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I'm fully convinced that the Titanic is NOT "unsinkable".

....or by stupidity. Doesn't matter as the result could be the same. Then again, the result could be totally different. Depends on which economists you read and agree with.

I try not to spend much time worrying about events that will be totally out of my control. I think the change to different currency will happen - but it will be our own fault for the poor decisions and bad management of those WE elect.

We can only conjecture but it's possible the economic trauma of losing currency reserve status in the US would end up saving this country for future generations by taking us OUT of the financial/military/world power race.

I heard it ALREADY lost most of its reserve status. And countries are asking for their gold back. This IS ominous. We are seeing things similar to some things in Germany in the 20s-30s. That led to WWII.

ALSO, part of the problem back then was that Germany had problems and started having more silver than gold, which hurt gold exports at a profit in the US. TODAY, they have asked for their gold back, which is effectively FREE, so it is similar to never having paid for that gold, as far as its effect on the US economy. That could be one reason why the US doesn't want to send it back all at once. Countries have gone to war for LESS!. BTW the following site shows how you could have invested just 10 deutsch marks, about $6.38USD at todays prices, and earn 1 TRILLION marks! YEP, you would be a TRILLIONARE in FOUR years!!!!!!! It DID have expiration dates, but if you DID have that money today, it would be worth $637,377,000,000 To put that into perspective, the value of the gold today would be I think it is like $1100. Unfortunately, the tool I like doesn't go back that far.

Steve

True, the prototype in 1912, showed the flaws, the next one, should be unsinkable?

The value of the U.S. dollar is propped up by something called the "Petrodollar System". Basically, large oil producing countries such as Russia, Saudi Arabia, and Kuwait price their oil in U.S. dollars which creates artificial demand and makes everything cheaper for us. If this system fall apart, prices in America will go through the roof. Russia just so happens to be the SECOND LARGEST oil producer in the world which means that they can cause the most damage. I believe the Russians are going to be forced to pull the plug on the U.S. dollar very soon because the Saudis are intentionally flooding the market with cheap oil which explains why gas prices are falling so rapidly. Once the value of Russia's currency falls to a certain point, they may begin pricing their oil in Russian Rubles to prop up their own currency. The results could be devastating for us.

Russia Declares Death of Dollar | OmegaShock.com

Another country that poses a threat to the Petrodollar System is Iran. Iran is attempting to launch a new petroleum exchange (oil bourse) where oil is priced in currencies other than U.S. dollars. This is the REAL reason why Iran wants to acquire nuclear weapons. The leaders of Iran obviously understand that every country that possesses nuclear weapons is virtually untouchable. If the leaders of Iran attempt to launch off their new petroleum exchange without acquiring nuclear weapons, they will meet the same fate as Saddam Hussein. Back in 2000, Saddam announced that he would begin pricing his oil in currencies other than the U.S. dollar. A couple of years later, he was toppled.

The Real Reasons Why Iran is the Next Target:

The U.S. dollar is also going to lose its "World Reserve Currency" status in the near future because our currency is nothing more than paper. It isn't backed by gold and our national debt is through the roof. When the U.S. dollar is no longer the reserve currency of the world, it will almost certainly collapse regardless of any actions the Federal Reserve takes to prevent it from happening. Investors and foreign governments are going to be dumping U.S. dollars like crazy and calling in their loans. Our government will have no other choice than to default on our massive debt. When the U.S. defaults on its debt, the end result will be a total collapse of the U.S. economy. The U.S. dollar will become completely worthless like Zimbabwe's currency.

When the U.S. economy collapses, America is going to fall into chaos. Every single business is going to go bankrupt. Everyone is going to become jobless. Entitlement programs like Social Security that millions of people rely on for income are going to end. The stock market is going to crash. Life savings are going to be wiped out in a matter of days. Violent riots are going to break out in the streets. Millions of people are going to resort to looting, robbery and burglary as a means of survival. This violence is going to get so far out of control that the U.S. government will have no other choice than to declare full-scale martial law. The U.S. Constitution which grants you your freedoms and rights will be "temporarily" scrapped until things can be sorted out.

Is this just the end of the United States as the world's leading superpower? Or is the global economy going to collapse with us? I believe the collapse of the U.S. economy is going to cause a global economic collapse. When we go down, we're going to intentionally take down every country that's conspiring against us. The Russian economy is going to collapse due to the crippling economic sanctions we impose against them. I'm sure the Chinese economy is going to collapse as well because we're probably going to find a good reason to impose crippling economic sanctions against them. When the economies of every superpower collapse at the same time, every other country will be dragged to the bottom with us because our economies are linked together.

I believe the global economic collapse will happen by design. The globalists who secretly control the entire world are manufacturing the circumstances that will lead to the demise of every country. Their plan is to completely destroy what's currently in place and join every country together as a SINGLE TOTALITARIAN STATE with a SINGLE CURRENCY. Their intention is not to spread prosperity across the world. What they really want is ABSOLUTE POWER. All the wealth of the world already belongs to them, but they don't have complete control over the people. They won't be satisfied until they take away the freedoms that you and I enjoy.