GOLD Breakout 2016: The Reign of the Almighty Dollar is Over

Sunday, May 29, 2016
By Paul Martin

Stateofthenation2012.com
May 29, 2016

Gold Price: The Single Greatest Determinant of the Upcoming Monetary Breakdown and Currency Collapse

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SOTN Special Note:
Since time immemorial gold has functioned as the universal currency. Whatever its value was considered to be by a kingdom or nation effectively functioned as the benchmark against which everything else was valued.

The price of gold in modern civilization is no different. It is universally regarded as the barometer of the general economic health of the world. When the price of gold is high, there is much insecurity in the global marketplace; when the gold price is low, investors have much more confidence in future economic activity.

Because the US dollar was artificially propped up as the world reserve currency with the post World War 2 Bretton Woods Agreement, the petrodollar in particular began to function as the new benchmark. While this unsustainable arrangement guaranteed great prosperity for the USA, maintaining it exerted a tremendous amount of pressure on the worldwide system of currency valuation. The ever-increasing monetary stresses in the aggregate which resulted have now put the health status of the U.S dollar at great risk.

Every day that passes throughout 2016 will only see this precarious situation become more fraught with currency volatility and financial instability. In fact many of the armed conflict and military maneuverings across the planet are due to this underlying dynamic. The Federal Reserve’s over-reliance on what is basically a dollar printing press has significantly cheapened the value of all the greenbacks in existence.

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