U.S. - Currency Collapse Risk

What will we do if the dollar collapses?  In such an event where we also lose reserve status we will actually have to pay for what we consume there will be hell to pay for most consumers used to cheap products and easy credit.

What if the US dollars loses reserve currency status.  This is how it might look. 
Or this might be a version more optimistic that realistic.  Look at the Argentinian model and you'll see devastation and social chaos devolving into crime and corruption.  I know we have most of that already but when it goes on a grand national scale where ridiculous prices, shortages, and panics are the rule of the day, you might see we could never easily recover from such a thing.  Or at least not back to our original way of life.  In fact, we have accomplished some of that already with the fundamental transformation going on courtesy of the executive branch with the intent on creating a monstrous government unanswerable to anyone but the ruling elite and certainly not the voters or tax payers.

The Chinese may have a plan to become the world reserve currency backed by gold.  If they do so it will spell the end of the U.S. Dollar and possibly our dominance in the world in other areas.


Jim Rogers on how no one gets out of this until there is a crisis.
And a crisis it might be first and foremost.  I still counsel many people to invest in two other precious metals long before they pile up gold in quantity and that is to own steel in the form of guns and knives and lead in the form of ammunition.  Had you purchased ammo over the past two years you increase in value would have been up to five times what you had paid for it.

Real assets will see you through according to Quintieri and he also says the collapse has begun. 
I agree with him in the sense that any form of paper is guaranteed to be worth less or worthless in the long run.  Our best hope is to have the means of food and energy production close to home and be able to live on whatever hard assets we have accumulated.  Hopefully there will still be work and some means of compensation for necessary services and products.  Beyond that, you might see a drop in hair salons while gun shops continue to have a thriving business.

What to do right now.

Here is a list of 20 items suggested by the economic collapse blog that will help you get through a collapse.
Buy things you need or will need if services and goods are much more expensive or unavailable.  This means storing food, household items that are continuously used, and the means to filter water.  What you don't want to do is find that something you want is in short supply or unavailable such as .22 ammunition is right now except at highly inflated prices.

On a final note here is an article suggesting that you hide your money.  What form you hide it in is what matters.  Putting paper bills under a mattress isn't as good as lead in the form of ammo or gold in the form of coins.  Other methods include simply buying forward into daily useful commodities such as powdered milk, canned goods, spare parts for items you use regularly, and even doubles of tools, products, or appliances to make sure you don't have to pay double for it later on, if available.  Guns should be high on the list.