We all know that there was the beginning of a severe recession in 2008, triggered by what has come to be known as the sub-prime mortgage meltdown. What most do not understand is that the trigger event was simply the culmination of long-term bad monetary policy on an international scale--with the United States leading the way. The 2012 "End of the Road" documentary film is a must watch for anyone with a desire to understand the dynamics driving this bad policy, and the ultimate natural consequences. This film is a wake-up call to everyone, and hopefully not one that is too late! Starting with the creation of the Federal Reserve in 1913 by Woodrow Wilson's administration and ending with the 1971 decree by President Nixon that severed the dollar from its backing by gold, our currency no longer had any underlying intrinsic value and became a fiat currency.
Since the U.S. dollar had been established as the world's reserve currency at the 1944 Bretton Woods International Monetary Conference in New Hampshire, once our dollar became a fiat currency, all of the world's currencies became fiat currencies. In simple terms, there was no longer any limitation on how much money governments could spend. In order to keep this shell game from collapsing, the prices of gold and silver have been artificially manipulated to keep their values down. No administration wants to be in office when the house of cards comes tumbling down, which it must do at some point. The monetary policy of the world today is one of continual inflation of individual currencies to keep the game in play for as long as possible. Debt is what drives the game, so there is a continual clarion call to take on more debt. Think of the famous credit card commercials that told us to "think of it as money." The banks know the game is about to end, so money for loans is very tight. Not because the banks do not have the money to loan; collectively they have trillions of dollars stashed in their vaults. The smarter countries are now amassing gold on a massive scale: tons of gold (literally).
This loose fiscal policy is like an international game of musical chairs. No country wants to be the last one standing (without gold reserves) when the music stops. Neither do you! While prices for silver and gold are being held at artificially low rates by governments and Wall Street institutions it is a buyer's market, an unprecedented opportunity to transfer your own money into these commodities that have universal intrinsic value. When the music stops, as it must ultimately do, you do not want to be the last one standing with no "real money." The world is on the brink of seeing the most massive transfer of wealth in recorded history as this Ponzi scheme dies a natural death. Bernie Madoff's financial shell game will look like a spring picnic compared to what has been happening in the global financial arena.
The inevitability of a collapse has been known by governments and Wall Street since 1971, but not generally known or understood by the average citizen. As a former reviewer has pointed out, this is simply history repeating itself. Many nations have already experienced the natural consequences of their own loose fiscal policies. They were, so to speak, the last ones standing when the music stopped. Yugoslavia and Zimbabwe are classic textbook examples. Zimbabwe had paper money denominations of $100 trillion dollars before their final collapse. In case you think that is a typo, let me repeat . . . $100 trillion with a T.
The hour it will take to watch this documentary film could well be the best hour you spend this year. If you did not already know your history, this film will take you on a short course of where we are and how we got here, and will provide you with the necessary insight on what you should do to protect yourself and your loved ones from the coming international currency collapse. Will it happen tomorrow, next week, next month or next year? No one knows for sure, but they certainly do know that it WILL happen. Think of the "wizard" behind the curtain in the classic movie The Wizard of Oz. Once there is widespread understanding that the wizard is a phony, the system collapses very quickly, and no one knows for sure how much time remains. The politicians and Wall Street bankers will manipulate, manipulate, manipulate for as long as is humanly possible to forestall this collapse, but when it happens it will happen very fast. Do not be the last one without a chair when that happens. Reducing or eliminating personal debt, accumulating items with intrinsic value, saving, and getting your personal house of cards in order should be job one NOW! Those who do not prepare for this natural consequence of irresponsible government and personal fiscal policies will see their net worth disappear in the blink of an eye. Don't let it be you.