Quote from the article:
Sam Zell, America’s 60th richest man, says this: “My single biggest financial concern is the loss of the dollar as the reserve currency. I can’t imagine anything more disastrous to our country. I’m hoping against hope that it ain’t gonna happen, but you’re already seeing things in the markets that are suggesting that confidence in the dollar is waning. I think you could see a 25 percent reduction in the standard of living in this country if the U.S. dollar was no longer the world’s reserve currency. That’s how valuable it is.”
Extremely high inflation is tied into the dollar losing its status as the world’s reserve currency, as is economic collapse. Yes, the value of your savings and stocks will be drastically reduced, but that may not be your greatest concern. Dying from hunger, thirst, or violence might be.
What will happen when the multitudes who receive welfare checks find it only purchases a fraction of what it did before? These people actually believe that they are entitled to that welfare check. They believe we owe it to them. They will feel ripped off when its purchasing power drastically declines. They will be pissed! What is to stop the emotionalist mobs from causing nationwide civil unrest? If the rioting and looting is widespread, the infrastructure could go down–nationwide. No electricity, no law and order, all governmental services will be overwhelmed, and grocery store shelves will be empty–nationwide. No water, no food, no gasoline, no protection from violent looters. Even your nice next door neighbor will commit violence when he sees his wife and kids dying from a lack of water or food. Can you protect yourself and your family under these conditions? Will any of you be alive when it is finally over in a few months–or years?
Exclusive: Lord Monckton explains what’ll happen when the crunch finally comes