U.S. Dollars Will Be Worthless

Do you understand economics?

If you are like most people I know then the answer to that question is “a little bit”. Some people claim to understand economics very well, but those who truly do understand this field will tell you that economics degenerates often into a study of humans and their strange financial and business decisions, rather than a clear-cut study of predictable growth or shrinkage of resources. Economics is a very weird, sophisticated creature. This is because of the fact that we humans are very weird, sophisticated creatures, and our behaviors determine our economics. Jobs can increase, income can increase, but a very debt oppressed population cannot spend when it is mired in debt, and this can depress and shrink the economy. Sound confusing? The more you research economics the more you see that it boils down to opinion and speculation, and that is why there are SO many different opinions within economics.

So what is economics to the layman? In our modern world, almost all economics are supposedly based on an exchange of value. This value can be either an exchange of services, materials and commodities, or an exchange of money. Many of us inherently know that money is valuable to us as humans, but do we really know why?

Paper and printed money started as a method of representing gold and silver. People used to carry these valuable resources with them everywhere they went, and carrying a lot of metal is a heavy, cumbersome, and dangerous thing. Eventually nations consolidated their gold and silver (along with other rare metals, which are collectively known as bullion when they represent wealth) and printed out paper money to represent pieces of this store of wealth. Your dollars are supposed to represent a piece of U.S. wealth. The only problem is that it doesn’t.

How long until your dollar is obsolete?

Our Money Policy = Our Money Problem

Due to the policies of the Federal Reserve and their ideas of economic regulation and money politics, your money is only as good as the word of the Federal Reserve. The system that they implement on our money system is free from the control of Congress, and in the process of doing as they liked these men decided that the dollar should no longer be reliant on the stores of gold the United States owns. This means that there is a tremendous sum of money floating around that represents ZERO real world value, yet we and other nations continue to use it because we all assume it still means something.

How do I know this to be true? The U.S. rate of printing money FAR EXCEEDS the rate at which it acquires valuable resources such as gold and silver bullion. This is the clearest and most obvious sign that tons of our money is printed without commodities to back it up. The next sign is that our dollar used to mean a good deal of wealth (as we know from the old days when a man was well off if he earned $10 a day). Our money means less and less, because we print more and more, and do not continue to acquire wealth to back up all the money that is floating around out there.

Many people, especially financial experts all over the U.S., are taking every opportunity to get out there and snatch up all the gold and silver they can get your hands on. Just look online and find all the sites that have cropped up, as well as all the second-hand buyers who look around for people selling old gold and silver jewelry to be melted down. These people understand that it is absolutely certain that the U.S. dollar will continue to weaken (the Federal Reserve policies guarantee it) and due to this trend it is highly likely, and to some it seems inevitable, that the U.S. dollar will collapse.

When this occurs, all of your retirement, all of your savings, all of your property, and every dollar you own has the potential to mean absolutely nothing. And if it means anything at all it will be valued at a grossly smaller fraction of what it is currently “thought to be valued at”. I put that in quotes because your dollar really is currently worth only a tiny fraction of what everyone thinks it is, the problem is everyone continues to use it as if it worth more because economists tell us we can. Everyone agrees it is stronger than it really is, and because of that we continue to pretend it has high value. DON’T BE FOOLED.

If you have any doubt whatsoever that the value of money could ever be so grossly misrepresented, or if you have any doubt that people would continue to over value money out of simple fear, please educate yourself on the recent Global Financial Collapse of 2008. And you should probably know that Mr. Warren Buffet, a key U.S. investor and economics expert, agrees with my conclusion that the dollar will be worthless, although he admits it would become worthless to EVERYONE if we continue printing more money (the Federal Reserve has already declared its plans to do just that).

Treat your money like its burning... Get rid of it! Trade it for commodities as soon as possible.

What should you do?

Get rid of your dollars at the safest rate you possibly can, and invest in some wealth security such as gold, platinum, silver, or other precious metals that you can hold onto yourself and have in the case of a dollar collapse. There are all kinds of guidelines to follow because this market has become very large, and I am only recently getting into it myself. Find someone who is very experienced in this area, and please do your research thoroughly! There are many scam artists and frauds out there who aim to steal your money and give you no authentic bullion in return.

If you do your research and invest carefully, you can protect your family from the collapse of the dollar. And if you are a perpetual optimist, and don’t believe the dollar will ever fail, then at the very worst you will gain a considerable amount of money by investing in commodities that NEVER drop in value. Bullion is as safe as it gets when it comes to investing, and it is a form of wealth that is safe, predictable, and (for now) easily within reach. Now get out there and secure your family’s financial future.

UPDATE 8/27/11: We are currently in a Gold Bubble, which means that Gold is at an artificially high price right now, and is maintained there by the people who own it so that they can make a considerable amount of money on others who they sell it to. DO NOT BUY GOLD AT THIS TIME, people who own large amounts of it purposefully keep it off the market so that the gold prices can stay artificially high. Instead make a safer investment and buy silver, which is having the opposite happen: it is being kept artificially low. An investment in silver means greater long term security because its price will go up and will not implode like the price of gold.

What is Self Reliance?

Self Reliance is defined in Webster’s dictionary as “reliance on one’s own effort or abilities”. In this light self reliance seems very simple, but in my opinion this simple definition doesn’t quite grasp it. Self Reliance is a much wider concept, and it is the essence of personal success. It is what I honestly believe lies at the core of being a happy and content human being, and without this it is impossible to be someone who feels fully capable in his or her own self. Self Reliance is the foundation upon which any person can build control over their life. This control over your life then translates into the ability to influence the lives of others in a positive way.

I think anyone will agree with me on this simple point: Without control over your own circumstances, you will remain utterly powerless to help or influence others, much less your own self. However, with control over your own life circumstances you will be able to handle your own life efficiently, and once that is handled there is no telling how you will be able to impact the lives of others.

It is very important to understand this concept in it’s entirety, since most people will agree that Self Reliance is important but have never taken the time to understand just how all encompassing it is. Take a typical example: a rich father and a poor father. The poor dad works all day every day in order to scrounge a living for his family, and he spends so much time away that he cannot spend time at home except when he is sleeping or eating in preparation for his next work day. This means he is unable to help at home with household chores, which causes tension in his marriage. It means he is unable to be present in his children’s lives, which causes a more distant relationship between him and his children. It causes shortcomings and gaps in the moral and personal educations of his children, who do not have a father present regularly at home and suffer as a result. It causes shortcomings in the fathers health, and in addition to piling stress onto poor dad it also shortens his lifespan and makes the time he has to himself less enjoyable. As you can see, the poor dad is so busy trying to make ends meet and trying to just keep living so he can keep working. He lives as a slave to his work. He may be Self Reliant in the technical sense of the word, but in reality he is totally dependent on his work and on factors outside himself. He pays his bills, and provides for his family as much as he can, and works tirelessly to make ends meet, but in the end all it takes is one simple decision from his boss to fire poor dad and his entire world crumbles. He is in a very dependent and one-way relationship with his employer, and he is so dependent that he cannot properly take care of anyone else, not even himself. This is naturally a very frustrating and unhappy situation to be in, and it is a reality for the MAJORITY of American fathers who are in a state  of SLAVERY to their employers and their work.

Hold your own Personal Power

The rich dad story is the polar opposite to all of poor dads troubles because rich dad has the opportunity to become completely Self Reliant, and not just in the financial sense. If rich dad spends all day at work then he is NOT truly Self Reliant, because he is a still a workaholic chained to his work who cannot take care of himself properly or his family. Lets say instead that the rich dad has multiple sources of passive income (income made from sources of wealth, not from hours worked, such as real estate, or renting apartments, or even online businesses). He now has time at home to help, so that means a few things: he can take care of his wife, he is present to take care of his kids, he can educate his family, and he is generally free take care of his own health and relaxation. This allows rich dad to invest, take care of his children and their investments, and also help others in his family (and possibly in other families as well if he should choose to do so).

This is just one application of Self Reliance in one field: Finances. This principle carries over into every other aspect of your life, including Health, Education, Personal Outlook, Spirituality, and Self Defense, among many others. If you are not Self Reliant in any of these fields (or all of them, which is my goal for myself) then you are not able to help yourself. If you are not able to help yourself, you are not there to reliably help others.

Many people will struggle against this simple reality, and they will recognize they are not Self Reliant and try to struggle in the wrong direction. Many people spend so much time struggling against their circumstances, because they believe it is these circumstance that keep them pinned in place. “If I didn’t have so many damn bills every month I wouldn’t have to work all the time! These kids, my wife, this home, all of these take so much money! I cant change these responsibilities, so I guess I can’t change my situation.” Wrong. You can’t fight by taking more and more hours, and you can’t fight by just cutting loose responsibilities. Running from the problem will just present another problem, and there will never be enough time or money in a day to fix everything because you haven’t actually found a solution by running away. There IS a solution though: The problem can only be solved by putting time into YOU. You are what stands between a problem and a solution, and the answers must always come from you. You must learn how to juggle the problems more effectively, to manage your family and home and money more effectively, and you must learn about how to build a different life for yourself from the ground up.

Seems obvious, right? Or maybe it seems wrong. If there are all these outside things that suck up my time, how can I possibly slow down to work on me? Well, let’s take a moment and think of a mathematician. His only tool is the calculator, and every single equation he tries to solve will use that calculator. If he does problems every single day and finds he struggles to keep up as the problems get harder, does he just type faster and faster into his little desk calculator? He could, but he would soon find that his fingers hurt as he frantically types, and one day the poor calculator will break as its buttons get crammed in and worn down from overuse. Why not invest in his trade, and purchase a badass upgraded graphing calculator that can do all the new things and more? Upgrade the equipment and the task becomes much easier, right? So what equipment do you have to work with? YOU. Just you. Not your tool shed, not your garage, not your guns or supplies or bank account. You can’t go to the store and pay for a new model of your brain, and you can’t just go pay for a program that will turn you into a brilliant man, but you CAN invest time slowly over time to improve yourself.  What is the take home message? You are the only tool that you use every single day for every single problem, so invest in you!

The process of constant self improvement is a cornerstone of Self Reliance. It is how you build skills that allow you to tackle problems on your own, and it is how you learn to manage problems with ease (even the ones that you are sinking under right now). Spend some time improving yourself, learn new skills, learn the ability to do new things and solve problems in new ways, and prepare for the problems that may come in the future. All of these things together will allow you to become the best kind of person you can be, and in addition to handling things in your life with ease you will free up time to help others as well. Read frequently, learn about how to become Self Reliant, and stop being someone else’s burden (or worse, their slave). Take control of your life circumstances, especially the ones that seem to be running YOU! And when you come out of the problems facing you and you handle them, turn around and offer a hand to those struggling to cross the bridge you just crossed.

THAT is Self Reliance, and that is the very core of this site. If that sounds like something you’re up for, and like a goal worthy of pursuing, then use this site and others to grow your most valuable tool: Yourself.