A US Dollar conspiracy theory?

While the world economy collapses the American dollar continues to strengthen its position in the world, to little wonder – it’s getting back to its basics as the backup currency on every continent except Antarctica.

Yet since the U.S. has debts two times exceeding the world’s GDP one cannot help but ask oneself – what’s next?

The web is flooded with lots of theories and rumours about what would happen to the American currency whether, when and where it would fall – or what else. Some of them look like senseless fantasies, others resemble futurologist’s predictions, but the conspiracy theories of all kinds and colours are firmly on top of all.

“Dollar will crash soon”, “U.S. will change currency”, “Dollars will be sold by weight” – as some smart Russian blogger put it – who creates such buzz and is there a rational reason for the slightest of anxieties?

Well, there is a fact that poses a question, with a big Q. Dollar monetary stock worldwide has grown two-fold over the last half-year and this printing press does not seem to be slowing down.

Would this financial pyramid eventually collapse (since these lots of green paper are not based neither on gold or something equally solid nor collateralized to be collateral)? No one from the U.S. Federal Reserve System so far has intelligibly explained what they are planning to do with the paper, and this mystery probably holds the key answer to the question posed above.

The unimaginable trillions of dollars of national debt make the currently realised $US 700 billion bailout plan look pale in comparison – as well as the $US 850 billion next one currently being discussed.

The truth is that all this money just does not exist. You can print banknotes but you cannot necessarily call them “money”. Imagine this money distributed equally among every living person and fancy what would happen if they all decided to buy goods simultaneously – there’d not be enough goods on this planet. What’s next? Guess for yourself.

So, the devaluation of the dollar is probably not far away but what could happen before this event (via globalresearch.ca)?