Ukraine is Showing Americans How to Prepare for the Dollar’s Fall
GramsGold.com
3/14/2015
THIS RARE, FIRST-PERSON PERSPECTIVE FROM THE GROUND IN UKRAINE REVEALS NOT ONLY THE ECONOMIC HARDSHIPS OF ITS CITIZENS, BUT ALSO WHAT AMERICANS CAN DO RIGHT NOW TO PREPARE FOR A SIMILAR FATE FOR THE DOLLAR.
Todd Wood describes, “When I traveled to Ukraine six months ago, the Ukrainian currency, the hryvnia, was approximately eight to the dollar. A few weeks ago, on my recent trip back to the former Soviet republic, the hryvnia hit as high as 34.
This is what a real currency crisis looks like.”
They now cannot pay their monthly mortgage payments, which have generally increased by 300%.
Ukrainians are rushing for the exits into precious metals…
with only one goal in mind – wealth preservation.
The Ukrainian population is shell shocked; they are deer in the headlights, unable to plan or hope for the future. Their only concern is survival – to survive the day, that is,” reports Todd Wood at Birch Gold.
“On my recent trip, on my way into the city from the airport, I asked the taxi driver how people were doing. “Nobody knows what’s going to happen,” he responded. “We are struggling to even put food on the table.”
Inflation in Ukraine hit 25% in 2014, and it’s going to be worse this year with 300% devaluation in the currency. Most of Ukrainian industry in located in the east, which is now controlled by the separatists. So almost everything is imported.
This has devastated the family budget. People are having to make hard choices about where they spend their money. Do I buy meat for dinner, or can I substitute buckwheat instead?
The Rest…HERE
