The Upcoming, Cataclysmic, Financial BIG BANG to End All Big Bangs

• The Upcoming, Cataclysmic, Financial BIG BANG to End All Big Bangs
  by Andrew Hoffman, http://blog.milesfranklin.com/  
  … Such are the ugly times we live in.  And yet, the U.S. still remains the “best of the bunch.”  Not that it will forever; as once the “end game” of global currency collapse plays out, the America’s political and economic power will be no more “extraordinary” than those of other former reserve currency issuers – like Portugal, Spain, France, and England.  Heck, even America’s social leadership is rapidly waning, with its previously world-leading entertainment industry thoroughly dumbed down and diluted by commercialism, “reality,” and social media.
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  No, America won’t disappear.  However, it’s once global dominance will disappear in all but a handful of niche areas.  Which sounds not so bad, until one realizes its power stems largely from said “reserve currency”; and more importantly, the rest of the world’s five decade willingness to finance it.  In other words, 21^st century Americans are living further above their means than any other people ever have – at a time when its finances, economic outlook, and political leadership have never been worse.  Which is why, undoubtedly, the “transition” from global dominance to mere ordinariness will be extremely painful – political, socially, and economically.  As for “King Dollar” – which in currency terms, trades at the equivalent valuation of a $100,000 hybrid automobile amidst plunging energy prices – all we can say is this.  Holding dollars instead of Precious Metals at prices well below their respective costs of production – in a world where Federal Reserve money printing is going parabolic (heck, even Bloomberg admits it) – can only be described as financial suicide.
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  Back to the horrible headlines, I feel like I’m in the Twilight Zone when trying to convey what should be the simplest point imaginable; i.e., collapsing commodity prices represent the “worst-case scenario” for global economies, financial markets, and social and geopolitical stability.  However, thanks to the dumbing down of financial media; the unconscionable conflict of interest between what’s good for Wall Street and Washington, and what’s good for the “99%”; and of course, historically manipulated financial markets; I feel just as much the “Cassandra” for speaking of such a mainstream topic, as pleading for people to consider “taboo” investments like gold and silver.  I mean, we’re supposedly in such a powerful “recovery” that Federal Reserve “lift-off” is imminent.  And yet, global commodity prices broke through 2008’s spike bottom lows last week; led by the world’s most important revenue producing market, crude oil, whose horrifying plunge is just startingto unleash the “unspeakable horrors” I warned of ten months ago, when prices were nearly twice today’s depressionary levels.
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