A lot of news sources are predicting the very bad for US currency: the collapse of US Dollar. In this blog I will try to find all the points of view to this problem and to dig the best practices to avoid or minimize financial loss caused by collapse to an individual, but the first question which arises is why should US dollar - de facto world standard currency for decades would suddenly drop dead?
53 trillion direct and indirect debt obligations of the US Government. It's a big number! let's put it this way: 53,000,000,000,000! Get it? And it is growing every second, even when you sleep! Want to know more? Here is some info.
And here is the video interview with Comptroller General of the United States:
The Collapse of the Dollar and How to Profit from It
Crash Proof: How to Profit From the Coming Economic Collapse
The Demise of the Dollar... and Why It's Great For Your Investments
How to Survive the Dollar Collapse
The Dollar Crisis: Causes, Consequences, Cures
Saturday, February 23, 2008
Why will Dollar collapse?
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5 comments:
Maybe if the government wasn't full of idiots that enjoy defacing our country by spending 10x the money we have (Bush isn't 100% to blame, nothing passes without support). The way I see it, these people are the real criminals, and should have a criminal record slapped on them and thrown in jail.
Your article mentions "53 billion", then you try to write it out as "53,000,000,000,000"....that's 53 TRILLION....
beegs
Actually he had the numbers right but the words wrong. It should be "53 Trillion"
Yeah, Thank you! the word is corrected now! Probably I was too optimistic whne writing this :-D
What movie clip is at the end of that video? What a great speech.
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