The US Dollar's inflationary death spiral continues. We've now taken out the 2010 low leaving only two more lines of support before we're in completely uncharted territory.
At its current rate of collapse, the US Dollar will do this within the next 3-4 months. This means the greenback will break into a new all-time lows by 2H11, which will precipitate the coming inflationary collapse.
It's pretty much a straight line down to the very bottom should that happen:
If the dollar collapses:
Food and fuel costs literally skyrocket. You won't be able to buy either when your paper money is worth less than your toilet paper.
Fuel costs explode nationwide. That shouldn't severely affect those of you who have stashed away a few drums of petrol, at least for awhile. Where it will get you is the inescapable fact that nationwide trucking will cease. If diesel or gasoline costs rise to he point that truckers cannot afford to fill their tanks, it's disaster. No trucks running, no deliveries. No food, no gas, nothing.
You have stashed away gold and silver for an emergency. Big deal. The Hope diamond won't buy you food or fuel that hasn't been delivered anywhere for a hundred miles in any direction.
Now maybe you aren't the kind that is able to accept the reality that will settle in, but understand this: The grocery stores and the gas stations will have nothing but empty shelves and tanks. The warehouses and storage facilities in your area will be taken over by heavily armed gangs who won't give a damn if you - or your family - are starving.
There are plenty of people out there that will kill you over a can on beans, so if you've been stashing food also, better hope nobody knows.
Think the cops or the government will be there to defend you? Or any of those bureaucrats in all those government offices? Not a chance. Try to imagine your Mayor or Police Chief sticking around to face a street full of starving and desperate people. Hah - they will have vanished like the morning mist - and just as quietly, into safe zones and shelters your tax dollars have built, protected by those very cops you thought would be there to help you. Only in Hollywood movies do the authorities think of anyone other than themselves.
You will be on your own, so good luck.
Best to hope that this coming financial collapse doesn't happen overnight. Hope that it is stretched out over a period of months - even years - Most of us will be able to cope with that. We can't fight off a tsunami, but we can cope with slowly rising water.
Hope. Yessir. That's Obama's big answer.
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