There are alternatives SSKILLZ1, hard assets are the alternative, commodities are the alternative, things of "true value" will always remain an alternative to a destablizing economy and fiat currency.
If the value of the more accurately denoted BANKRUPT U.S. dollar continues to fall, one major way to protect yourself from confiscation through inflation is HARD ASSETS or "commodities."
As the value of the world's reserve currency continues to go down the toilet, more & more folks will understand & realize that hard assets & commodities have and will always retain their true value going forward whereas all paper currencies past & present fall & fall hard, this would be especially true with every major empire of the past, and of course in modern times, many refer to the United States as the empire or the world's "richest" nation. This is far from true.
The question becomes when do the foreign banks stop supporting the United States' devastating policies? When do countries' begin to "nationalize" the extraction of "hard assets" from their country?
This type of stuff is already happening. $GOLD was in a major bear market for over 20 years, and just in the past 5 years has finally began to respond. It's entered a bull market, and when we begin to look around at our neighbors & friends in the United States, many still do not believe in $GOLD as a "safe-haven" or even an "investment" at this point. The bull market in physical assets & commodities is still very young and has easily outperformed bonds & the stock market since 2000 and I reckon it will continue to do so under the current conditions.
As far as the U.S. dollar, it amazes me how it stays afloat. I think somehow, China is benefiting GREATLY from their peg to the bankrupt U.S. dollar, they are a power now. In fact, I believe their economy & structure is now much much stronger than the United States. Slowly the dollar is becoming debased from being the world's reserve currency. I believe one of the major & only big things that holds up the U.S. dollar is the fact that global oil trade is priced in U.S. dollars... and now we see what happens when a country or entity challenges this, a la Iran. The Iranian bourse starts March 20 barring any bombs dropped on the exchange by then, the Iranian bourse will price oil in EURO's... We witnessed what happened to the value of the dollar when Saddam Hussein traded oil with Euro's, than the invasion came, and it was shortly thereafter once "they" the central bankers got their own dinar established that the USD Index found support.
With Iran doing much the same, I suppose we can safely assume that it's effects on the USD Index will be much the same and perhaps the next leg down on the USD Index shall commence.
Will it lead our country into default? Honestly, the chances will be greater than ever over the coming years.
What else is the U.S. dollar good for if oil is no longer globally accepted via U.S. dollars?
Will Asian countries continue to buy more & more debt so that the United States officials can build more & more weapons of mass destruction? Will the Asian countries buy weapons for the United States?
I doubt it.
I think you are right to be a bear, but I believe their are alternatives. Get out of paper and into something physical that has maintained its' value since the dawn of mankind. Spread your seeds wisely and maybe they will grow. I think everyone should have at least a quarter of their savings in the physical metals, and if that's too much, than start with 10%.
You never know what the future brings, but at least the physical metals will always hold some type of value.
As far as the stock market being supported, the only way this happens is if they continue to print up more & more debt. I think eventually the ponzi scheme ends and it could end harshly with so many folks in the United States retiring in the coming hours, day, weeks, and months ahead. It's going to get downright nasty. As China grows it's budget surplus to more & more record heights, our U.S. dollar goes further and further into a never-ending hole. Shoot by the time this whole story unfolds, our debt-pile may damn dig its own hole right to China!
It's going to get rough, I just hope even I'm ready for what might be ahead. I think a recession is now inevitable, the question becomes how do we avoid a full-blown "depression"?
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