It’s going to be the U.S. government that people are worried about and the solvency of the U.S. government and the Treasury bonds. If it’s a dollar crisis and people are worried about the dollar, the only thing worse than owning a dollar today is owning the promise of being paid in dollars in the future.
This is a bill that every American would agree with. The bill suspends sovereign immunity (i.e. you cannot serve a foreign sovereign government) if a terrorist attack occurs on American soil where American citizens are killed. Most Americans would say, “Well certainly they shouldn’t have immunity if they are sponsoring attacks where American citizens are killed.” This presents a huge problems for the Obama Administration who is trying to suppress this bill.
See also 28pages.org
What does Obama know is coming?
John Williams (ShadowStats.com) is a very respected economist who reports on government statistics using their former accounting methods—before they were corrupted. Although now the dollar is strong, he believes hyperinflation will begin this year after the dollar falls but the system can break at any time without warning.
At the end of the interview he says to hold gold and silver through the duration of the next crisis. Watch his interview:
From Lew Rockwell’s Blog:
Recorded in October, Patrick and Jeff discuss how the dollar became the world’s reserve currency after Bretton Woods, the dollar’s evolution as a weapon of mass US imperialism, and how its inevitable decline will have horrific consequences for those nations—and individuals—not prepared for it.
No doubt he west has launched economic warfare against Russia.