Monthly Archives: May 2015

The Future of Money

Receive Updates

No spam guarantee.

I put a lot of information out on Twitter and Facebook regarding Bitcoin (aka Cryptocurrency or virtual currency).

Why?

It leads back to why I believe in emergency preparedness. You never know when bad times may strike, but there are indicators that give you a hint of what COULD happen, you just have to be paying attention. So I’m paying particular attention to world economics and what direction the United States is going. It’s not only possible, but probable, that a future crises will not be through a physical war but an economic collapse.

Today the US dollar is the primary world currency. These are also known as “reserve currencies.”  The other major reserve currencies are the Euro, Pound Sterling (Great Britain), and the Yen (Japan.)

Rumors are floating around that there is a new reserve currency coming. What will it be? It can’t be Russia because their economy is in a shambles. Putin might be flexing his muscles militarily but the country is on the brink, economically. China is strong but wholly communist. The Chinese yuan or renminbi (RMB) cannot be used as a reserve currency as long as the Chinese government maintains capital controls on the conversion of its currency.

According to Dr. Steve Sjuggerud (founder and editor of one of the largest financial newsletters in the world, True Wealth, a Stansberry Research publication) for the first time in 33 years, a new currency will likely get “reserve currency” status. What could it be? Continue reading

Leave a Comment

Filed under Country, Prepper Folk