We've brought you the theories of James Dale Davison before, but there's a new urgency in considering what he has to say these days, because he is warning that June 21 will bring a "civilization-altering development" that will dramatically affect the financial stability of the globe - and of your household.
Around then, Davidson, figures, the effects of the precipitous decline of the U.S. dollar as the globe's preferred currency - especially as the basis of "petrodollars" - will be in full sway. And that means you should be seriously considering moving or fortifying your investments in forms of currency that will be strengthened by such a tectonic shift: gold and silver.
Of course, my investment firm has actually been advising our clients for many years on the importance of transforming their paper money into God's money--gold and silver--for a number of reasons.
And it's not as if Davidson, a legendary geopolitical expert is the only one issuing such terrible warnings.
A story on CNBC Today asks "is the dollar dying" and discusses "concerns that the greenback is about to see its long run as the world's premier denomination come to an end." And partly as a reflection of worldwide shakiness in the markets despite media discussion of "recovery" in the U.S. and Japan, the Tokyo stock exchange has been plunging into a correction, with shares now off more than 10 percent from their recent peak.
But let's get back to talking about Davidson. He thinks that, as damaged as the dollar is right now and the dire American economy, things are about to get much worse because of two factors: the unfortunate state of America's fiscal situation, and the decisive step by oil-exporting countries far away from their 40-year position of basing the entire petroleum economic climate on using the dollar.
The game-changing event began when the Tehran Times published a short article about a year ago which said that Iran would certainly start moving away from relying on the petrodollar. As this idea spreads all over the world, it is sapping away the power of the The United State every single day, and this power is moving to other currencies and various other expanding economies, such as China.
What are regular investors going to do when faced with this change in a historical pattern? Davidson recommends a few possibilities. One of them includes a fait-money play called the Powershares DB United States Dollar Index Bearish Fund, which is based on an exchange-traded fund. Yet his other suggestion is the one that we agree with: invest in gold.
Around then, Davidson, figures, the effects of the precipitous decline of the U.S. dollar as the globe's preferred currency - especially as the basis of "petrodollars" - will be in full sway. And that means you should be seriously considering moving or fortifying your investments in forms of currency that will be strengthened by such a tectonic shift: gold and silver.
Of course, my investment firm has actually been advising our clients for many years on the importance of transforming their paper money into God's money--gold and silver--for a number of reasons.
And it's not as if Davidson, a legendary geopolitical expert is the only one issuing such terrible warnings.
A story on CNBC Today asks "is the dollar dying" and discusses "concerns that the greenback is about to see its long run as the world's premier denomination come to an end." And partly as a reflection of worldwide shakiness in the markets despite media discussion of "recovery" in the U.S. and Japan, the Tokyo stock exchange has been plunging into a correction, with shares now off more than 10 percent from their recent peak.
But let's get back to talking about Davidson. He thinks that, as damaged as the dollar is right now and the dire American economy, things are about to get much worse because of two factors: the unfortunate state of America's fiscal situation, and the decisive step by oil-exporting countries far away from their 40-year position of basing the entire petroleum economic climate on using the dollar.
The game-changing event began when the Tehran Times published a short article about a year ago which said that Iran would certainly start moving away from relying on the petrodollar. As this idea spreads all over the world, it is sapping away the power of the The United State every single day, and this power is moving to other currencies and various other expanding economies, such as China.
What are regular investors going to do when faced with this change in a historical pattern? Davidson recommends a few possibilities. One of them includes a fait-money play called the Powershares DB United States Dollar Index Bearish Fund, which is based on an exchange-traded fund. Yet his other suggestion is the one that we agree with: invest in gold.
About the Author:
Visit Anne Trimble's site to find the best advice on surviving crisis by reading her autobiography Faith Through The Flames.
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