Editor’s Note: As always, I appreciate Daisy Luther‘s take on these important subjects. She is one of the best resources on the internet for all-things-prepper. I’ve allowed her link to her gold sponsor to remain in the article, but know that they are not one of OUR gold sponsors. We vetted out nearly 30 gold companies and found the ones we consider to be America First. It’s noteworthy that we did not look into the one mentioned by Daisy below, so the good news is they haven’t been eliminate from our consideration! We simply haven’t gotten around to them. With that said, here’s Daisy…
The circus surrounding the arrest of former President Donald Trump may have been a perfectly timed distraction. Not only are our banks still in a state of collapse despite a brief government-funded reprieve. Not only is the advent CBDCs looming over us.
The world is rapidly dumping the dollar, and that’s a next-level economic disaster.
This article contains several videos with in-depth information about what you need to know.
What countries are dumping the dollar?
A lengthy list of countries are moving away from using the US dollar, which has long been the reserve currency of the world. The following countries are in the process of reducing their dependency on the dollar.
- Russia
- China
- Iran
- Brazil
- Argentina
- Saudi Arabia
- UAE
- India
Sources: TRT World and Tehran Times
This video has a detailed explanation of what’s going on.
The dollar crisis is rapidly unfolding.
Tim Poole suggested that the arrest of Trump was a distraction for the looming dollar collapse:
Robert Kiyosaki of Rich Dad fame is convinced that it’s over for the dollar and that people need to rapidly take steps to protect the money they currently have in banks. He assures us that the banking crisis is just beginning. This is a longer video but there’s a ton of valuable insight within.
How to protect yourself
I’ve written before about how to protect yourself in this situation.
- Stock up on tangible goods like food, medicine, tools, and other supplies you know you’ll need.
- Limit the amount of money you keep in each bank account.
- Consider investing in physical gold and silver to maintain the value of the extra money you have.
If you want a free consultation about how you would switch some of your savings into gold and silver, I strongly recommend ITM Trading. This is the company that I use, and I trust and strongly recommend them. I find that they are incredibly educational and there’s no pressure whatsoever to make a purchase. Go here to learn more and set up your free strategy session – just talk to them – there’s nothing to lose and a ton of knowledge to gain.
Peter Schiff also seems convinced that people are going to quickly move to cold as the system collapses around our ears.
What happens if we lose reserve currency status?
Former Assistant Secretary for Public Affairs for the U.S. Department of the Treasury Monica Crowley says that if the dollar loses its status we would rapidly face “catastrophic” consequences and the “implosion” of our economic system.
If oil begins to be traded in units other than the petrodollar, we face an almost immediate crisis. According to Crowley, “If that were to end, that would mean the end of the U.S. dollar.”
- Preserve your retirement with physical precious metals. Receive your free gold guide from Genesis Precious Metals to learn how.
Emphasizing that the U.S. dollar having the world’s reserve currency status “has been a real privilege,” she expressed: “We’ve abused the privilege by wholly reckless monetary and fiscal policy for so many years, certainly over the last couple of years, which has really devalued the dollar.”
Crowley continued: “On top of that, now you do have this perfect storm of Biden’s weakness, his war on American domestic energy production, the Ukraine war … Because of all of these things, we’ve got America’s enemies, led by China, forming a new economic bloc.”
All of this is ramping up.
All the things mentioned in these videos have occurred over the past two weeks, while everyone was (justifiably) outraged or gleeful about the indictment of Trump. Last month we watched the banking system teetering on the brink of disaster. It’s not going to take more than a hard sneeze to send the entire thing crashing down.
What do you think?
Is the US dollar about to lose its status as the world’s reserve currency? Are we watching the end of the petrodollar? Can the banking system withstand it all? Was the arrest of Trump a distraction from a looming economic catastrophe?
Let’s discuss it in the comments.
About Daisy
Daisy Luther is a coffee-swigging, adventure-seeking, globe-trotting blogger. She is the founder and publisher of three websites. 1) The Organic Prepper, which is about current events, preparedness, self-reliance, and the pursuit of liberty; 2) The Frugalite, a website with thrifty tips and solutions to help people get a handle on their personal finances without feeling deprived; and 3) PreppersDailyNews.com, an aggregate site where you can find links to all the most important news for those who wish to be prepared. Her work is widely republished across alternative media and she has appeared in many interviews.
Daisy is the best-selling author of 5 traditionally published books, 12 self-published books, and runs a small digital publishing company with PDF guides, printables, and courses at SelfRelianceand Survival.com You can find her on Facebook, Pinterest, Gab, MeWe, Parler, Instagram, and Twitter.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
Not exactly a list of countries I’d consider to be allies of the West. This divorce is long overdue. It’ll be good for us and bad for them in the end. Or maybe good for everyone. Now we just need to stop sharing all of our technological advancements with them and there’s no real problem.
It doesn’t matter about the countries who are fleeing the dollar. You are missing the point. When the dollar is no longer used for trade it becomes worthless. At the moment that is all that is propping the $ up.
When we gave control to the Federal Reserve we became debtors to that company. The Federal Reserve is not owned by the government.
When Nixon took us off the gold standard and we went to strictly Fiat our currency became worthless. Read you bills next time you have a chance. That bill is a promissory note. It is worthless. It all hinges on people believing it has worth when in actuality there is nothing to back it up.
If you think the Great Depression can never happen again, you are in for a very rude awakening. It has started and you are about to find out what hunger is all about. Unless you have prepped like Daisy talks about.
What technology advancements are you talking about? How to print fake paper fiat? I agree this would be good for the US people because the usd reserve status has been a desaster to them but only great for the top %1 so called elites, now the peoole should smart the f*ck up buy Gold or Bitcoin which are real money.
Actually, it’s an organized plan called *Project Sandman*, which consists of between 142 and 147 countries who will be dumping the dollar very soon at either the same time or in very close proximity to each other.. When this happens, all the dollars abroad that are held by other countries for oil purchases and international trade settlements will quickly come home and severe hyperinflation will be the result. We’ll also suffer severe shortages of or a complete lack of thousands upon thousands of products we no longer make in the US. Saudi Arabia has already signed a long term pact with Russia which has quietly but officially killed the petrodollar and this is also in the process of destroying our world reserve currency status as well. This country is about to go through a hard economic collapse with some extremely tough years to come and the sad part is, most people in this country either have little or no idea at all, of what’s about to happen.
This has been an ongoing issue and has been moving this way for well over two decades. With the creation of the Asia Infrastructure Investment Bank (AIIB) and the alternatives to the SWIFT system that Russia and China both have, and with the BRICS economic bloc moving away from the dollar and growing in strength and China gaining control over major ports including both ends of the Panama Canal and other facilities and influence it has gained from it’s belt and road initiative, the days of the dollar’s reserve status are waning.
This is good information, and the sad part is most people will not even notice it.
Nevertheless, the list is certainly much longer than it was previously, even as recently as a year ago.
It is difficult to imagine a scene where the dollar is not viewed as previously, so it seems unreasonable to assume such a loss of status would be good for this Nation or its people.
My little opinion is that it is not too late yet, just barely not too late. But, if the Dems/left takes more governorships, seats in our House, if the Republicans do not take the Senate, then the probability of the dollar declining further is very high since Dems/leftists think nothing of wild spending. 2024 may be one of our most important elections. May God help us, please.
What does this mean for Social Security recipients?