Is there any hope for the recovery of the U.S. dollar? If not, what will happen ?
-- -Jack W., Nov 2004
ANSWER:
Hope is based upon faith, and faith is based upon confidence
and substance, at least in the financial world.
Today's dollar, devoid of any substance, is purely symbolic
of the American dream. Sadly, U.S. dreamers are no longer
working hard and saving, but instead, spending and borrowing.
The U.S. debt limit must soon be extended from $7 Trillion
to infinity, or else the "strong dollar" era must soon end.
The dollar today faces two major foes in the near term;
The Euro and Gold -- both of which benefit from the dollar's
demise, but Gold alone is the ultimate form of money.
When confidence in the U.S. dollar finally does collapse, we
will experience the deepest recession in decades, along with
runaway cost of living increases (inflation) which will turn
millions of American dreamers from princes into paupers...
unless they have converted some symbolic money (dollars) into
substantive money (gold).
More from my book ...
"Substance Over Symbolism:
The Folding, Spindling & Mutilating of America's Money System"
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