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Donít go down with the dollar Ė invest in gold bullion while thereís time.

April 13, 2011 – Americans are quickly running out of time to protect their families with gold bullion investments. But there is stubborn resistance to accepting how dire the situation really is, a natural instinct called “normalcy bias” that preprograms us not to believe disaster is imminent just because such a thing has never happened before.

The government has been playing on that with an unrelenting program of misinformation, but thankfully a few are willing to tell it like it is. Consider some of what Erskine Bowles (co-chair of President Barack Obama’s National Commission on Fiscal Responsibility) said in testimony to the Senate Budget Committee last week:

“We face the most predictable economic crisis in history.” And “this debt and these deficits that we are incurring on an annual basis are like a cancer and they are truly going to destroy this country from within.” How about “It may be two years, you know, maybe a little less, maybe a little more. But … the markets will absolutely devastate us.”

The world has awakened to that fact and the movement to detach global trade from the dollar is well under way.

Porter Stansberry, the founder and the managing director of Stansberry & Associates, a Baltimore–based financial research firm, says that when the dollar loses its status “as the world's 'reserve currency,' it will cause a brutal downturn in the economy, which I expect will be about 10-times worse than the mortgage crisis of 2008.”

Jim Rogers, a highly regarded global investor says “the dollar is not just in decline; it's a mess … [leading] to a huge decline in the standard of living for U.S. citizens like nothing we've seen in nearly a century.”

Brazilian economist Ricardo C. Amaral adds that we are going to see “the major collapse of the US dollar creating the biggest international monetary crisis the world has ever seen.”

It is not only possible for the dollar to fall out of favor, it is inevitable. “The United States would be mistaken to take for granted the dollar's place as the world's predominant reserve currency … there will increasingly be other options,” said World Bank president, Robert B. Zoellick.

Wake up America. The dollar is history. Those who don’t take shelter in gold bullion investments will surely go down with it.

Daily Updates Archive

Jonathan Monroe

Senior Staff Writer -

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