GOLD AND SILVER is an ABSOLUTE MUST for the Coming GLOBAL Depression and COLLAPSE OF THE US DOLLAR

The U.S. dollar is being devalued at an alarming rate. Faster than what took place in Argentina, Mexico, and Russia put together. The only difference is that our government has better ways to hide it.
Just think about the recent bailouts, how much has our government thrown down the endless “bail out hole”…

Let’s add it up!


$ 800 billion to support mortgage consumer debt.
$100 billion for Fannie Mae
$100 billion for Freddie Mac
$150 billion for Stimulus package (from January)
$8 billion for Indymac
$29 billion for Bear Stearns
$ 700 billion for Wall Street ( Bank of America; Merill Lynch, City Group, JP Morgan, Washington Mutual, Wells Fargo; Wachovia, Morgan Stanley, Goldman Sachs…)
$143.8 Billion for AIG ( which keeps growing)
$25 Billion for the big three in Detroit.
$138 billion for Lehman Brothers (post bankruptcy) through JP Morgan.
$ 50 Billion for money market funds.
$ 620 billion for general currency swaps from the feds.
Totaling : $2,863,800,000,000

This doesn’t include the hundreds of billions the feds have and will continue to buy in commercial paper. Plus, what they lend out to other financial firms.
Not to mention, the feds recent supply of new credit lines to Brazil, Mexico, South Korea, and Singapore to “help those countries deal with the global credit crisis.” The feds will start at $30 billion and have promised up to $100 billion dollars per country.

Can someone say hyper-inflation!

If you can’t see where the U.S. dollar and gold are headed, I’ll be crystal clear! The dollar is going in the exact same direction as the Zimbabwe dollar and Mexican peso. Between the last devaluations of the peso, it’s lost 99.9%. If you want to know the price of gold in old pesos; you just have to multiply gold by 100,000.

With everything that has taken place, many “main-stream” TV commentators believe or want us to believe, that the U.S. dollar is now the currency of choice; a safe haven or flight to quality.

Nothing can be further from the truth.

The fact is that the U.S. dollar is now seen as a liability, not an asset. More and more countries are walking away from it.

The reason the U.S. dollar has gone higher is due to the $598 trillion dollar derivatives market. You see, hedge funds have over leveraged themselves and have been hit with tremendous margin calls as markets move against them. They have been forced to liquidate their investments overseas, which is why overseas markets are now crashing. They’re liquidating to come up with equity to pay off margin accounts, which need to be paid off in U.S. dollars.

The dollar is NOT rising because it’s a “safe haven” or a flight to quality; but rather to satisfy U.S. margin accounts. Remember until further notice, margin accounts in most emerging world markets can also be satisfied in U.S. dollars hence, the surge in demand for the U.S. dollar over the past few weeks.

FULL ARTICLE

NOTE: he federal government committed an additional $800 billion to two new loan programs on Tuesday, bringing its cumulative commitment to financial rescue initiatives to a staggering $8.5 trillion, according to Bloomberg News.