Beans & LegumesThe Ultimate Currency
There has been a lot in the news these days about the decline of the U.S. Dollar. Countries such as Russia and China have been pushing for a new world currency or a basket of currencies to replace the dollar as the worlds reserve currency.
Just this morning Brendan Murray of Bloomberg posted an article about this very problem. I’ll quote a little from that article:
“President Barack Obama’s effort to lead the world economic recovery by spending the U.S. out of its recession is undermining the dollar, triggering record commodities rallies as investors scour the globe for hard assets.
As threats of a financial meltdown fade, the currency is falling victim to an unprecedented budget deficit, near-zero interest rates and slow growth.
The dollar is down 10 percent against six trading partners’ legal tender in Treasury Secretary Timothy Geithner’s first eight-and-a-half months, the sharpest drop for a new occupant of that office since the Reagan administration’s James Baker persuaded world leaders to boost the deutsche mark and yen by debasing the dollar in 1985.”
You can read the whole article here if you would like. So what does this mean to you? Simply put, your money isn’t worth as much as it used to be.
It can be so frustrating to know that you can work very hard, save up some money, then wake up the next morning and find out you can’t buy that much with it. In short, you are being robbed.
Many people are hedging the risk of inflation by buying gold, and that may be a good decision. But in the end, even gold requires that you exchange it for the things you really need, and you can’t eat it.
Yes my friends the ultimate way to protect your family against economic turmoil is with Food Storage. If you store food and water you are storing security for your family.
Freeze Dried Food can store for longer than 30 years. So when you are making your plans for financial security, please remember that Food Storage is the ultimate currency.
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October 20th, 2009 at 1:26 amThis is a topic I follow closely. Our dollar has been under serious and continous attack for several years. the USDX ( dollar index which measures the dollars value against several major currencies ) was at $120.13 on 6/28/01. Today it is at $75.38, which means the purchasing power of the dollar has declined about 37% since 2001. If the dollar should actually loose it’s status as the Reserve Currency of the world; the dollar would turn into the new peso. There are many staggering implications if this should happen, but the most notable one would be that a loaf of bread might cost $20 or more. Prepare yourselves, bad times are surely coming if our government keeps up it’s current pace of spending and not supporting a strong dollar. Really, really bad times.. buy stuff that lasts NOW while the dollar has some value.. freeze dried food is an excellent choice.. but don’t tell anyone that you have it.
October 20th, 2009 at 11:24 am