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Bret Graham
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Bret Graham   My Press Releases

You Need to Know What's Coming!

Published on 7/9/2014
For additional information  Click Here

As the dollar loses favor throughout the world as the "world reserve currency" aka the "petrodollar" and as more US cities and even counties file for bankruptcy and as more banks fail, the federal government just continues borrowing money and printing FRNs (Federal Reserve Notes). Hyperinflation is inevitable! Due to the ever growing interest payments on the national debt alone, it is highly unlikely that the US will be able to balance its budget ever again. Reducing the deficit does nothing to reduce the national debt. Our beloved country has more government debt than any country in the history of the world. Today, the US private sector has virtually stopped buying US treasuries and is actively dumping government debt. Foreign central bank purchases of US treasuries have declined down to 30% and the Federal Reserve purchases have increased to 70%. Soon foreginers will stop lending the US money which will leave only the Federal Reserve (via the Bureau of Engraving and Printing of the US Dept of the Treasury) printing money out of thin air to fund federal deficit spending. This option will come to an end when (not if) the Chinese government along with many others are successful in removing the US dollar as the primary "world reserve currency". There is already a run on the dollar. Many of our creditors, like the Chinese, are getting out of the dollar as fast as they can. China is secretly buying gold and all the gold that is mined in China cannot be removed from the country and must be sold to the government. Nevertheless, the Chinese still hold over 1.5 Trillion of US debt making China the single largest creditor of the United States. Last year, Germany demanded the return of 300 tons of their gold that is being held on deposit by the Federal Reserve. Rather than just arranging to return the gold, the Federal Reserve told Germany that they would return the gold over a 7 year period. Does that pass the smell test? Now Denmark and Switzerland are in the process of removing all of their gold out of the US. Something to watch for in the news, by the end of summer 2014, will be when the Chinese central bank discloses the amount of gold in their gold reserves. Approximately every five years (communist five-year plans) the Chinese disclose the amount of their gold reserves. If the "analysts" and "experts" report that the amount of gold disclosed is far greater than anyone anticipated, it will accelerate the worldwide loss of confidence in the dollar and bring China's currency closer to becoming backed by gold which would make it a highly desirable replacement for the US dollar as the "world reserve currency". Recently, Russia announced that it may back the Ruble with gold. The United States is rapidly approaching the largest financial crisis in history and no electronic or paper asset denominated in US dollars will survive the coming currency collapse and hyperinflation followed by social chaos. Go to: SurvivalGuy.org

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