Automatically receive the internet’s most informative articles bi-weekly via our free bi-weekly Market Intelligence Report newsletter (sample here). Register in the top right hand corner of this page. I came to the conclusion several years ago that it was just a matter of time before the world realized that the relative functionality of the U.S. dollar was about to go belly up – to collapse. Prepared by Lorimer Wilson, editor of munKNEE.com – Your KEY To Making Money! [Editor’s Note: This version* of the original article by Chris Laird has been edited ([ ]), restructured and abridged (…) by 71% for a FASTER – and easier – read.] [Below is an explanation as to why I have come to the above conclusion and what I think it would mean for the well-being of the world.] Were the USD to actually collapse…the entire structure of the world economy would collapse for a period of time…[and] go through cataclysms politically during that period. That usually leads to massive wars, starvation and mass homelessness around the world. What Would Happen in a USD Collapse? 1. The U.S. and Western economies would all face insolvency simultaneously... 2. The entire Western industrial/consumer/credit economy would fall apart so fast it would make your head spin. The supply chain would stop and stores would empty quickly. 3. The USD would fall over 50% in one week’s time and then temporarily stabilize before its final last gasp… 4. Worldwide currency panic would set in paralyzing what’s left of the world economy which means the ‘emerging markets’ would stop dead too. 5. China would have a revolution, or go into military mode, which would be even worse. 6. A one-world currency would be demanded – and implemented. 7. Asia would fare horribly…If Western consumerism goes away, then the entire foundation of the Asia macro economy would instantly crash and stop cold… Conclusion It would be a dark time worldwide… (*The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.) Scroll to very bottom of page & add your comments on this article. We want to share what you have to say! If you enjoyed reading the above article please hit the “Like” button, and if you’d like to be notified of future articles, hit that “Follow” link. Related Articles From the munKNEE Vault: 1. Currency Collapse Coming: Go Get Gold NOW! Nobody knows when the final crisis will occur, but like so many times throughout human history we are marching down a narrow path to the final catastrophe of our fiat currency system. [Let me explain why.] 2. The U.S. Dollar Will Collapse When This Upcoming Event Happens If we want to better understand the answer to the elusive question of “When will the fiat US dollar collapse?”, we have to watch the petrodollar system and the factors affecting it. 3. Here’s How (and Why) the Collapse of the U.S. Dollar Could Unfold Imagine if the Fed and the Big Banks are actually planning on the US Dollar to tank! If that is, indeed, the case, here is how I imagine such a coup would unfold. 4. The U.S. Should Relinquish Reserve Status for its Dollar – Here’s Why Conspiracy theory notwithstanding, claims that the reserve status of the U.S. dollar unfairly benefits the U.S. are no longer true. On the contrary, it has become a burden, both for America and the world. [Let me explain.] 5. The Developing Disaster Facing the US Dollar & the World When the supply of something is increased sharply relative to demand, the value of that commodity will decline. If the supply continues to increase rapidly and indefinitely, then that item will become worth less and less, with the potential to finally become nearly worthless. This is the Developing Disaster facing the US Dollar and the world. This is the factor that could become the single most important criterion in investment allocation decisions and possibly even for individual financial survival. 6. Video: What Could Happen in the First 12 Hours of a US Dollar Collapse This is the scenario nobody thinks is possible but really, at the end of the day, it’s not like the U.S. can print money and live on debt forever – right? so when something cannot go on forever what happens when it stops? 7. What’s Happened – and Will Continue to Happen – to the Value of the U.S. Dollar Technically the U.S. left the gold standard in 1971 but, in reality, we abandoned it in 1913 with the creation of the Fed…setting the stage for the collapse of the dollar. [Given that this is] the 100th anniversary of the creation of the Federal Reserve, it seems only fitting that we should present a brief history of the U.S. dollar debasement since then. 8. The U.S. Dollar: Too Big to Fail? Those in the U.S. power structure know what the plan is if the U.S. dollar should fail. They are not admitting publically that there is even the remotest chance that it could happen but, rest assured, there is a plan. There is always a plan. To paraphrase Franklin Roosevelt, nothing happens by chance in government, so don’t be caught up in such a ‘surprise’ event – whatever it may be and whenever it occurs. 9. The U.S. Dollar Is Toast! Gold Could Rally By 50% As the dollar strengthens gold weakens & as the dollar falls, gold rises – .and it is my firm belief that the dollar is toast. If the dollar falls to the same magnitude which it has in previous interest rate cycles, we could see gold rally by 50%. 10. Exodus From U.S. Dollar Has Begun – Got Gold? Before the U.S. dollar became the world’s reserve currency that honor was held by Britain, then France, the Netherlands, Spain & Portugal and the U.S. dollar is no less susceptible to succumbing to the same change. In fact, many nations have been actively turning their back on the dollar over the past decade. 11. What the Heck is Going on With the Dollar and “Fear”? People are once again fleeing into gold, silver. They’re dumping the dollar and stocks, and they’re betting big on volatility and fear. The irony is, though, that there is no fear according to the “fear index” that speaks of “complacency”. This utter disregard for reality by stock and bond investors, who now no longer feel the need to be compensated for the risks they’re taking, except at the very riskiest end of the scale, is one of the greatest accomplishments of central banks, and at the same time one of the greatest risks out there. 12. Implications of Declining Dollar Will Be Major Western central banks, by debasing their currencies, have produced little more than financial ammunition for speculation on a grand scale. We saw the effect of a flood of this accumulation into the dollar over the last 18 months, and we are about to see the opposite effect as it ebbs away. What will the implications be? For all the latest – and best – financial articles sign up (in the top right corner) for your free bi-weekly Market Intelligence Report newsletter (see sample here) or visit our Facebook page.