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Economy
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Title: How Will America Trade With WORTHLESS DOLLARS & NO GOLD? — Bill Holter
Source: jsmineset.com
URL Source: http://www.jsmineset.com/2016/05/23 ... s-dollars-no-gold-bill-holter/
Published: May 25, 2016
Author: Bill Holter
Post Date: 2016-05-25 08:25:19 by Stoner
Keywords: None
Views: 201
Comments: 3

Bill Holter from JS Mineset is back to help us document the collapse for the fourth week of May, 2016. And as physical gold and silver moves East and intothe strong hands of more than a billion Chinese, and as foreign banks publicly settle global trade in the Yuan, Bill reminds us that “Every step forward by China, is one or two steps backward for the US and the Dollar, that’s what’s happening. For instance, if the Yuan is backed by gold, then why would someone accept the Dollar in lieu of the Yuan if the Dollar’s not backed by anything.” The build out of the infrastructure for the world to move completely away from the Dollar is almost complete. You have been warned.


Interesting. View the video at source link

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#1. To: Stoner (#0)

How Will America Trade With WORTHLESS DOLLARS & NO GOLD? — Bill Holter

If Bill Holter believes what he has written, I assume that he is no longer selling any of this physical gold or silver in exchange for the dollars that he says will soon be worthless.

Vicomte13  posted on  2016-05-25   9:37:26 ET  Reply   Trace   Private Reply  


#2. To: Vicomte13 (#1)

I do not know what he is or is not doing.

But, if the dollar becomes worthless, and it looks to be heading that way, and the nation has sold off all of its gold, he does pose an interesting question " How Will America Trade With WORTHLESS DOLLARS & NO GOLD? ".

I certainly do not have the answer.

Si vis pacem, para bellum

Those who beat their swords into plowshares will plow for those who don't

Rebellion to tyrants is obedience to God.

There are no Carthaginian terrorists.

President Obama is the greatest hoax ever perpetrated on the American people. --Clint Eastwood

"I am concerned for the security of our great nation; not so much because of any threat from without, but because of the insidious forces working from within." -- General Douglas MacArthur

Stoner  posted on  2016-05-25   17:37:46 ET  Reply   Trace   Private Reply  


#3. To: Stoner (#2)

But, if the dollar becomes worthless, and it looks to be heading that way, and the nation has sold off all of its gold, he does pose an interesting question " How Will America Trade With WORTHLESS DOLLARS & NO GOLD? ".

I certainly do not have the answer.

I do: America will not trade with gold. America will not trade much at all, initially. What America will do is use the dollar internally and develop its resources. The economy will tumble and there will be depression, and either foreign money will come in to buy things because it's cheap her, or the foreigners will be kept out and the economy will eventually grow again based on the massive internal production and consumption of 320 million people.

Thirty years ago the Chinese didn't import much, and the Indians still didn't import much. They were (and in many ways still are) largely poor countries where labor is cheap, and therefore export powerhouses.

America doesn't have the populations of either of those places, but we are the third most populous nation in the world, with the greatest amount of arable land a huge land area, and better weather than the other top three or four nations.

If our currency collapsed and the world no longer wanted it, we still have all of the native ingredients to simply rebuild from the beginning all over again.

The short answer is that we would suffer, for a time, and then gradually redevelop our way out of the crisis.

Vicomte13  posted on  2016-05-25   17:53:08 ET  Reply   Trace   Private Reply  


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