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The Great Collapse of the US Empire
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The biggest story of the late 20th century was the collapse of the Soviet Union. After decades of a government controlled, centrally planned economy and outsized military expenditures the Soviet Union just one day ceased to be. Fast forward a few decades and now the biggest story about to happen in the early 21st century will be the collapse of the US empire for the exact same reasons.
The US economy has been centrally planned and manipulated by the communist fashioned central bank, the Federal Reserve, for 99 years now. But it wasn't until August 15, 1971 that the last linkage of gold from the US dollar was removed and the US Government and the Federal Reserve were allowed to truly run rampant with their anti-capitalist economic system.
A look at US Government debt since the beginning of the 20th century tells the story:

Just like the Soviet Union the US has also bankrupted itself on offense. Sorry, they call it defense even though all they do is attack and occupy other countries. The US spends more than the rest of the world combined on its military and spends $2,374 per capita each year. The next nine closest countries in military spending per capita average $80 per annum.
Yet millions of US citizens will rise to their feet and cheer as military jets streak overhead literally burning their money in front of their eyes. "USA! USA! USA... is bankrupt".
And, just like the Soviet Union, the US is destined to collapse. It is not an if... it's only a when.
US CENTRIC
The collapse of the US sounds very dramatic to many people. That's because the US has been the most dominant nation on Earth for the last century. It used to be the beacon of freedom and it attracted most of the world's top talent and became the place to be for almost any endeavor. It was also a leader in free market economics until just a few decades ago.
But, that was then, this is now. Now, after a focused effort to indoctrinate US citizens in public schools and using the media to trick them into believing that socialism is the kindest and best form of government the results can be seen everywhere. Occupy Wall Street kids play bongos and rail against the evils of capitalism - something they have never actually seen in their lifetimes.
Meanwhile, all around the world, billions are waking up to the beauty and empowerment of capitalism. A billion people in China who are almost all of a free-market bent but who were forced down the disastrous communist road for a few decades are building a new future. In the old Soviet Union almost everyone is pro-capitalism after going through the horror of communism in the Soviet Union. Chinese people now rent helicopters to fly over properties in Canada for purchase while Russians are well known the world over for being some of the richest anywhere. In Mexico, tourism was at a record last year despite the US propaganda as Russians streamed into the freest country in North America. And dozens and dozens of other countries in Asia, Latin America and the former Soviet bloc are all on the capitalism bandwagon.
In fact, the only two significant places in the world where capitalism seems to be distinctively out of favor are the US and Western Europe.
And that's the thing... here's the news. They don't matter. The population of the US is 300 million. The population of Western Europe is approximately 400 million for a total of 700 million. Just 10% of the total world's population. It is simply insignificant.
Doug Casey is well known for having said, "Europe will mainly serve as a source of houseboys and maids for the Chinese". And, the way the US is going, many US citizens will likely serve much the same role. A lot of the hackey sack playing drum circle Occupy Wall Street denizens will soon be drafted into the military to pay off their tens or hundreds of thousands worth of student debt and will become cannon fodder in the US Government's next criminal war... perhaps Iran. And those who avoid that fate will likely end up waiting tables or driving taxis in Latin America or Asia as well, muttering their Marxist propaganda under their breath as they facilitate the transit of their much more productive employers.
Some believe that the collapse of the US will be the collapse of "freedom". But if that's the case then that war has already been lost. While there are still a few tens of millions of US citizens who have some concept of what freedom is and what free-market capitalism is, there are billions worldwide that also now know this. Freedom and capitalism will not die with the US empire. In fact, as the War on Drugs, the Federal Reserve and the TSA all die with the US empire it will become clearer to everyone that the US Government had become the biggest enemy to freedom and capitalism on Earth and will likely set off an incredible period of liberty and prosperity...once the dust settles.
The key will be to retain your assets during the collapse and that will be the trickiest part. Owning precious metals and getting a significant percentage of your assets outside of the US should be priority number one for US citizens at this time... the same way as it was for USSR citizens twenty years ago. We are releasing a Special Report entitled "Getting Your Gold Out Of Dodge" in the next 24 hours which will go in depth into detail on how to accomplish that. As well, getting a second passport has never been more important for anyone since the Jews in Germany in the late 1930s as it is for Americans today whose government is closing every door to allowing US citizens to open foreign bank and brokerage accounts. Again, TDV is focused on providing options for western citizens who are fast becoming the new Jews. We offer a number of options for acquiring a foreign passport as cheaply and as quickly as possible at TDVPassports.com.
OPPORTUNITY IN COLLAPSE
While we personally have no interest in living in the US for the next few years as the collapse happens we do think there will be once-in-a-generation opportunities there once the dust settles. The key will be keeping your assets safe and secure until then... something that every government and central bank in the world is making increasingly difficult with each passing day.
W.G. Hill of the Invisible Investor stated, "Get your money out of the country, before your country gets the money out of you". The details of how to do that are not taught by any government registered financial advisor but thanks to the internet you have the ability to do your own research and get access to the independent sources of information that are unattached to the current fascist corporatist system to help guide you. Take advantage of it while you can because governments have realized this and are coming after the internet next.
Subscribe to The Dollar Vigilante to get unique and uncensored news, information and actionable information on surviving the coming collapse of the US Empire and the monetary system and being in a position to profit from the incredible opportunities that will be created in the process.













Comments (16)
Claymore,Yes, of course. I was just speaking of money.Libertymike,Absolutely. At some point, the authorities will throw out a banner that to "restore" the motherland, "we all must bear the brunt of the hardship", and then they will divvy up the debt per capita. After that, very few could possibly manage to exit, and at a great cost.Without all the slaves, the government can not exist, and thus all the "servants of the people" can not maintain their power and lavish lifestyle. I am the kind of a guy who values words at exactly zero. So, what I think is going to happen is exactly the most natural thing, - the people will be enslaved and put to work, because the power never surrenders it's reins, once it obtains them. It is wholly evident to see that the government has obtained the greatest powers ever held in human history. I will bet that it will not surrender them, and that the outcome will be rather bloody.I think the key phrase in your post is this: "according to the IRS".
If you don't leave the US and have your gold stored outside the US then it is a long swim to go get your gold if you need it.
People who appear broke are always allowed to leave the tax farm.A welfare state is frightened of every poor person who tries to get in and every rich person who tries to get out.--Harry Brown
@mavaMava, don't forget that Gold is not just money. Gold is also a symbol of trust and credibility (a more old and conservative notion) and also, it is a rare, scarce and premium natural resource that is very valuable to the industry, due to its unique metal properties.In some Ex-USSR states, dentists would use gold to fill the teeth cavities because it would last a life-time.Now, dentists use something else that only lasts 3 years... it's called business.
It is my understanding that there are proposals pending in Congress to make it more difficult to obtain or renew a passport. It is also my understanding that one of the proposed roadblocks is income tax liability in that those who, according to the IRS, have outstanding income tax liabilities will not be issued a passport. Any idea as to how long it will be before the proposals become the law? What about those who have never filed income tax returns or those who have not filed in years? Is it fair to assume that they will not be issued passports as well?
@At allI think this is an interesting side of story, about the Somalia coinlink
Hi Jeff,Thanks for your common sense answer. I was already thinking the same thing, so it's nice to receive some confirmation. Also thank you to everyone else who responded to my question.After studying this topic for 10 years, my prediction is --Gold and silver will be confiscated by the US govt (aka, central bankers) after the US dollar becomes nearly worthless. This will be done to prop up the intentionally-destroyed economy.The majority of precious metals will then forever afterward be held by central bankers (this is already the situation -- it will only be amplified).A high tax rate on metals transactions will be implemented on those who wish barter in metals.A digital form of gold will be put in place and the new world currency (the "terra"?) and up to 8 regional currencies (for the EU, NAU, Asian Union, African Union, etc.) will be backed by real gold. The rest of us will never touch gold again and will be required to deal with digital gold or currencies backed by gold that we will never see, but only hear about. The central bankers will be in possession of all the physical gold.At the community level, barter systems will be in place to barter hours worked for all barterable goods. Local currencies based on these systems will come about (and already are). Gold and silver may be part of these local transactions but will be heavily taxed and anyone exchanging in gold and silver at the local level without taxation will be subject to criminal charges and propaganda seeking to turn them into the bogeyman. Rewards will be in place to allow people to turn each other in.In the US, the communities will be re-purposed for delivering high-tech goods build from local resources. Local councils that are not elected will determine carbon emissions for each household and will oversee the daily activities of citizens. The model will be similar to the soviets of the USSR. Communities will grow their own food and distance transportation will be difficult for common people. Compounded interest will be a thing of the past and one's retirement will be completely in the hands of their local unelected watchdog council comprised of communitarians (capitalism misex with communism). Guns will be outlawed.
I find it funny you mention those that "avoid that fate" will be waiting tables or driving taxis in Latin America muttering Marxist propaganda under their breath.Confirming your hypothesis, just today, I heard a story about a Mexican cab driver. He's a big guy, who had successfully fought off a robbery attempt by three guys with brass knuckles. He had been an illegal in the USSA and had been caught. They gave him two options: jail or military draft. He went to Iraq, got injured and now is driving cabs in Mexico.
I would rather hide my gold and silver than send it overseas.Who's to say the rest of the world will be better off when the U.S. collapse happens?I think when the U.S. goes we will still be better off than most of the world.
Yet another answer:First of all, the price of gold has to be revalued up. I think this is not "IF", but merely "WHEN". This because to say that USD will collapse is necessarily to say that gold will be revalued. Conversely, if you do not think that gold will be revalued, then you are not thinking that the USD will collapse. It is one and the same thing.Second, when gold revalues up, it must revalue to the level where all debts are payable in gold. Since the debt of US, owed to the federal reserve and that owed to institutions who received money from the fed, is nothing but a tallied up counterfeit that had been taking place since the great depression, then it is easy to see that the upper limit on gold revaluation within US is exactly the level that would allow that debt to be paid in gold. If US has one ounce of gold by that time and say 200 trillion dollars in counterfeit tally, then the price of one gold ounce will have to be 200 trillion dollars.Now do you still think your gold will not be confiscated? As for money, gold is money, and nothing else. If you have "money" that is dollars, than you can keep that "money" in US, nobody would care.I would second bill lodderhose , however, in saying that "paying" down the debt would not likely be a priority.I would also second Hal (GT), in that not only you will not be allowed to exit with gold, but also you will not be welcome anywhere else without it.
Perhaps it will collapse into itself at free fall speeds. Very symbolic. It would not surprise me if it goes really fast.
Hi Jeff,Why is it important to move gold and silver outside of the US? Are you suggesting there will be a confiscation? How did you arrive at this determination? The numbers I have seen suggest that gold and silver would not make any sort of dent in the US debt, once confiscated. The debt numbers are far too high for this to make a difference.Thanks,
* Please allow me to answer that
In response to the "Question for Jeff", I'm not Jeff, so I won't speak for him. But it's been my take that many who advocate the moving of these assets out of the US is for the need, should it arise, to get out of the USA if a collapse of the country takes place. If a political collapse happens and you want to get out of the country, it's very unlikely that the government in place would allow you to leave with a large quantity of money.
"The debt numbers are far too high for this to make a difference."Well at a price of $1600/oz yes they are, but if you have a radical devaluation of the USD, the price could be $10 000/oz USD or higher.in that event, trading partners will no longer accept USD in exchange for goods, and Gold would most likely return as the standard of international account.Finding itself completely broke, the US Federal government would find it in it's interest to seize whatever private gold has accumulated in the USA since the private ownership of gold was legalized in 1974.
Jeff you and Doug Casey and Lew Rockwell and Jim Rogers and others have secured your name in history with some of the greats. Personally my friends and I are referring to you as our own Oskar Schindler and we are looking foward to the day (hopefully very soon) that we may get a chance to shake your hand.I've been wanting to contact you regarding some ideas and designs for your "Casey" style TDV community, after you come up for air following this pressing "gold" deadline you've managed to push yourself into (wow a 100 pages) can't wait to read it. Thanks for "all you do".P.S. We're so glad we paid to subscribe and encourage everyone reading to also gain that extra knowledge your site offers.
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