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Has Anyone Seen This Crazy Video? Truth? Stansberry Research: Collapse of Our Money & Hyper Inflation
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[quote:Ohio Dude:MV8xMjg3ODMwXzIxMTE0NDYyXzRGMjMxQkYw] He says the USD will soon not be the world reserve currency. He then strikes a parallel with the British Sterling losing that status in the 1970s. Learn about Britian's 'Winter of Discontent' which was a direct result of this. The government had to devalue their currency by 14% overnight. There were huge electricity shortages which resulted in business being allowed to be open only 3 days/week. Television stations turned off at 1030 pm. Inflation went up to 27%. Everything was much more expensive. Now, all the other countries want to buy oil in something other than the USD now. 46 states have huge deficits for 2011, but no more fed money to help. China is buying less debt than they were. The US was always able to survive debt by simply printing more money, but soon no one will buy our debt. Then we will have DOOM. (This is about 10% of the long speech) Answer: Creating local currencies which are actually legal. [/quote]
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link to www.stansberryresearch.com
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