The In-Credible Shrinking Dollar: How To Fight Back!

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Friday, October 02, 2009

The In-Credible Shrinking Dollar: How To Fight Back!

The In-Credible Shrinking Dollar:

How To Fight Back!

Once upon a time...

American economists used to arrogantly say, "The dollar is OUR currency, but it's YOUR problem!" Today the falling dollar is fast becoming EVERYONE'S problem!

The above chart shows the U.S. dollar's performance over the last 93 years. Between 1915 and 2009 the dollar has shrunk to just 3 cents! Could it fall to one cent in the future? Read on and judge for yourself.

Warren Buffet recently warned of "The Greenback Effect" in NY Times:

"Unchecked greenback emissions will certainly cause the purchasing power of currency to melt."

Buffett continues, "The U.S. economy is now out of the emergency room and appears to be on a slow path to recovery. But enormous dosages of monetary medicine continue to be administered and, before long, we will need to deal with their side effects. Washington's printing presses will need to work overtime."

What's really at risk now is the dollar's role as reserve currency. Unless foreigners continue to buy dollar-denominated assets, the exploding US trade and budget deficits threaten to sink the US dollar.

"The international exodus of the dollar has begun! The simplest solution to protecting your time, labor and nest egg is by converting a portion of your wealth from unstable dollars into gold, the most stable currency on earth," said Swiss America Chairman and WND columnist Craig R. Smith.

All dollar-holders need answers to these four key questions right now;

Is it prudent to keep your wealth denominated in a declining currency?
Will the Chinese lead a global exodus out of the dollar in 2009-10?
Could the new IMF "Special Drawing Rights" replace US dollars globally?
Are you ready for side effects: higher interest rates and cost of living?

Get our latest special report: "The In-Credible Shrinking Dollar: How To Fight Back."

PLUS get their "Rare Opportunity 2009" DVD and newsletter, "Financial Light of the World", and Joseph Farah's "9 Economic Realities of 2009" on audio CD all FREE.

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