14.11.2013 Views

money speaks pilot edition1.pdF

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Every single day the dollar loses more<br />

and more of its buying power and<br />

intelligent nations need to look for<br />

alternative hedges that they can use to<br />

secure their wealth. Throughout history,<br />

records have proven time and time again<br />

that the safest way to shield your wealth<br />

(both as individuals and as nations) is by<br />

investing in commodities. You only need<br />

to look at what has happened to the price<br />

of commodities such as Gold, Silver,<br />

Copper, Iron ore and so forth in the last 3<br />

years. Today Gold is trading at $1311 an<br />

ounce and it is projected to rise to well<br />

over $5000 over the next 3-5 years<br />

because of what is happening to the<br />

dollar.<br />

Why is the $dollar so central to the<br />

global economy? It is because it is the<br />

currency of international trade and all<br />

global business transactions are quoted<br />

and traded in US Dollars, so if the dollar<br />

should collapse, the global economy will<br />

follow suit, and the impact will hit<br />

nations who have not managed to move<br />

their $dollar reserves into commodities<br />

mostly. America’s national debt has<br />

reached $20 Trillion dollars. How can one<br />

single country have so much debt? And<br />

just in case you don’t understand the<br />

magnitude of this, let me quote it in<br />

Naira. America’s debt in Naira is 3200<br />

Trillion Naira (in words: Three thousand<br />

two hundred Trillion Naira). It is<br />

economically impossible for America to<br />

ever clear this debt and to compound the<br />

problem even more, they’re printing<br />

$billions of dollars and dumping it into<br />

their economy in an attempt to kick start<br />

it, and all it is doing is devaluing their<br />

5<br />

currency.<br />

It is basic economics, the more of<br />

“something” you have in circulation, the<br />

less valuable it becomes. The reason why<br />

Gold is so valuable is because there isn’t<br />

a lot of it in the world, it’s a rare<br />

commodity. Nigeria must intensify its<br />

mining operations and rapidly build up<br />

its reserve of Gold and other precious<br />

metals.<br />

As a nation, we need to start building up<br />

our mineral reserves, and because we are<br />

already immensely endowed with so<br />

much mineral deposits, we do not need to<br />

purchase them, we simply need to<br />

exponentially increase our mining<br />

output because the $dollar does not have<br />

long to go before it finally collapses.<br />

China is the biggest buyer of<br />

minerals, they have the largest<br />

deposit of Gold in the world and<br />

they mine and store it. The Chinese<br />

do not sell their minerals because<br />

they know that in the coming fiscal<br />

tsunami that will soon hit the<br />

world, paper <strong>money</strong> will have no<br />

value and the only thing which<br />

nations will be able to trade with is<br />

minerals. We need to secure the<br />

economic future of this nation and<br />

see to it that we do not fall victim to<br />

the fiscal incompetence of the<br />

western democracies.

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!