-- But when the run on the dollar begins, OPEC will inevitably at some point switch its pricing to the Euro, which the entire world is wrangling - much to Europe's chagrin - into not only a safe-haven currency, but a profitable one. The next house is being built before the old one is abandoned. When the run on the dollar begins, it will be as if the rest of the world declared war on the United States of America by launching a missile, dropping a bomb, or landing an army at Bethany Beach, Delaware. That this will lead ultimately to widespread global warfare seems certain. This is exactly the way the administration is setting it up to appear to the American people. Think of 9/11 times fifty.
The rest of the world is merely defending itself with non-violent means - for the moment. But it will be portrayed as an attack upon the US. "Why?" George Bush will ask, rhetorically. "They hate us because of our freedom."
And, barring a miracle, the end results will be exactly the same as from a physical attack: devastation so complete and unthinkable - magnified by the brutal impacts of Peak Oil - that only a few will even try to prepare for it. That is sad because preparation will make all the difference (barring luck or divine intervention) in who survives and to what extent they remain intact and functioning afterwards.
Take this to heart as if your welfare depended upon it. Do it as if the crisis was upon you today. These are only immediate steps. FTW is about to undergo a major reorganization so that we may bring you better real-time information and more solutions or options as they become available.
Curtail all unnecessary spending.
Reduce credit card balances.
Get to know and become friends with your neighbors on all sides.
Keep (at least) a week's worth of cash and food in your home.
Look at your residence and ask yourself what you could do to improve it if there were no heat and no electricity. Start preparing for both. Look at your insulation (if you own), your windows, curtains (a great source of heat loss) and roof.
Buy physical gold, not paper gold. I am convinced that we will see gold reach at least $600 per ounce in 2005. It's a great way to hedge against a falling dollar.