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January 7th, 2016 
Awake Goy 
Over the past nine months the dollar has been strengthening steadily, reaching its highest level against the euro in a dozen years. Although there are many who interpret this as a signal of a recovering economy and evidence of the dollar’s continued stability among world currencies, there are others who do not share such an optimistic view.
At least one expert is warning that the strengthening of the dollar is merely “temporary,” and that the seeming recovery is an illusion preceding an inevitable crash.
Peter Schiff, the CEO of EuroPacific Capital, has maintained all along that there has been no real recovery and that the fed will not raise interest rates in the near future, contrary to common wisdom.
In a recent interview with Yahoo Finance’s Aaron Task, Schiff said:
“I’m surprised it’s rallied this much but that doesn’t mean it’s permanent. When traders wake up to reality and realize how wrong these [bullish dollar] bets are, they’re going to unwind these trades and the dollar is going to unwind quickly.”
Schiff believes that gold is one of the safest ways to “preserve your wealth.” He maintains that “people are going to turn to gold in a big way, all around the world.”
‘Global de-dollarization’ is on the way
Schiff is not the only financial expert who believes the end of the dollar’s solvency is near. According to strategic risk consultant F. William Engdahl, backing the ruble and the yuan with gold could trigger a “snowball exit” from the U.S. dollar.
In a Sputnik News article, Engdahl points out the irony in the fact that “the central banks of China, Russia, Brazil and other countries ‘diametrically opposed’ to US foreign policy course are forced to stockpile dollars in the form of ‘safe’ US Treasury debt in order to protect their economies.”
This means these countries are in fact essentially financing our military operations overseas, but that’s beginning to change.
Engdahl writes:
“In 2014 Russia and China signed two mammoth 30-year contracts for Russian gas to China. The contracts specified that the exchange would be done in Renminbi [yuan] and Russian rubles, not in dollars. That was the beginning of an accelerating process of de-dollarization that is underway today.”
In 2015, the Russian Central Bank began introducing the Chinese yuan into its official reserves, marking a first. Currency traders in China have also begun making the shift away from the dollar and towards the yuan; in August they purchased nearly 18 billion Chinese yuan compared to only 3 billion U.S. dollars.
These and other factors have led Engdahl to conclude:
“A Russian-Chinese alternative to the dollar in the form of a gold-backed ruble and gold-backed Renminbi or yuan, could start a snowball exit from the US dollar, and with it, a severe decline in America’s ability to use the reserve dollar role to finance her wars with other peoples’ money.”
Engdahl predicts that gold “is about to make dramatic return to the world monetary stage.”
Is the end really near for the dollar?
For some years now, experts have been predicting the end of the dollar’s reign as the world’s reserve currency. Historically, reserve currencies are only viable for around four decades; the dollar has now been around for nearly double that period.
The dollar has been on artificial life support while the price of gold has been manipulated to remain low. Many of those in the know believe that that’s all about to change.
No one can predict exactly when it will happen, but when it does, the collapse of the dollar is likely to occur rapidly and with potentially devastating consequences. Those who have recommended investing in gold all along may soon be proven correct.
All the indicators are now pointing in that direction; it may very well be time to make a shift in investment portfolios before it’s too late. And the very recent volatility in the currency markets may be signaling that the collapse is nearer than many people realize.
Sources:
InvestmentWatchBlog.com
Eddie L. is the founder and owner of WorldTruth.TV. and Womansvibe.com. Both website are dedicated to educating and informing people with articles on powerful and concealed information from around the world. I have spent the last 36+ years researching Bible, History, Secret Societies, Symbolism and many other topics that are not reported by mainstream media.
Source Article from http://worldtruth.tv/peter-schiff-warns-americans-to-buy-gold-as-chinas-gold-backed-yuan-threatens-to-collapse-the-u-s-dollar/
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