Get Out of the U.S. Dollar

I have been asked by readers how to prepare physically for the coming Second Signpost which is the invasion by Iran of the Middle East. I don’t usually care to write posts about what people need to do to prepare, because everyone is different and the Lord has a plan for each one of us if we are willing to listen to Him. My general answer is this: seek the Lord’s counsel. There are a myriad of ways to prepare, and the Lord has a plan for each and every one of us. In addition, when Iran gets hold of that quarter of the world’s oil production, it could play out in a number of ways. And gas shortages can play out in a number of ways in each country and region.

But I decided to make this post to at least give some information on a basic problem that will occur when the Second Signpost strikes. There is one thing we can do that seems straightforward to me. Iran will do one thing that I believe is a sure bet – they will end the U.S. Petrodollar. I explain why the ending of the petrodollar spells the end of U.S. economic and military hegemony, as well as a higher standard of living for Americans here.

So what does that translate into for us as individuals? It is to “get out of the U.S. dollar.” What do I mean by this? Get a percentage of your excess wealth (some or all) – savings, CD’s, U.S. treasuries or bonds, stocks bought on American stock exchanges – converted into something not denominated in U.S. dollars. When you sell these items, they will always be sold in U.S. dollars. Even if the U.S. dollar slides into oblivion and loses most of its value, they will be sold in U.S. dollars. Though the U.S. dollar has lost 98-99% of its value since 1913, the continuing slide will accelerate greatly after the removal of the U.S. Petrodollar. It also does not matter whether you are an American or citizen of another nation, get out of the U.S. dollar.

Examples of commodities not denominated in dollars and that can be sold in other commodities or currencies once the U.S. dollar has lost most of its value are things like land, houses, farms, hobby farms, precious metals, and foreign stocks (and should only be stocks of foreign nations that have a strong currency and should do well once the Signposts commence). I have prepared like this myself, so I do not tell others what I am unwilling to do myself. And in the event that the U.S. petrodollar does not go down immediately or even if the Second Signpost does not even occur, it is just a prudent thing to do witnessing the state of the U.S. economy and all the signs around us of the decay of a once mighty “empire.”

I have links on this site to sources of information to do just these things. One is Jim Sinclair’s site where, among other things, he talks about GOTS (Get Out of The System). Another is Peter Schiff’s book Crash Proof 2.0. These are secular authors but they see the times and the data in front of them and are reaching the same conclusions regarding the need to prepare, as if they knew of the Second Signpost.

Just as the dollar lost 98% to 99% of its value during the years from 1913 to the present, the same thing will happen again, but at a much greater pace. You can have a $100,000 bank account or the same amount stuffed into your mattress in paper money, but it won’t do you much good if it ends up buying groceries for only a month. You will still have those 100,000 U.S. dollars, but they will buy much less. These times will be especially hard on retirees and those with a fixed income.

Do your own due diligence. And most of all seek the Lord’s counsel. Seek His counsel on what percent of your wealth should be transferred out of the dollar. Seek His counsel on where to place it. But the one thing you shouldn’t do is think none of this will happen and do nothing. Once the U.S. Petrodollar ends the dollar will slide quickly. How quickly? It could be days, weeks or months, but will be at a much faster pace than the slide that occurred over the last century. But once the slide begins in earnest and everyone sees it, the things you could have bought easily will already be much higher in price because there will be many people running for the exits.

A prudent man sees danger and takes refuge, but the simple keep going and suffer for it. Proverbs 22:3

Categories: Signpost #2: Iran

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