Buffett's not alone. Legendary investor Jim Rogers adds:
"The dollar is in a decline that will continue for years to come." -- Jim Rogers
Moreover, the facts speak for themselves...
- The Bank of Japan holds more than $668 billion in U.S. Treasury Securities. Our own Federal Reserve holds a little over $675 billion. Japan alone holds nearly as much U.S. debt as we do. Do we care? You bet. Even a minor sell off could hit your portfolio by 20 to 50%.
- 13 leading Asian banks own more than $2 trillion (trillion with a "t") U.S. dollars in reserves. Do we care? You bet. Right now, Asia has the power to determine how much inflation takes place right here in our own backyard. Since the Fed has lost control of the dollar, your retirement could be in the hands of outsiders...
- Uncle Sam is spending money like a drunken sailor. America's outstanding debt now stands at nearly $8 trillion - and it's growing at $1.64 billion per day. The solution: print more money... cheapening every dollar you own.
- Personal bankruptcies have doubled in the last decade. Roughly 43% of American families spend more than they earn each year - meaning that the average household carries some $8,000 in credit-card debt that is nearly impossible to pay off.
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