On Borrowed Time? Why The End of the U.S. Dollar is Near

This is a message that everyone who has a bank account should memorize and understand. The picture below shows the history of world reserve currencies.

Contrary to popular belief, the US dollar was NOT first world reserve currency. It is the MOST RECENT. But there is an interesting trend if you look at the picture:

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World reserve currencies since 1400

All the previous reserve currencies ended within 110 years.

As we read this, the US dollar is at 100 years of being the world reserve currency. Unfortunately, people don’t know the history of money, but IF HISTORY REPEATS ITSELF, the US dollar will no longer be the world reserve currency within 10 years.

People may find that hard to believe, but if you take a really good look at the economy and our situation it will start to look like a real possibility:

  • The US prints trillions of dollars annually
  • The Us has a $30 TRILLION dollar budget deficit
  • Countries like Russia and China are stockpiling TONS of gold
  • Russia has announced their plan to cease using dollars
The national debt is over $30 trillion dollars.
See the current debt in real time HERE.

Why are countries and central banks around the world increasing their gold reserves?

See the source image

NONE OF THIS is discussed on mainstream media, but that doesn’t mean it isn’t happening.
So, if the dollar loses reserve currency status, what will happen? Chances are, the value of the dollar will fall, making things we buy even MORE expensive. As prices increase, there will be another run-on items like toilet paper, gasoline, food, and anything you think you’ll need.

The government will LOSE its ability to print money because the more money they print, the faster its value will decrease.

Again, if we look at history, the US dollar will NOT remain the world reserve currency forever. We are already hearing about Central Bank Digital Currencies in the news:

India’s central bank plans to launch a virtual version of the rupee in the 2022-2023 fiscal year, which begins on April 1.1 The announcement of the country’s central bank digital currency (CBDC) came at the same time that India said it will impose a 30% tax on income gained from digital assets. In launching a CBDC, India joins a growing list of countries to issue national digital currencies.

Read more HERE.

Countries around the world are preparing to move away from the dollar, but no one knows exactly when this will happen.

Call to Action

It’s critical people start protecting themselves, and an option worth considering is to hold money OUTSIDE of the US dollar. There are 3 options currently available:

  • Gold
  • Silver
  • Cryptocurrencies

Each of these are separate from the dollar and are designed to protect your wealth in case the dollar crashes. No one knows when the dollar will lose its reserve status, but based on history, its not if it happens, but when.

Again, look at the picture. Look at the trends.

This is why the rich get richer: they own ASSETS. They own assets like gold and silver because they are a store of value and most importantly, hold their value, especially during economic crisis. When all else fails, people turn to gold and silver as safe haven assets. They also own businesses and can generate their own money. In other words, they won’t get laid off or fired, they DO the laying off and firing.

They also have multiple streams of income.

By owning precious metals and crypto and having your own revenue streams, you will be able to protect yourself from an economic crisis when it comes our way.

Instead of relying on one job for your income, aim for a minimum of 5 revenue streams. This can help protect you from any currency fluctuations or economic collapses. Popular options for multiple streams of income include the following:

  • Rental property
  • Stock and mutual fund dividends
  • REITs
  • Vending machines
  • Franchises
  • Royalty payments (books, music, etc.)
  • Monetized websites

This type of information isn’t taught in school, so it’s important you do your own research. Study the history of money and how the US dollar is not “real” money.

And ask yourself: if history repeats itself, how will that affect us as a nation?

Should our kids be taught about business and entrepreneurship? Absolutely! Download a copy of my book Planting Seeds: The Children’s Guide to Entrepreneurship today.

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