The American dollar (or any fiat currency) only has strength/value because it functions. This is called usage demand. Americans are forced by law to use the dollar. But the rest of the world is not. So ask yourself this. Is the dollar still functioning for the rest of the world? Does it still buy them what they need and want? Does it still function as a store of value for those that hold it? These questions are the key to whether or not the dollar retains its world reserve currency status.
Here is a good way to test a theory. Let's look back at some editorials and letters written by someone who was following Another and FOA back in 1999 and 2000. Let's ask ourselves if they have any relevance today. If the theory is logically self-consistent, then the answer should be yes.
SteveH on USAGold was kind enough to draw our attention to these archives:
June 7, 1999
Aug. 9, 1999 - NEWLY ADDED
Nov. 13, 1999
Jan. 5, 2000 - NEWLY ADDED
Feb. 3, 2000 - NEWLY ADDED
Feb. 14, 2000 - NEWLY ADDED
Sept. 25, 2000
Oct. 18, 2000
Nov. 13, 2000 - NEWLY ADDED
Sept. 25, 2008
Steve's final thought:
"What if this move out of the US reserve currency is all a ploy to free-up US gold to move into stronger hands and deprive us all of our country’s gold? We hope those in charge are not playing into the hands of those who triggered this mess. Unfortunately I think they are…"
Then Ender asked the question that was also on my mind.
Ender: "...are you hinting that it the current events of today will simply blow over giving us another 8 years to follow this Great Scramble? Or, is it just the opposite that, even though it didn’t happen before, somehow today it’s different?"
SteveH: "I wrote those 8 + years ago. My take is that it took 8 years to come to pass. Much of what was spoken here by others and on the other site took eight years to come to pass... It also seems to point out that the trouble we see now was also seen then but staved out by TPTB as long as they could. Some earthy shaking event may have had something to do with that." -Posted on USAGold 9/27/08