by Jeff Berwick: The
Great Collapse of the US Empire
If there has
been a more dangerous time for your wealth in human history we are
unaware of it. There have been individual or even entire nations
of people who have been wiped out in the past but never before has
there been such risk to assets across the entire globe.
In the past,
a few savvy Zimbabweans have converted their Zimbabwe dollars into
US dollars to sidestep the complete annihilation of their currency
and savings. Or residents of the Weimar Republic were able
to salvage their wealth and savings by stepping across the border
and converting their marks into francs.
But what happens
when the US dollar, the world’s reserve currency, and with it all
fiat currencies collapse? It’s not an if, it’s a when. Anyone
who has done even a modicum of research into the financial state
of affairs of the western nation states knows that it is not only
inevitable but imminent. And those who have studied the history
of currencies, specifically fiat currencies, knows that they all
eventually reach their intrinsic value and rarely ever last more
than forty years – an anniversary that passed on August 15,
2011 which marked forty years since the Nixon shock when the US
Government was bankrupted by the Vietnam war and the gold backing
was taken away from the dollar.
THE MAESTRO KNOWS
absence of the gold standard, there is no way to protect savings
from confiscation through inflation” ~ Alan Greenspan
Only a relative
few people have figured this out and have moved a significant portion
of their savings and wealth into precious metals to avoid this confiscation
for the last decade.
The proof of
the effectiveness of gold versus fiat currencies in this final stage
of currency collapse is in the proverbial pudding:
It’s a neck
and neck horse race to the bottom for pieces of paper with pictures
painted on them and forced upon people to be used as money. No
real money needs legal tender laws to make people use it.
DEATH OF FINANCIAL PRIVACY
But, here is
why it is the most dangerous time in human history for the preservation
In the past
you could flee to other jurisdictions when the local currency was
in collapse. But now there is no where to run. And to
make matters worse almost every western nation state is colluding
with the other states to limit your ability to escape.
have it the worst of anyone. The US Government has been closing
as many doors as possible. It has been years since a US citizen
has been accepted in any other country as a stock brokerage client
as the SEC has used the threat of their black helicopters to ensure
that no one dare accept those with a US passport as a client. And
now, with the Foreign Account Tax Compliance Act, or FATCA
passed in 2010 and some of its legislation coming into effect this
year, it all but ensures that soon no bank anywhere in the world
will accept US citizens as clients… it’s just too risky as even
not reporting one client, even if it is by accident, gives the US
Government the “right” to seize a large part of that banks business.
As well, most
western nation states have begun information sharing agreements
to track each others tax slaves across borders. As we’ve stated
her before, financial privacy is dead.
Now, with almost
every western nation state and their socialist systems beyond bankrupt
and desperately reaching with its outstretched claws to take more
of their citizens assets to keep the system alive a little longer
there is almost no where to hide.
The US and
almost every country on Earth is preparing for this and already
checks everyone leaving almost every country to divulge whether
they are taking more than $10,000 with them. The US has even
put cash sniffing dogs at many of their international airports and
accosts you as you walk to the plane to make sure you do not leave
with more than a pittance of money. The next step will be
to disallow you to take that money from the country altogether.
At that point
many western countries will have no problem pushing through legislation
to confiscate gold or at least tax it at some obscene level. No
one except “rich people” – the 1% – own gold as far as
the public is concerned and the fascist media always likes to portray
those who own precious metals as terrorists laundering money or
deposed dictators fleeing from their countries. You don’t
think the public won’t cheer when gold is taxed at 90% of its value
YOUR GOLD OUT OF DODGE
So, even if
you were smart enough to see this all coming and to divert a significant
portion of your funds into precious metals you still could wind
up losing everything.
That is why
this is the most dangerous time in human history for your wealth.
Doug Casey recently stated:
one simply must internationalize one’s assets. The biggest danger
investors face, by far, is not market risk – huge as that will
be – but political risk. The only way to insulate yourself
from such risk is to diversify yourself politically and geographically.”
lies the good news: International capital controls have yet to be
put in place. So, you still have time to arrange your affairs
to geopolitically diversify your assets to guard against the risk
of any one country confiscating this last vestige of monetary wealth.
How much time you have to do so is anyones guess… but time
is definitely running short.
But your government
trained and registered financial advisor isn’t likely to tell you
about protecting yourself through the purchase of precious metals.
And he most certainly won’t have the knowledge to advise you
on how to internationalize your precious metals.
That is why
we have spent the last nine months putting together a complete compendium
on internationalizing your precious metals called “Getting
Your Gold Out Of Dodge“. It has research and details on
every facet of internationalizing your gold from listing gold vendors,
storage options and transporters on every continent except Antarctica
and even has dozens of anecdotes from TDV subscribers pertaining
to entering and exiting numerous countries with your precious metals.
If you have
the knowledge and do it right it can be as simple as a mouse click
or an international flight. If you do it wrong you can end
up in jail in any number of countries as has happened to numerous
people we interviewed.
the fiat currency collapse will be fraught with risks but it will
also offer once-in-a-millennia opportunities for those who manage
to keep their wealth in tact through the transition. Hotels
could be purchased in the Weimar Republic (Germany) during their
hyperinflation for one or two gold coins… the key will be having
your gold and silver in a usable form and not having it confiscated
We are pleased
to provide “Getting
Your Gold Out Of Dodge” to offer everyone the chance to not
only survive but thrive through the years ahead. Your government
won’t tell you how to do it… and your financial advisor won’t
either. It’s up to you to do your own research and be one
of the few with a store of wealth in which to rebuild the world’s
economy post-fiat currency. One of the best strategies for
doing that is to own precious metals AND to keep them out of the
reach of the western nation states as they and their manmade currencies
Your Gold Out of Dodge” is available here. It is free
to TDV and TDV
Golden Trader subscribers or for a one-time price of $44.95
USD. It may be the best use of your fiat Federal Reserve Notes
you’ve ever spent.
with permission from The
Berwick [send him mail]
is an anarcho-capitalist freedom fighter and Chief Editor of the
libertarian, Austrian economics grounded newsletter, The
Dollar Vigilante. The Dollar Vigilante focuses on strategies,
investments and expatriation opportunities to survive & prosper
during and after the US dollar collapse.