As you may know, the Dodo bird is now extinct. This charming big-beaked bird lived undisturbed on the island of Mauritius in the Indian Ocean. It lost its ability to fly because it ate nuts and fruits on the ground and did not have any predators. Then in 1505, Portuguese sailors set foot on Mauritius. The 50 lb Dodo bird became a popular dinner. Despite this massacre, it survived. Later, the Dutch made the island a penal colony, introducing monkeys, pigs, and ship rats to Mauritius. These destroyed all the eggs of the Dodo bird.
It's a tragic story and a disturbing allegory for the U.S. Dollar. The dollar has been slaughtered by the Debt Fractional Reserve Banking system, and now, like the imperiled eggs of the Dodo bird, there are a lot more reasons why it will not hatch again. Although the dollar has been in circulation for two centuries and served as the one true world currency, trusted by investors, consumers and citizens, here are 5 reasons I believe the U.S. Dollar is heading the way of the Dodo bird:
1. The dollar also is imperiled because, besides the monstrous federal deficit, U.S. cities and states and American consumers owe another $100 trillion dollars.
2. The dollar will not be bailed out by China a lot longer. Investments of U.S. T-bills by China have actually helped prop up the dollar over the last few years because the Chinese government has become America's financial creditor of last hope. But the prosperous Chinese economic situation now is slowing down with the remainder of the world, which will certainly undercut the capability of the Chinese to keep acquiring T-bills.
3. The dollar will certainly come under stress because of the awful state of finances of America's households. The U.S. economy remains on life support regardless of all the political rhetoric, therefore the dollar will go down with it.
4. The dollar is the standard of debt-money. As the basis of a global economy that is teetering dangerously, the U.S. currency should fall because the Bible guarantees that only God's Money-- gold, silver and other precious metals-- will inevitably survive.
5. The dollar is only as good as the American people's resolve not to get rattled by economic events that will continue to unravel the global system. And as and when this collapse becomes evident to everyone, the only investments that will have any value will be those not denominated in dollars - mostly, gold and silver.
It's a tragic story and a disturbing allegory for the U.S. Dollar. The dollar has been slaughtered by the Debt Fractional Reserve Banking system, and now, like the imperiled eggs of the Dodo bird, there are a lot more reasons why it will not hatch again. Although the dollar has been in circulation for two centuries and served as the one true world currency, trusted by investors, consumers and citizens, here are 5 reasons I believe the U.S. Dollar is heading the way of the Dodo bird:
1. The dollar also is imperiled because, besides the monstrous federal deficit, U.S. cities and states and American consumers owe another $100 trillion dollars.
2. The dollar will not be bailed out by China a lot longer. Investments of U.S. T-bills by China have actually helped prop up the dollar over the last few years because the Chinese government has become America's financial creditor of last hope. But the prosperous Chinese economic situation now is slowing down with the remainder of the world, which will certainly undercut the capability of the Chinese to keep acquiring T-bills.
3. The dollar will certainly come under stress because of the awful state of finances of America's households. The U.S. economy remains on life support regardless of all the political rhetoric, therefore the dollar will go down with it.
4. The dollar is the standard of debt-money. As the basis of a global economy that is teetering dangerously, the U.S. currency should fall because the Bible guarantees that only God's Money-- gold, silver and other precious metals-- will inevitably survive.
5. The dollar is only as good as the American people's resolve not to get rattled by economic events that will continue to unravel the global system. And as and when this collapse becomes evident to everyone, the only investments that will have any value will be those not denominated in dollars - mostly, gold and silver.
About the Author:
Want to find out more about gold and silver, or visit Anne Trimble's site to read her candid autobiography Faith Through The Flames.