Must read from Video Rebel's Blog: "Translating Zero Hedge: Your Wages Will Be Cut In Half"
Excerpt: "... after the 2012 elections the Russians, the Chinese, Iran, Venezuela plus their clients states and a few other nations can and will force a devaluation of the dollar by refusing to accept Federal Reserve Notes in international trade. If Americans balk, China just has to dump a hundred billion dollars and buy commodities driving the price of food out of the reach of WalMart shoppers. Of course I realize the Chinese will just be doing what the bankers want them to do.
"An international conference will be held at which the dollar will be devalued by about 40% as predicted by Bernanke. This will complete that 50% pay cut I have been predicting.
"The Chinese will have dumped most of their dollars before the conference so that their economy will not be harmed by a dollar devaluation. If Americans can’t afford to buy Chinese products, China will just sell them to people whose currencies were revalued upwards.
"I would suggest you buy storable food, silver coins (not collectibles) and household items that will just increase in cost."