The Dollar

I don't often make copies of articles written by others, but I will link to them. Today is an exception. I have the deepest respect for Dr Ron Paul as the patriot that he is. So I am linking and copying this article below.

Now you may ask what does this have to do with preparations? I say if we do not see whats coming we can not prepare fully. It can be hard enough to prepare for life's every day problems but when things start sliding down hill in a big way it would be nice if my friends and family had a heads up and were able to get their houses in order.

If the dollar does collapse and that is a very small if, what you have on hand may be what you depend on for your families piece of mind. If barrels of fiat money are worthless then where will the real value be? You decide. It is to critical a question for someone else to decide for you. But I do have opinions. Food storage will be critical. So will skills that can be bartered for things you don't have. Tools and the knowledge to use them will be important. The time to learn how will not be when it is desperately needed. Also products for everyday comfort will be wanted but may be hard to get. So the best time to get may be now when the dollar is still of value.

My next opinion is that hard money like gold and silver will also be an asset. Small denomination coins are best. It may be very hard to make change from a one oz gold piece but if you bought an item with 2 oz of silver you may be OK.

Above I mentioned bartering; That may be the way some folks survive. DON'T barter away things your family uses regularly unless you can produce more. DON'T barter away things that could come back to hurt you. I mean thing like ammunition. If you have a small supply of .22 ammo for small game hunting or pest control don't trade any of it. Ammo traded into the wrong hands could be used against you.

Now as always my disclaimer. I am not an expert, I don't claim to be. But I do encourage you to PRUDENTLY set a course that will over time help you and your families to become more prepared. Do it prayerfully. Do your own research.

Now for the article below.
Peace


Ron Paul: US Dollar Collapse When China Stops Buying Debt

by Jesse Wojdylo

Subprime Blogger

Tue, Oct 20th, 2009 12:00:00 am

Source: Subprime Blogger

In February of 2009 Ron Paul warned of a US Dollar collapse when China stops buying out debt in this video. There are many good points that Mr. Paul points out in the video but none were more prophetic then calling for the dollar bubble to burst. When the video was recorded the US Dollar index was around 86. Today the US Dollar Index is currently at 75.5.

Another ironic fact about this video is that shortly after this video was recorded President Obama went on 60 Minutes and made the statement that “the dollar is still strong.” Unfortunately the dollar was not strong and we have seen that as a 10% drop has happened since the president’s statement. For those of you wondering why the value of the dollar continues to decline it is truly supply and demand.

The Federal Reserve Bank continues to print money at will. The billions of dollars that have been created out of thin air because of the stimulus package are only decreasing the value of the dollar. Not only is the value of the dollar decreasing, the Federal Reserve Bank is causing people to do things that they normally would not do. With extremely low interest rates people are going to buy homes. There is no problem with people buying homes except that many of these home buyers cannot truly afford homes. For reference to this take a look at the subprime mortgage crisis.

Ron Paul has hope that things will get better though as many Americans are educating themselves to the situation at hand. The book End the Fed by Ron Paul remains on the Amazon.com Top 100 list when is encouraging. If we continue to do the research and better understand what is going on then we are more apt to make the changes necessary to avoid possible disaster.