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...Venezuela, Iran, Qatar, Russia and now Nigeria are also using the Chinese Yuan to settle their own oil trades.
In a few short years, the dollars in your savings & retirement accounts could be worthless.
This isn’t a joke.
With oil being the world’s largest traded commodity, and the dollar historically being the primary currency used to buy & trade oil, we could soon face a major supply and demand catastrophe.
In layman's terms, if the world’s biggest use for the dollar has been buying & trading oil, and the dollar is no longer used to buy & trade oil, we will find ourselves with a surplus of dollars.
When there is more supply than there is demand, the price collapses violently; this is known as inflation and more specifically hyperinflation.
If that happens the dollars in your savings & retirement accounts could literally be worthless.
That includes your IRA/401(k).
A Story of Inflation
In the early 1920’s Germany experienced one the worst cases of hyperinflation the world had ever seen. In just 4 short years, one oz of gold went from 170 German Marks to 87,000,000,000,000 German Marks. Yes, you read that right, 87 TRILLION.
Now, the price of gold didn’t magically increase that much. What did happen, is that the value of the German Mark decreased so much, it took 87 TRILLION times as many German Marks to buy the same amount of gold one could by just 4 years earlier.
One famous story goes…
A factory worker went to the store to buy some bread. At that time it literally cost an entire wheelbarrow full of cash to buy just one loaf of bread. The factory worker parked his wheelbarrow full of cash in front of the store while he went shopping. When he returned to his wheelbarrow, the wheelbarrow was gone, and all that was left was the pile of cash.
Imagine trying to pay bills, or even trying to buy a cup of coffee with a wheelbarrow full of cash.
It’s only going to get worse as the Chinese keep making advances in global trade, and they’re showing no signs of slowing down anytime soon.
So how can you protect yourself?
Now, due to a relatively unknown IRS loophole, you can now legally (and completely tax free) protect your IRA/401(k) or other qualified retirement account.
I’ve prepared a simple guide that explains how you can take advantage of this.
If you’re like most Americans, you’ve worked too hard throughout your lifetime to simply let your dollars be flushed down the drain.
Don’t let that happen. Grab a copy of my FREE guide today.
P.S. This may be your last chance to safeguard yourself against China’s threat to your retirement. Protect yourself before it’s too late.
