How to Prepare for the Collapse of the Dollar

Dollar Collapse

The US Dollar is in a very fragile state as the economy continues to crumble. To combat each financial issue the Fed is printing US dollars at a massive rate. Each stimulus plan is funded by new dollars the Fed is adding to the money supply. As a result, value of the dollar will soon begin to drop and could eventually collapse. Now is the time to get educated about how to protect yourself, friends, and family from this likely catastrophe.

Step 1

Learn about fiat currency... the US dollar is a fiat currency and this allows the Fed to print an unlimited amount. By definition the US Dollar is worthless. Investopia defines fiat currency as "currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on faith." EVERY FIAT CURRENCY IN THE HISTORY OF THE WORLD HAS FAILED! (Book suggestion - Crash Proof: How to Profit From the Coming Economic Collapse)

Step 2

Learn about gold... unlike the dollar, gold has intrinsic value. As the Fed prints US dollars, the cost to purchase gold in dollars will continue to increase. Two years ago the cost of gold was approx $600 an ounce; however, today the cost of gold is approx $900 an ounce. (Book Suggestion - Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future)

Step 3

Learn about silver... similar to gold, silver also has intrinsic value. However, the price of silver tends to be much more volatile. This volatility can offer a better profit potential, but also comes with more risk. (Book Suggestion - Rich Dad's Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future)

Step 4

Learn about investing in foreign currencies and markets... investing in foreign markets not only allows you access to stronger markets, but you can also find greater security holding your wealth in foreign currencies. As a jump start, learn about Chinese Stocks that have a history of paying consistent dividends on the Shanghai Stock Exchange. Then if the dollar drops, you'll also benefit from a favorable currency exchange. (Book suggestion - Crash Proof: How to Profit From the Coming Economic Collapse)

Step 5

Learn how to barter... if the dollar collapses before you've had time to prepare, then you should just focus on learning to barter. We could find ourselves in a country where we need to trade goods or services for necessities, because our money has become worthless. (This is also a good idea for a future ehow article)

Tip

Now is the time to get financially educated I highly recommend that you read the books listed in this article Visit my blog for additional articles & videos on this subject

Things You'll Need

  • Concern

  • Determination

  • Time to Research

Warning

Take the time to become educated about investments before committing any money Do not waste any time... you must act now!

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