Gold Will Benefit From the Coming Dollar Reboot!
Gold and other precious metals are the only true universal currencies, because their value is intrinsic, not imaginary. Since the middle of last year, analysts have been warning of a potentially imminent collapse (40%-70%) of our long-in-the-tooth bull stock market and there is certainly no shortage of potential “triggers” available, ranging from growing fractures in the European Union, to seemingly never-ending trade disputes, to a seriously over-valued, oversold, and dangerously volatile market. All of this has been discussed in the public media, but what has not been identified, addressed, or evaluated in practically any way are the current, back office Trump Administration discussions, regarding a “reboot” of the U.S. dollar.
It’s a critically important discussion that needs to happen NOW and in public! The situation is a serious problem, because rather than identifying and attempting to alleviate it, Americans are simply and blissfully ignoring it, choosing instead to let it break rather than attempting to alleviate pressure and correct it over time. Don’t get me wrong. It’s not at all a simple fix. Since the 2008 financial crisis, the Federal Reserve has lowered interest rates and printed nearly $4 trillion out of thin air. Surprisingly, the economy hasn’t experienced massive inflation. Instead, the only apparent consequence to this point is increasing DEBT! We recently added $1 trillion to the national debt, in less than eleven months, for the first time in our history. Americans don’t seem to be concerned, but as the premier global reserve currency, you better believe that the rest of the world is very concerned with our careless lack of fiduciary responsibility.
President Reagan clearly saw the danger of removing the dollar from the gold standard and the potential for abuse of a truly fiat currency. He attempted a reboot during his second term, but was squelched by career politicians. President Trump acknowledged the impossibility of returning to the pre-1971 gold standard, but alluded to the necessity of a dollar “reboot.” The dollar IS going to get a makeover and most probably this year. Private sector debt in the U.S. is more than $75 trillion. Combine that with the federal debt and you get a total U.S. debt of $97 trillion. That’s more than four times the size of the total U.S. GDP and the Government Accountability Office recently reported that the U.S. is at risk of “fiscal failure.” Unsustainable is a word that keeps being utilized to describe our growing debt.
As I see it, the fix will begin when President Trump invites delegates to gather from at least the top ten GDP countries in the world, as well as the International Monetary Fund, to meet and discuss the process of resetting the value of gold and adjusting the currencies of individual countries to that new basis. It should be a one-time reboot capable of putting the world on a solid and standard footing that can support global economic growth for many years to come. Inevitably, the dollar will be devalued and gold will see an immediate windfall gain. But without the required adjustment, we are sure to face the same type of hyperinflation that unleashed untold economic horrors on the German people, in the Weimar Republic circa 1923. Without at least a 5% interest rate cushion, the Fed would be powerless to affect growing inflation in any way. Don’t get caught without a chair when the music stops! Our national debt is unsustainable and in the opinion of many foreign officials, unacceptable. Call American Bullion now, for professional assistance, at (800) 653-GOLD (4653).
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