Wednesday, June 6, 2012

Losing Reserve Currency Uh Oh.

Here we go it has started..  According to the New York Post (Old article but overlooked by a lot) the United States is losing its status as a reserve currency.  This is very scary people because this is the only thing keeping us afloat and out of hyperinflation.  If we lose the status as the reserve currency you might as well burn your dollar bills.  On top of this Iran has been buying oil with gold and other metals, so we are headed down an ugly road here people.

If you haven't seen the documentary "The Collapse" I recommend you watch it now.  I also recommend you invest in commodities with limited quantities like silver, gold and other precious metals.  People always say these won't be are currency again, but it works well not because gold is worth so much but because it has a limitation.  You can't print forever on the gold standard and everyone knows how much gold is out there.

I recommend that everyone vote Ron Paul before we lose our reserve status.  If we don't we will end up like Zimbabwe..

http://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe

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