The Death Of The Dollar

From Rebellion:

The Death of the Dollarfrom feed/http://lsrebellion.blogspot.com/feeds/posts/default by Old RebelNo-win wars, runaway spending, outsourcing of jobs -- there's only one way that story can end, and that ending is closer than you think:






Nothing can save our financial system in the long run. It is doomed to collapse. This is inevitable, because our government controls and manages its very foundation -- the dollar.



The federal government began its takeover of the dollar in 1913 when it established the Federal Reserve Banking System. Prior to that, the dollar was a real store of value....



Since the establishment of the Federal Reserve in 1913, the dollar has shed more than 90 percent of its value. The loss of value has been especially pronounced since 1971, when Richard Nixon took the dollar off the last vestiges of the gold standard....



With more than $13 trillion in public debt and some $100 trillion in unfunded mandates, our federal government has assumed far more obligations than it can ever make good on. Worse still, these figures are growing larger every year.



To put it bluntly, our federal government is flat-out bankrupt. Currency disintegration is always the unavoidable result of government bankruptcy. The dollar -- which has been weakening for many decades -- will at some point go into a sudden death spin.



So ask yourself: How many people depend on you? What have you done to prepare for the day the bottom drops out?