Will The Dollar Collapse?

People are understandably skeptical of my prediction in: "Your Money Will Become Worthless," at http://saneramblings.blogspot.com/ of the coming collapse of the dollar, just as they were skeptical in 2007 of my prediction of a financial crisis.

Here are the two warning signs to watch:

1) Rising interest rates. The Fed is forcing down interest rates. But they will fail and higher interest rates will hit housing and consumer, business, government and other financings hard. America's creditors will also demand ever higher interest rates to keep financing America's staggering and fast growing debt.

2) Inflation. This will follow as the cost of money rises and America's creditors become more fearful and charge more for their products and for their money as they get paid in ever cheapening dollars. The cost of everything from gas to groceries will skyrocket as everyone tries to stay ahead of inflation.

Conclusion: People always think a currency collapse can't happen to them until it does. And sadly it will happen to America. Please take care.

Dick