If Obama is president and the dollar (god forbid) should collapse, what should he do?

Preparation for the Collapse: I’m on your side people!

Hopefully, he will have addressed just how bad the financial situation is before a complete collapse.  I’m thinking he won’t.  Why?  Obama is a pretty smart and intuitive guy.  My thinking is that he already (pre-inauguration) has a good idea just how bad things are.  But perhaps he does not realize the entire system could collapse.  I am certain Bush knows since he has the most comprehensive access to the situation from all angles.  I think he is determined to do whatever it takes to NOT allow it to happen while he is in office.

Ron Paul has been the ONLY candidate warning of a dollar collapse

We have not heard Obama or McCain talking about a potential collapse of the dollar.  Its unfortunate that they keep telling their base what they want to hear instead of how bad it could really get.  To their credit both campaigns have mentioned a potential great depression.  They steer clear of the dollars collapse… its probably intentional.

Address the problem ASAP

The first 100 days are critical for defining where we are economically and where we are going to go.  Once in office he probably won’t have the luxury of blurting out “the dollar could collapse”.  Because that statement would likely be enough to make it happen sooner rather than later.  Hopefully, we will eloquently and surgically address just how cancerous the economic situation is WITHOUT causing world wide dollar panic.  He should also have a plan as to how to get a powerful American currency without a very violent collapse.

How to fix it

Fix one: The Amero

One way for him to do it is to push for a competing gold backed and Congress controlled currency (Amero?).  This would bring to the surface a lot of violent radicals, but for smart economist and bearish brokers it would be like music to their ears – because it would at least challenge the power that has been given to the incompetent U.S. Federal Reserve that has been allowed to do whatever the hell they want.  *the name AMERO gets into a lot of conspiracy theories about one world government/currency.  I don’t care what its named… call it the “RonPaul”  All I’m suggesting is that we have gold backed money we (US Citizens) actually own and coin.*

Why replace the dollar?

Greenspan in 2007 says the Euro could replace the dollar as the world’s reserve currency http://www.iht.com/articles/ap/2007/09/17/business/EU-FIN-MKT-Germany-Greenspan-Euro.php

If the dollar loses its reserve currency status, it could also completely lose its value.

Is the Amero Real?

I don’t know.  According to Snopes, no.  http://www.snopes.com/politics/business/amero.asp

Fix two:  Aggressively Green

The biggest issue is that we have a huge trade deficit.  We are getting importing most of our resources and materials from overseas for debt.  We become a fat, consumer based debt society with nothing to give but more debt.  We need a new industry that allows us to create jobs, create a trade surplus, eliminate debt and become completely independent.  That industry is clean renewable energy.  We have to resources, the need, the technology and we can develop the skills all we need is the political will to push the country in that direction as AGRESSIVELY and as unapologetically as we went to war with Iraq (only with more long term planning).

Fix three:  Do both

If Obama were to do gold back dollar and Aggressive green I think it would be highly effective.