Summary: Stick a fork in it - the US Dollar is a goner. Within the past couple of weeks, the US Government and Federal Reserve have all but confirmed that the Dollar will be hyperinflated into oblivion. I draw this conclusion after a series of news events and announcements that were made just recently. In this episode, we review a recent appearance made by former Federal Reserve chairman Alan Greenspan on NBC's Meet the Press, in which Greenspan stated it was impossible for the US do default on its debt because "we can always print money." This blunt statement came just as the Federal Reserve confirmed it will leave interest rates near zero at least through 2013. This means people who save money are going to be creamed, and debtors and speculators will continue to have the upper hand. We also listen to a recent TV interview with legendary investor Jim Rogers who does a great job of summing up what's happening lately, and what it all means to investors. When asked by the interviewer if the US is about to devolve to the point where life becomes all about "firewood and field plowing," Rogers said yes. How do you protect yourself financially from the coming destruction of the dollar? We explore a few ideas this week. More Information Hear Jim Rogers' appearance here on Financial Survival Radio last April Read Robert Kiyosaki's analysis of Bank of New York Mellon's decision to begin charging depositors for holding their money (free subscription required) Get a little more truth in your TV news by watching RT - Russia Today Click here to subscribe to our show via ITunes Click here to subscribe via RSS (Non ITunes feed) Like our show? We would appreciate it if you would honestly rate our show with ITunes.
