March 21st, 2011 04:56 pm
In a recent interview with King World News, James Turk, considered by many to be one of the world’s top experts on gold and silver, states that a sell-off of the US dollar may come about at any moment now and happen very quickly — and suggests that strong precious metals prices are giving us a clear message about a deep lack of confidence in the US Dollar.
James Turk:
“There are so many important things happening here today, but what I am focusing on is how weak the dollar has been. The key is the dollar index took out its low from last November. The way I see it that means the dollar index is going to be closing in on its all-time low of 70.79. Here is the scary part Eric, given how poorly the dollar is trading, I think we could see that low level very quickly.”1
More and more experts have come out of the woodwork this past week warning about the dollar breaking through to new lows at any moment.
Turk continues:
“At some point there is going to be a panic as the flight from the dollar moves from the relatively orderly retreat we are currently witnessing, to a stampede. The charts are telling me that panic is about to begin.”1
So, what happens if panic selling on the US dollar begins?
It wouldn’t be pretty.
And yet it’s happened to many other currencies.
Here’s a video you may find disturbing, but it represents a very real possible scenario:
ASKING THE RIGHT QUESTIONS
The question you need to be asking is not only “How are the rich protecting themselves from a dollar collapse?” but also, “How are the rich preparing to massively profit from a dollar collapse?”
When you watch the videos listed below, you’ll learn what is happening, why this is happening, what to expect next and how the rich are planning to profit from the massive wealth transfer that is about to take place.
With all the events transpiring in the Middle East, some experts are predicting $200-$300 per barrel oil. If you thought the economy was bad now, just imagine what $8.00/gallon gas prices would mean.
JAPAN: FROM #1 BUYER TO #1 SELLER OF US TREASURIES?
Finally, combine all this with the FACT that Japan was the #1 buyer of US Treasuries, and yet after the recent disaster, they will not only drastically cut back or altogether STOP buying Treasuries, they may, in all likelihood, start SELLING OFF their US Treasuries to become the #1 SELLER of US Treasuries!!!
So, are you prepared for soaring food prices, gas prices, clothing prices and all other essentials?
Or are you simply waiting for your revalued dinar to protect you from hyperinflation?
If you wait, and RV does not happen before hyperinflation hits, then what?
What’s your Plan B?
Do you have one?
Do you have a garden in your backyard? (This is a SERIOUS question — not rhetorical.)
Do you have assets that will INCREASE in value, instead of DECREASE with the US dollar?
And, even if the IQD does RV before then, how are you going to protect your new-found wealth if the U.S. dollar loses much if not most of its buying power?
Will you convert your Iraqi Dinar into US Dollars and put those into an LLC or a bank somewhere? What good will that do you if most of your wealth is in US Dollars and the value of the USD starts looking more and more like the current Iraqi dinar?
If the U.S. loses its reserve status, which more and more analysts are saying IS going to happen, then expect the value of all your U.S. dollar assets to bottom out.
These are all important factors to take into consideration as you plan your post-RV finances.
Consider this shocking warning just issued by legendary bull market trader James Dines to King World News a couple of days ago…
“When you’re running the printing presses with this QE2 you have more paper chasing each bushel of wheat, corn and each pound of sugar so prices are going up… So we’re in a super major bull market in food and that’s what’s beginning to sink in on the world.
Right now in the aftermath of the printing presses of the 80’s and 90’s, their solution is to run them even faster. They can’t figure out why it’s not working, it’s because they don’t understand what’s happening. Anybody who doesn’t understand currencies will not keep their wealth in what is coming. There is going to be the biggest transfer of wealth in history.
What’s happening is it’s the end game now. They have printed all they can, the debts are completely out of control, there’s a terrible crisis coming and it’s typical that type of situation leads to a war…It happened in the 1930’s and it’s going to happen again. I’m looking for a nuclear war somewhere on the Asian land mass, I’ve been making that prediction for many years, probably between India and Pakistan.” 1
To fully understand the urgency of what’s facing the U.S. economy and how to deal with these crises as they hit home, you need to watch the following videos in order:
- Soaring Food Prices: Food prices spiraling out of control globally. Watch to the end – it’s shocking: http://wealthcycles.org/food
- 7 Stages of Currencies: Discover the 7 stages that all currencies go through and what stage the U.S. dollar is in now… and what comes next: http://WealthCycles.org
- Protect and Profit: Discover how to protect your assets from hyperinflation and how to profit from the greatest wealth transfer in human history. This 90-minute presentation follows the one above once you login.
Millions of Americans are suffering from normalcy bias2 right now. We call it DITH Syndrome (Deer In the Headlights Syndrome). Don’t be caught unprepared.
If you can see what’s coming, you’ll have a much better chance to not only protect yourself and your loved ones, but also to profit immensely as this MASSIVE wealth shift occurs.
This is about being POSITIVE and PROACTIVE, not about fear-mongering. There is a WONDERFUL opportunity here if you can see it. More millionaires were produced out of the Great Depression than at any other time in history. This period that stands before us could eclipse that for those who position themselves properly.
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1 King World News: http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/3/21_James_Turk_-_Panic_Selling_of_US_Dollar_Could_Happen_Quickly.html
2 Normalcy Bias: http://en.wikipedia.org/wiki/Normalcy_bias
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