End of America
If you thought the economy was starting to improve, think again. Things are actually going to take a turn for the worse — much worse.
Forecasting the end of America’s global economic dominance, ultimately resulting in rioting and protests across the country.
So how long do Americans have before the world dumps the dollar?
Well, according to Stansberry, we’re already in the thick of it. “If you go anywhere around the world, most wealthy people have already abandoned the dollar,” he says. “If you look at the commodity complex you can see very clearly that many people around the world have [already] abandoned the dollar as the reserve currency.”
If something is not done to remedy this country’s tremendous debt load and stop the flood of dollars into the market, the rest of the world will eventually drop the dollar completely for hard assets – such food, he says.
Stansberry points out that millions of Americans are already living off of food stamps. Should the price of food rise so dramatically, millions more will go hungry.
Without affordable food, jobs or retirement funds, he predicts Americans will take to the streets in protest, similar to what’s occurred in Egypt, Greece and other nations.
Stansberry is predicting the end of America’s global economic dominance, ultimately resulting in rioting and protests across the country.
Traders are warning of a dramatic change in dollar selling. They fear central banks from the Middle East may force their Asian rivals to more aggressively drive the dollar down.
Former Top US Economic Adviser: A Weaker Dollar is Good for America
More controversially, Romer lauds QE for helping to weaken the dollar. A weaker dollar makes U.S. goods more competitive overseas, boosting exports and GDP growth, and ultimately hiring.