“Brexit” is the recent vote on the British exit from the European Union. The British Pound has taken a serious post-Brexit dive. The dollar has strengthened against the Pound and the Euro. Will the expected fall of the dollar still occur? Will there be an economic collapse?
The Pound was the world’s key currency before that status was transferred to the U.S. dollar after World War II. The dollar is a debt-based fiat currency, which the world has been compelled to use for oil purchases since the 1970’s by agreements that are now being scuttled. The dollar is being abandoned by China, Russia and many other nations. Many experts consider its fall to be inevitable.
The dollar could collapse, the banks might melt down, or the Brexit related disturbances in Europe may expand into economic and social chaos. In any case, challenging times are not only possible for us in the United States, they are already in the process of unfolding.
Making preparations with food, water, necessities, security and alternative heating and lighting are crucial. Heavy reliance on dollar denominated assets is very risky. Silver and gold are actual money that can be kept on hand as real value assets in accessible possession.
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