability is the name of the game right now. It’s the only environment in which a “one world currency” can be implemented. It’s the only diversion capable of taking the world’s eyes off of the final stages of “one world government” implementation. You can rest assured; the tyrants of the world are using this crisis to its fullest advantage.

    We help Americans find jobs and prosperity in Asia. For details, visit http://www.pathtoasia.com/job/

  • Tao Jones

    The only way we can hope to survive is if we recognize that we are One.

    Stop arming yourselves to kill your brother. Instead, embrace your brother and let’s all figure out how we can work TOGETHER for a better, more equitable world.

    I can never understand these Guns ‘n Gold types. What do you think, that you will be alive while everyone else dies of starvation and wars?

    Who would even want to live in a world like that?

    Lay down your weapons and open your hands–the only hope lies in Solidarity.

  • Guns and Gold type

    @Tao Jones

    ~spoken like a true socialist~
    I can only hope your being sarcastic

  • Tom
  • Bruce

    Tao Jones —-I can never understand these Guns ‘n Gold types. What do you think, that you will be alive while everyone else dies of starvation and wars?

    Who would even want to live in a world like that?

    Lay down your weapons and open your hands–the only hope lies in Solidarity.””””+++++_____—–

    You are a fool believing in a pipe dream. Man through out the world does the same thing when their country goes into turmoil. The Jewish people got on the trains in Nazi Germany cause their clergy told them them God was coming to save them. I must of missed that did God save them.

    Same thing will happen to fools like you. Man is a predator and will take out the weak first. Human nature. Prepare or be prey your choice.

  • V4Victory

    @ John Rambo, you are silly to blame all your shortcomings on an American woman, let alone any woman. Not all American women are as you stereotype. I’ve traveled the world a good number of times and have found that any woman in any country can have the same flaws you refer to.
    Yes, more women that have those flaws tend to be American, but it is the way American society has trained them. You forget there are still many decent, moral American women who were raised by old fashioned parents. Also the women you are talking about being like you describe are more prone to be in big cities. Move to the country and find yourself a sweet all American country girl who is kind hearted and you won’t be dissapointed. Also a huge factor is if they love God. Most of the time you will find an ideal mate if she puts God #1. The rest will fall into place. God knows you need someone caring….just try not sound like such a bitter jugdmental kurmugeon. You know that saying, take the log out of your own eye before trying to remove a splinter from your neighbor’s? Well everything you said could be said about some American men as well.
    Generalizations are awful…and are bad way to meet a decent woman. Any decent woman who heard you talk like that would be more than turned off, she would run in the other direction. How you portray yourself is often the type of person that you will attract. You catch more flys with honey than vinegar. So it goes both ways. You can’t act horrible and expect to find an angel. Just trying to help. Best of luck to you.

  • V4Victory

    Oh and you know, you might have to eat crow one day when you fall in love and finally meet a sweet and attractive decent American girl. I know lots of them, and they do want children and have good morals….often it is the guys who like to run around and not settle down. More often than not the guys I talk to do not want kids…they wanna stay in college mode forever it seems. Oh well hope you find someone nice either way.

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