Stansberry Research predicting financial collapse

[Hoonose]

Originally Posted by Mikelee81

How stable is the American Currency? Why are certain countries like China promoting their citizens to trade in their dollar for silver?

A few years back China began promoting savings/investment in gold and silver. The Chinese are habitually savers, and they like the physical wealth/security of gold. But most Chinese people don't buy gold with USD.

[texdav]

We see what has happened to gold and silver. Neither China or India has citizens who belief in their own currency plus in China your savings is your retirement plus medical is cash upfront for treatment.

[Willy702]

People tend to read and quote anything written which confirms their own beliefs. Socialists don't read Ann Coulter's books and have a change of heart. Ben Bernanke isn't going to read something like Stansbury and do a 180 on policy. It has come to a time where people don't write to persuade others even if they wish they could. They write and opine to sell to people already on their side.

[jertheber]

Originally Posted by Mikelee81

How stable is the American Currency? Why are certain countries like China promoting their citizens to trade in their dollar for silver?

Because there is a lack of FAITH in the American Dollar...

Because of our FISCAL POLICY..

Countries are getting nervous hanging onto their Dollar as they see America in quite a predicament with our TRILLION DOLLAR DEFICIT, shaky economy (lacking manufacturing and agriculture sector), welfare population, recession comeback failures, etc..

They see that there is too much POWER with the Federal Reserve and how they have misused that power and there is talk of a "basket" of currencies to replace the Dollar as the World Reserve Currency.

So financial collapse IS VERY MUCH A POSSILITY.

Is there even any gold in Fort Knox anymore.. Our Dollar has no real silver in it.. It's just a piece of paper telling people how much it is worth.. but when the TRUE VALUE does not match with the printed value..

.. the best value you get is using your $100 American dollar for toilet paper because that's all that it is truly worth.

It's just a piece of paper at the end of the day.. for many.. it's just a number on a screen in digital format..

Well, Fiat currency isn't a new thing, nor is it the reason that the US will probably suffer in the future. When one looks beyond the immediate it becomes obvious that the forces behind the schemes of wealth transfer are the problem. Most people see the dilemma in having dubious money sources become the real power in any government, let alone a democratic government. But that's how it is and any amount of bitching about it is now useless it seems.

Our government married the interests of capital long ago, back in the colonial times that was the case just as it is today. Nothing much changes when those on top are satisfied, it's only when those on the bottom begin to organize against the upper class that things get interesting. Stating the obvious, we all know our currency buys things, that makes it's value much higher than toilet paper and you know that, things will need to get to that point that our money really IS worth nothing in order to alarm the average American.