Dec 11, 2010

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When the Dollar Dies

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12/11/2010

We’re clearing out the show today to focus on the end of civilization as we know it. Well, OK, maybe that’s a bit extreme.

This week a lot of data points moved cross the international monetary scene, which are setting stage for the next 48-70 months of geopolitical activity and conflict. That’s why it’s important to focus on this in-depth.

Federal Reserve Chairman Ben Bernanke stated on CBS “60 Minutes” he’ll inflate as much as he needs to. Meanwhile congress is running oblivious to the onrushing economic storms and acting as if business as usual is the norm, infighting over agendas which have no bearing on reality. Thus, a course toward the death of the dollar has been set. In essence, it’s out of control.

First, John does an extended boralogue connecting the data points from this week. Then Dave McAlvany (www.mcalvany.com) from the McAlvany Weekly Commentary joins the show for an in-depth look at what happens historically when a currency dies and where we stand in comparison to that.

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