the dollar vigilante blog

Feedback Friday - March 7, 2014

Well, are we on the verge of WWIII? And no, I'm not referring to Quebec, Canada, where simple rights are being stripped from Anglophones and immigrants. Over in Ukraine, Russia is returning to Cold War form, and the West sits ready, with itchy drone trigger fingers. 

Galt's Gulch Chile, anyone?

Want to join in the discourse? Send your questions, comments, queries, and concerns to tdv@dollarvigilante.com, comment on a post, or get on the forums.

On to the feedback…

CHINESE RENMINBI

Dear Vigilantes,

I would like to ask if you feel that the Chinese renminbi will be at all or especially immune to the coming collapse. They've been accumulating LOTS of gold and have a plan for the situation at present. Also I'd like to ask if you feel that China would be a good place to move to. Permanently! Like Chile. Please respond at your earliest possible convenience. Thank you from the bottom of my very grateful heart. I hope to hear from Jeff Berwick soon, in response to my inquiries. However I'd be very grateful to hear from any of you; Redmond, Justin, Jim, or the other Vigilantes.

Anthony S.

Jeff’s Response:

I don't think the renminbi will be "immune" to the coming collapse, but it will be a much more desired medium of exchange than the US Dollar at the time of collapse. Already the renminbi is on its' way to replacing the US dollar - that is China's aim, after all. And after the recent Ukraine debacle in which China did not bat-an-eyelash at Russia's response, one can be sure that the renminbi is well on its' way to supplanting the dying dollar, in part due to strong trade relations.  Aside from China's geo-political movements, and purchasing of gold, the country's consumption of fossil fuels and raw materials will alone be enough to help the renminbi to reserve currency status. China has, after all, recently overtaken the US as the world's largest oil importer and goods trading nation. I foresee, if the monetary system doesn't devolve the planet into total chaos, nations of the world agreeing upon some sort of basket of currencies. 

I don't think any fiat is ideal, but of course we need them in our world of central banks and governments. Diversifying one's assets into as many different vehicles is the only way to insure yourself against The End Of The Monetary System As We Know It (TEOTMSAWKI). This includes gold, silver, bitcoin and other vehicles we talk about in our subscription

As for living, I think many places in South America will prove to be most sealed-off from global trepidation. With that said, living in China sounds lovely and I've visited it many times before and had a great time. Everyday it is less communistic, while the US becomes more communistic. From that perspective, China isn't the most ideal place to relocate in light of TEOTMSAWKI, but it is better than the USSA...

COMMON CORE

Terrifying, though sadly more a change of degree than kind near as I can tell. The feds have been telling the states what to teach ever since the "teachers'" union gained power.

The best lesson I ever learned, I received in college. Professors who knew that I did not share their political ideology had enough integrity to teach me how to think, not what to think. We still disagree today but they helped me acquire the skills to examine claims, beliefs, and arguments so as to be able to learn successfully. THAT is what we need to be teaching kids.

I never would have survived the above lessons. I would have rebelled on the factual errors as well as the jingoism. The result would likely be that I would end up in "alternative" school (in school suspension) or otherwise labelled as a trouble maker.

I cannot see that there is any hope left for the Grand Experiment…

Storm

Wendy’s Response:

Hey Storm,

You are quite right, of course, it is more of change of degree than of kind. But I think changes of degree can be extraordinarily significant. (And I know you probably agree.) There are "tipping points"...with the classic example of super-saturating water with a substance such as sugar. You stir and stir and finally one more addition makes all the difference. It is sometimes difficult to know when a difference of degree (another scoop) becomes a difference of kind. I suspect it is happening now with education. The main red flag is not even the change in content of the teaching but the change in centralized as opposed to local control. Local control included authorities, to be sure, but it also included parents.

UKRAINE

Dear Jeff,

I know you chimed in on the Ukraine last week, but as things have escalated dramatically, I was wondering how you see the West’s interference contributing to the chaos, and what that means for the rest of us sheeple through a TDV filter?

Thanks,

Aaron in des Moines

Jeff’s Response:

I have been keeping an eye on Ukraine and how the US and Russia have reacted. There's one thing for sure: The Ukraine is on Russia's border. They haven't invaded the Ukraine, either, as far as I can tell. They're allowed to have certain number of troops in the Crimea by law. The western media has had a field day with the situation, though, basically saying that Russia has devolved into nineteenth or twentieth century imperialism. 

As far as the west's interference and how it has contributed to the chaos, here is what I see: The US has had an imperialistic war agenda since the end of World War II. If I were some sort of state-strategist in the Russian camp I would not be blind to the fact that the US, with the help of NATO, has basically bumped up against our border. At a certain point, enough is enough, and I believe we have reached that point. The Ukraine has been destabilized thanks in large part to foreign powers. What's going on now is not unrelated to the Orange Revolution of 2004 in the Ukraine. As the Guardian noted at the time of the protests:

"[...]the campaign [Orange Revolution] is an American creation, a sophisticated and brilliantly conceived exercise in western branding and mass marketing that, in four countries in four years, has been used to try to salvage rigged elections and topple unsavoury regimes[...]The Democratic party's National Democratic institution, the Republicn party's International Republican Institute, the US state department and USAid are the main agencies involved in these grassroots campaigns as well as the Freedom House NGO and billionaire George Soro's open society institute."

Basically, the way I see it, at any time new proxy wars can pop up just like during the Cold War. But, with Russia troops being in Ukraine, this seems have the potential to escalate into a bit more than just a proxy war.  As I've stated before, I find the southern hemisphere to have more opportunities than the northern hemisphere, especially in light of tensions between Europe, North America and Russia.

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