2012  and the US Dollar Collapse

I came to the conclusion several years ago that it was just a matter of time before the world realized that the relative functionality of the U.S. dollar was about to go belly up – to collapse  – and that this time happened to coincide with that fateful date all the prophecies are going crazy about – 2012! Words: 881

So said Chris Laird (Prudentsquirrel.com) in paraphrased comments from his original article* which Lorimer Wilson, editor of munKNEE.com (Your Key to Making Money!), has further edited ([  ]), abridged (…) and reformatted below  for the sake of clarity and brevity to ensure a fast and easy read. The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Please note that this paragraph must be included in any article re-posting to avoid copyright infringement. 

Laird goes on to say, in part:

I find this coincidence remarkable because, were the USD to actually collapse, just think of the many economic and political disasters that would indeed unfold. The U.S. economy would stop dead for a period of time and the rest of the world, hitherto dependent on the old industrial/consumer economic model, would have to find a new economic paradigm to plan their economies.

A USD collapse means the entire structure of the world economy would collapse for a period of time, with a collapsed supply chain, among other things. The world would also go through cataclysms politically during that period. That usually leads to massive wars, starvation and mass homelessness around the world. Interesting. That’s the same stuff being prophesied in many of the numerous 2012 prophecies of various major religions! That is quite the coincidence. The demise of the USD will collapse the entire world economy and lead to collapsed policies, and then a massive world war. Yep, it fits like a glove.

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Of course, some people cringe at an analyst such as myself talking about ‘religious bunkum prophecies’ but consider that I am a mathematician and also a former Oracle database systems engineer. I’m not exactly some dreamer. I certainly know the analytical methods. So, why am I saying this stuff then? How can I combine prophecies with analytical methods? Well, for one thing, I have a thinking paradigm where ‘if it works, it must be true, don’t leave out weird things in analysis, insisting only on some calculation based prediction’. That’s what chartists do. I don’t. Everything must be analytical to lots of people, and that is totally wrong often! The trouble with being analytical all the time is that there are times, and this is proven, where chaos enters the picture and everything changes. Chaos, by definition, is not predictable…

What Would Happen in a USD Collapse?

• The U.S. and Western economies would all face insolvency simultaneously, with the U.S. first in line.
• The entire Western industrial/consumer/credit economy would fall apart so fast it would make your head spin. The supply chain would stop and stores would empty quickly.
• The USD would fall over 50% in one week’s time and then temporarily stabilize before its final last gasp…
• Worldwide currency panic would set in paralyzing what’s left of the world economy which means the ‘emerging markets’ would stop dead too.
• China would have a revolution, or go into military mode, which would be even worse.
• A one-world currency would be demanded and implemented.
• Asia would fare fare horribly…If Western consumerism goes away, then the entire foundation of the Asia macro economy would instantly crash and stop cold. Do you remember what happened that fateful last quarter of 2008, after the Lehman debacle, and the world banking system almost collapsed en masse? Exports from China and Japan for example collapsed over 30%! Don’t think economic demand cannot stop on a dime, because we already had one very scary case of this in 2008. So, all the pundits aside, Asia would get killed too economically. The big question is, could they successfully adapt to a new economic paradigm before they had their own revolutions? I do not think so.

It would be a dark time worldwide.

*http://www.thecomingdepression.net/survival-tips/new-world-order-by-2012/

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Editor’s Note:
- The above article consists of reformatted edited excerpts from the original for the sake of brevity, clarity and to ensure a fast and easy read. The author’s views and conclusions are unaltered.
- Permission to reprint in whole or in part is gladly granted, provided full credit is given.