<p>The U.S. dollar is on the verge of catastrophe.</p>
<p>For the first time in history, the debt of the most powerful government on Earth, leading the world’s largest economy, has been <strong>downgraded</strong> by Standard & Poor’s to Double AA from a perfect Triple AAA.</p>
<p>The political grandstanding of the Republicans and Democrats over the debt ceiling made many Americans and others around the world <strong>doubt our leadership</strong>. And many feel the final deal between doesn’t go far enough to reduce US government spending.</p>
<p>US government debt now <strong>equals the country's Gross Domestic Product (GDP).</strong> That's like you or I owing an entire year of our incomes to Mastercard and Visa.</p>
<p>The 2007-2009 financial crisis appears to have been the first step toward a deflationary depression that could destroy the savings of three generations of Americans. We’ve technically been “recovering” since March 2009, but despite all government and Fed actions to stimulate the US economy, <strong>unemployment stubbornly remains over 9%</strong>.</p>
<p>That is, unless the government’s massive cash creation unleashes a <strong>wave of hyperinflation</strong>.</p>
<p>The US dollar has recently hit <strong>new record lows against the Japanese yen and Swiss franc</strong>, despite massive interventions by the central banks of those two countries.</p>
<p>China has divested itself of <strong>97% of its holdings of short-term US Treasury bills</strong>. That happened by March 2011, well before the current downgrade.</p>
<p>China still owns many billions of US dollars of long-term Treasury bonds and is clearly <strong>worried about the future</strong>. They are making a big show of supporting Europe’s economy, so they have an alternative to the US dollar. What is wrong with us when the <strong>biggest Communistic country on Earth has to lecture us on how to manage our currency?</strong></p>
<p>How much longer will China, Japan and international bankers continue to buy U.S. Treasury bonds to finance our swelling budget?</p>
<h2><center>If these countries began selling US dollars instead of buying, the <strong>hyperinflation would bankrupt America</strong></center></h2>
<p>We – and Europeans – are also <strong>threatened by the debt problems of Europe</strong>. Greece nearly went up in flames over austerity measures forced on that country. Italy, Spain, Portugal and Ireland are also in bad shape. How long will France and German taxpayers continue to support them? If the euro breaks up, that will create more <strong>financial instability for the entire world</strong>.</p>
<p><strong>Gold recently hit a record high of $1,813 per ounce</strong>.</p>
<p>I can't tell you exactly what is going to happen in the treacherous foreign exchange and financial markets in the future. Maybe another recession - the double dip some have been predicting since April 2009. <strong>Maybe deflation leading to a horrific depression. Maybe hyperinflation. Maybe a total collapse of the world's financial markets and infrastructure.</strong></p>
<p>All I know for sure -- and every day's headlines confirm this -- is that the <strong>future for the US dollar, euro and other fiat currencies looks dark and ugly</strong>.</p>
<p>Bring on the Crash! offers a 3 part process to <strong>protect yourself and your family from these dangers</strong>.</p>
<p>Whether you have $2,000 or $2 million, this volume contains the resources you need to make sure you <strong>weather the coming storm</strong>.</p>
<p>This 3 step process is a comprehensive plan to <strong>survive almost all financial emergencies the US dollar is now facing</strong>. </p>
<p>And if we never fall through the thin economic ice the United States is now skating on, you'll still <strong>benefit from diversifying your retirement portfolio</strong>.</p>
This book is also available in paper through CreateSpace, and an Audible version is in the works.
If China, Japan, the European countries and Middle Eastern countries all tried to cash in their US dollars at the same time, the dollar's value would rapidly plummet by 99% or more. They'd make a quick profit, but the majority of their dollar reserves would become worthless.
They couldn't sell US dollars fast enough to avoid trashing their own supply, and they know it.
There's an old saying: if you owe the bank a thousand dollars and can't pay it back, you have a problem. If you owe the bank ten billion dollars and can't pay it back, the bank has a problem.
If the United States owes world banks $15 trillion dollars and can't pay it back, the entire world has a problem.
And if the United States dollar plunged in such a disaster, that would mean an incredible reduction in world demand for goods, food, commodities and energy.
Nobody Wants to Feel the Pain
Nobody really wants to face up to this predicament.
Certainly not American politicians. President Bush was a big spender and President Obama an even bigger one.
Most people in the United States would resist true governmental fiscal responsibility as strenuously as the rioters in some developing countries put on an “austerity†program by the World Bank.
In the long run we'd all be better off -- but nobody wants to live through the bloody (and I do mean that literally) consequences of true fiscal reform.
Nobody in the United States. Nobody in other countries, except -- maybe -- a few self-sufficient farmers.
Fiscal fitness is sort of like physical fitness. Everybody wants to be strong. Only a few people get up off the couch and regularly exercise.
Now for the good news.
In many ways, we're better off than other developed countries.
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