What Will You Use as Money If the Dollar Dies?

Contact Your Elected Officials
The Epoch Times Header

The U.S. dollar could someday go the way of all paper-currencies past and be consumed in a hyperinflationary fire. It seems unlikely but it is possible. In some ways, given the reckless policies of the past three years, we should be perhaps surprised that it hasnโ€™t happened yet.

If the dollar loses its status as the international reserve currencyโ€”again, not likely anytime soonโ€”that could provoke a massive repatriation of U.S. dollars which puts the end times in motion.

For many decades now, the United States has benefitted from the export of its dangerous policies but in a globe no longer dominated by the dollar, the costs would be quickly and painfully felt at home.

But these two scenarios are not the only beckoning threats. What if under intensified digital surveillance and a Central Bank Digital Currency (CBDC), your ability to spend your own moneyโ€”whether to get food, pay the rent, or flee the countryโ€”comes to be severely circumscribed? What will you do then?

This is worth thinking about right now. The critical question is: are there alternatives available out there that can perform a monetary function domestically that are untied from the dollar itself?

The most obvious example is precious metals, gold and silver in particular. The other day, a nice person gave me a roll of old silver dimes. They are so wonderful, a great reminder of a time when money was independent of state control. The dime in those days was worth its value due not to the government stamp but to its actual value in specie. Today we cannot even imagine such a thing.

Gradually over many decades, the foundation of the dollar was removed, leaving nothing but paper and a memory of what it once did. Many people at the time predicted complete collapse but they underestimated the power of the price system and an entrenched habit. Once a money gets going, it benefits from the network effect and retains its purchasing power. The dollar has been a powerful currency even without specie backing.

Byย Jeffrey A. Tucker

Read Full Article on TheEpochTimes.com

The Epoch Times
The Epoch Timeshttps://www.theepochtimes.com/
Tired of biased news? The Epoch Times is truthful, factual news that other media outlets don't report. No spin. No agenda. Just honest journalism like it used to be.

Peace In Ukraine Wonโ€™t End The Westโ€™s Hybrid War On Russia

The Westโ€™s Hybrid War on Russia to follow peace in Ukraine is inevitable due to neoconservatives and liberal-globalists in its decision-making ecosystem.

Was Texas Storm Manmade?

Another โ€œ1-in-100 yearsโ€ weather event in Kerr County happened next to a Texas designated โ€œWeather Modification Map of Rain-Enhancement Projects in Texasโ€.

The America Party Will Harm Democrats The Most

Elon Musk formed the America Party after an X poll asking his followers if they wanted โ€œindependence from the two-party system!

Democrats Exhibit the Dunning-Kruger Effect (DKE)

โ€œThe Dunning-Kruger effect is a cognitive bias where people with low ability at a task overestimate their competence, while those with high ability underestimate their competence.

250 Countdown

Those 56 intrepid men who signed put their very lives, honor and fortunes on the line. There was no auto-quill to accommodate their signatures.ย 

Existing US Energy Generation Retirements Increase Blackout Risk by 100 Times in 2030: DOE

Planned retirement of more than 100 gigawatts of power generation capacity by end of the decade could increase risk of blackouts in the US by 100 times.

Los Angeles Mayor Confronts Federal Immigration Officers at MacArthur Park

After decrying federal immigration enforcement operations in Los Angeles, Mayor Karen Bass confronted ICE officers as they gathered at a city park.

Trial Begins Over Trump Adminโ€™s Deportations of Pro-Palestinian Students

A trial over President Trumpโ€™s attempts to deport pro-Palestinian activists began on July 7 with attorneys debating free speech.

Man Killed After Opening Fire at Border Patrol Facility in Texas

27-year-old man armed with a rifle was killed after opening fire outside Border Patrol facility in McAllen, TX, prompting shootout with feds and local police.

Trump Extends Federal Hiring Freeze Until October

Trump issued memo extending federal hiring freeze until Oct. 15, maintaining exemptions for positions related to the armed forces and public safety.

US to Send More Defensive Weapons to Ukraine

The Pentagon is sending more defensive weapons to Ukraine amid the Eastern European countryโ€™s ongoing war with Russia.

Trump to Extend Tariff Deadline to Aug. 1, Keep Rates at 10 Percent During Talks

White House press secretary Karoline Leavitt told reporters that Trump will sign the order to move the deadline to Aug. 1 from its current date of July 9.

DOJ, FBI Find Epstein Committed Suicide, Had No โ€˜Client Listโ€™

Jeffrey Epstein committed suicide and had no โ€œclient list,โ€ according to the Department of Justice (DOJ) and the FBI.
spot_img

Related Articles