{"id":49136,"date":"2014-03-28T20:14:54","date_gmt":"2014-03-29T00:14:54","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=49136"},"modified":"2014-03-28T20:14:54","modified_gmt":"2014-03-29T00:14:54","slug":"a-peek-at-the-us-dollar-on-the-verge-of-world-war-d","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/03\/28\/a-peek-at-the-us-dollar-on-the-verge-of-world-war-d\/","title":{"rendered":"A Peek at the US Dollar on the Verge of World War D"},"content":{"rendered":"

By MoneyMorning.com.au<\/u><\/a><\/p>\n

The talk around the coffee machine in the Money Morning<\/em> office has been focused almost solely on one thing: The World War D conference<\/strong><\/a> starting this Monday.<\/p>\n

I’m excited. In fact, I think we all are.<\/p>\n

You see, while we take the time each day to share our thoughts, ideas and projections with you by email, we very rarely get to do that in person. And I know our editors have some very special and perhaps even radical ideas up their sleeve for this conference.<\/p>\n

If you can’t make it, don’t worry. We’ve got you covered. You can place a pre-order for the DVD of the event here<\/a> at a 25% discount. Also, throughout the week we are going to share some of the ideas presented during the two day talk fest. <\/p>\n

In addition, of course, we’ll take advantage of social media. If you haven’t already added our Twitter handle @MoneyMorningAU<\/a><\/strong>, make sure you do.<\/p>\n

So, what can you expect?<\/p>\n

The thing is, I’m just not sure…\n<\/p>\n

Most of the editors have kept their presentations under wraps, with only the compliance guy getting a look in. I was helping Nick Hubble, editor of The Money for Life Letter <\/em>run some statistical data for what our future population might look like. The end result? Two charts which move in opposite directions!<\/p>\n

Considering The Money for Life Letter<\/em> is an alternative newsletter for your twilight years, the results could be terrifying.<\/p>\n

Aside from our own editors, we have some incredible speakers presenting. Two of the presenters, Dr Marc Faber<\/a> and Satyajit Das<\/a>, are widely known for their out-of-the-box thinking. These two are the statistical outliers. The voices you don’t get to hear in the mainstream press.<\/p>\n

And if they do get a guernsey on prime time, it’s rarely taken seriously. Often you’ll find it’s only when something they’ve predicted actually happens, that someone in the mainstream will dig out a quote from them – generally from years ago. The TV presenters will reluctantly agree that yes, event A or event B was predictable.<\/p>\n

However, World War D isn’t our gloomy report about the global economy.<\/a> It’s about a transition to a new economy and how to prepare for it.<\/p>\n

\n

‘It’s as sound as a dollar<\/em>‘<\/strong><\/h2>\n<\/p>\n

That’s a line from the movie Cat on a Hot Tin Roof<\/em>. And while the almighty American dollar<\/a> might have been sound then, it ain’t now.<\/p>\n

In 1958, even though gold prices<\/a> were only USD$35 per ounce, every dollar in the United States was backed 10% by gold. Today, there is nothing backing the dollar except the word of the US government. But that’s OK because we’re not on a gold standard anymore, right?<\/p>\n

When the US dollar was still on a gold standard in 1958, the M2 money supply was US$285 billion. Now, it’s US$11,112 billion. In the same period, the gold reserves for America have dropped from 18,291 tonnes to 8,137 tonnes.<\/p>\n

Look at this way. The total money supply of America is now 38 times higher, while the amount of gold<\/a> held has shrunk to less than half.<\/p>\n

Why do I bring this up? Because the US dollar’s<\/a> not sound.  The growth in credit and money supply, and shrinking gold stockpiles isn’t conclusive proof of this. But it does help explain just how out of balance things are.<\/p>\n

The mammoth credit and fiat currency experiment is nearing an end. Moreover, there must be something else to take its place.<\/p>\n

But what?<\/p>\n

This is what the presenters will discuss at the World War D<\/em> conference on Monday. Next week, I should be able to shed some light on how our presenters think our currency system will change. And what digital money will mean for you.<\/p>\n

In the meantime, have a great weekend. I hope to see you at the conference.<\/p>\n

One last thing. The same year US gold reserves started to fall and credit started a slow expansion, the very first microchip was developed. Coincidence, maybe?<\/p>\n

Shae Smith+<\/a>
\nEditor, Money Weekend<\/em><\/strong><\/p>\n

Ed Note<\/strong>: World War D<\/strong> starts on Monday! Marc Faber, Jim Rickards, John Robb, Satyajit Das, Byron King and Richard Duncan – six of the brightest minds in global finance – are about to descend on Melbourne. If you can’t make it don’t worry. We’ll be live tweeting<\/strong> the event throughout the two days. To get a blow-by-blow breakdown of everything happening at World War D follow us on Twitter now @MoneyMorningAU<\/a> and to see the event from Technology Analyst Sam Volkering’s point of view, follow him at @techinsider_sv<\/a>.<\/p>\n

Join Money Morning on Google+ <\/u><\/a><\/strong><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n


\nBy MoneyMorning.com.au<\/u><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By MoneyMorning.com.au The talk around the coffee machine in the Money Morning office has been focused almost solely on one thing: The World War D conference starting this Monday. I’m excited. In fact, I think we all are. You see, while we take the time each day to share our thoughts, ideas and projections with … <\/p>\n

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