The Golden Age Of The US Dollar Is Over!

Greetings,

Note: As you read the opinions below let it be known that these people recognize that something major is underway. It is a shift in effort power. It is a shift in political influence. It is the end of American power and dominance.

It goes back to these few words of wisdom that everyone is trying to ignore, but can’t. That is…”The strong-hold of the American government is falling to pieces. She has lost her prestige among the nations of the earth. One of the greatest powers of America was her dollar. The loss of such power will bring any nation to weakness, for this is the media of exchange between nations. The English pound and the American dollar have been the power and beckoning light of these two great powers. But when the world went off the gold and silver standard, the financial doom of England and America was sealed.”-pg.87(tfoa)

The Golden Age

YOU would have thought by now — 43 years after President Richard M. Nixon scrapped the gold standard — that gold’s role as an economic instrument was over. After all, the mighty metal that once held sway over the global monetary system was supposed to have, by this point, finally been reduced to just another asset peddled on the Internet.

But in fact in recent weeks, gold has experienced a renaissance of sorts, quietly re-emerging as the centerpiece of a handful of initiatives in Europe, Asia and the Middle East. On Dec. 1, voters in Switzerland considered — and eventually rejected — a populist plan to force its central bank to buy gold in a controversial bid to stabilize its currency. Russia and China both made headlines by snapping up enormous stores of gold. In late November, Marine Le Pen of France, a nationalist politician, called on her government to start amassing gold, and the Netherlands followed suit, revealing that same week that it had repatriated $5 billion of its own gold from a vault in New York City owned by the Federal Reserve.

Even the Islamic State, it appears, has become intrigued by gold. Declaring last month that it wanted to avoid “the tyrant’s financial system,” the group released a statement announcing that it was planning to produce a line of custom-made gold coins.

What’s going on here? Like almost everything concerning gold, the experts don’t agree. Some have interpreted the metal’s mini-comeback as an indication that financial Armageddon, in the guise of runaway inflation, is approaching. Others have read the recent moves as a symbolic way for central banks and governments to make a show of strength in nervously uncertain economic times.

“Holding gold, for people and for governments, reflects our anxieties about the future,” said Michael Bordo, a professor of economics at Rutgers University who specializes in monetary history and policy. “Even though it might seem somewhat retrograde, to many investors, having it on hand is something safe.”

At a time when central banks around the globe have tried to foster growth by aggressively printing money — which can in theory devalue sovereign currencies — moves by countries to recall their stores of gold can help create a “culture of stability,” Professor Bordo said. But then again, to simply stockpile gold doesn’t guarantee the health of an economy, and some analysts have said that such notions of stability are often more psychological than actual….MORE HERE

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