2015 – the year the dollar lost control?

Everyone knows that 1971 was the year that President Nixon “closed the gold window”.

Up until this point any nation inn the world could swap their dollar holdings for real gold. This was important because it means a paper currency that had no intrinsic value could be swapped for a precious metal. It meant that a currency that could be printed by the central bank was actually backed by something of recognisable value.

What is gold really worth?

As gold poured out of America Nixon took the step of closing the gold window and essentially said to the rest of the world “The dollar is no longer backed by anything other than our promise not to print it of existence. Trust us”.

And ever since the Americans have been able to print the dollar out of existence for one reason and one reason alone; there really was no alternative. Trillions of dollars have been printed out of thin air enabling the American people to have a quality of life that other nations could only dream of. Why were other countries forced to buy dollars when they didn’t want them? Simple. Thanks to a very cosy agreement with Saudi Arabia, oil is priced in dollars. If you want oil – and everyone wants oil – you will have to buy dollars.

Gold, to many, became of little or even no importance. Fiat currencies, paper money of zero intrinsic value, and backed by nothing at all was the weapon of choice for central banks who roamed the earth creating wealth for their cosy banking cartels. Fiat currencies faced no opposition whatsoever.

Gold, like silver, became a barbaric relic. It’s place in the digital world was lost to a generation who could not understand why it was a store of value for thousands of years.

The Dollar; 1971 to 2015 RIP

In the history of money, 54 years is but a blink of an eye and the year 2015 may be remembered as the turning point for the dollar, the latest in a long line of doomed reserve currencies. Since 2008 the US has increased the money base by 400%. This is unprecendented in the history of fiat currencies. The consequences of such ruthless forays into unchartered waters will soon be known by all. i expect a bloodbath.

Many of the barricades that have protected the dollars unique position are now being challenged. many of these I have discussed in previous blogs  but this this week we hear about the latest nail in the coffin for dollar supremacy.

China has established a new Asian bank, the Asian Infrastructure Investment Bank – or AIIB. Expect to hear more about this in the coming weeks and months. The purpose of the bank is to fund infrastructure projects in the Asian region one cannot be surprised at the number of non-Asian countries that have rushed to get involved including many European countries as well as Brazil.

Naturally the dollar will not be the currency of choice for this new banking super-power.

In isolation this latest development would not be a major threat to the power of the almighty dollar. But it is not in isolation. the world is turning against the dollar and the monstrous advantage it gives to the USA.

2015 may well be the year that historians name as the turning point for the latest in a long line of failed fiat reserve currencies.

It is for this reason we hold physical gold and silver to protect us from the lunatics in the central banks who run the printing presses day and night and have been allowed to run amok for 54 years. maybe it still has few years left to run but for those looking to protect their wealth in the future, they will probably need even more time if they are to get their share of gold and silver before the run on the dollar begins in earnest. By the time you read about it in the newspaper the gold window will have closed once again.


  • At £100 to double-you’re not really competing with large scale seasoned professionals.

    Once you go down the doubling numbers you begin to compete in effect with institutions and or Goverment policy etc(as that kind of continual doubling becomes an Intrest to the other 7 billion people and stated Goverment)

    As a result-after a handful of these ‘doubling’ moves…the ability and time and competing positions from other investors and said governments etc just make the ability a compounded hardness.

    Hopefully as we become more sophisticated we can enjoy these posts but realise they are like any other headline….attention seeking!

    • I’m afraid that none of that is even remotely true, Gerry. Remember, DYWTAM was written by not one, but two, multi-millionaires using these very techniques. I suspect that you’ve been ripped off in the past by the many “get rich quick schemes” that are out there. That’s a real shame. Having done all of the fourteen levels myself, (and I watch others do the same every week), I feel highly qualified to disagree with every single one of your comments. If you’re not rich now then you have to change your thinking if you want to make serious money. Here’s the thing; “If you keep doing what you’ve always done – you’ll keep getting what you’ve always got”. Stop and think about that for a minute. I don’t know if you live in a two million pound house but if you don’t, here you are telling someone who does that this won’t work. Really? The DYWTAM Programme is a genuine no-nonsense guide on how to become a millionaire – and absolutely anyone can do it.

  • Barry, is it only 10 issues of Double your way to a Million? A friend of mine who is interested wants to know, thanks.

  • hi barry i am interested in your horse racing course and your recommendation of using isiris,i understand kevin booth has resigned from isiris do you still recommend we use this company still thank you,and also i notice on your websitethat it is still dated 2017 .

    • Good question. I have not used the Isiris service recently. I had a brilliant 11 year run but eventually I got closed down by all the bookmakers. I guess that’s a real sign of success but it was fun to do and I actually miss it. I did not know that Kevin had actually retired but I understand that the results this year have been extremely good. Maybe regular readers who still use Isiris can update me on that one and let me know how they are doing.

Comments are closed.

Scroll to Top