On January 7 China announced it would be shifting the U.S. Dollar OUT of its huge currency reserves. That means China will be dumping between $800 Billion and One TRILLION U.S. Dollars on the market. Experts called it "The Death Blow" to the U.S. Dollar.
They're getting rid of the Dollar because they see no end in sight to U.S. Government Deficit Spending and they know all the debt is backed by NOTHING. So they're getting out of our currency while it is still worth something.
WIthin two days of China's announcement, the value of Gold shot up to $550 an ounce, the highest in 25 years. It rose because other investors around the world saw what China was doing and did the same thing. The demand for Gold rose suddenly and so did it's value. People are dumping the U.S. dollar and the implications for Americans are terrible. Our economy is in very real danger of complete collapse!
Once the "dump-the-dollar" ball gets rolling, nobody around the world will want our paper currency. Since we barely manufacture anything in the U.S. anymore, how will we buy anything? Sure, we feed the world, but if the currency collapses, what stores will survive or even have food to sell?
On February 15, U.S. Congressman Ron Paul (R-TX) addressed the U.S. House of Representatives and stated publicly that the U.S. Dollar is going to collapse! You can read the congressman's speech here.