What a Dollar Collapse Will Look Like
The following introduction is the prelude to Troy Grice’s Indivisible, a blovel (blog novel) about what it may look like when the dollar collapses. Troy has made the blovel available for free to interested readers – details follow below.
Unable to sleep one night, you turn on the television and hear this…
…the selloff started about midway through the session with rumors swirling about the cash strapped Bank of Japan liquidating half their U.S. Treasury holdings. Prices on the Ten Year Note plunged taking yields up one hundred basis points over the span of about eight minutes.Â Record volume led one trader to speculate that the Central Banks of the U.K., Saudi Arabia and China were stepping in to halt the U.S. Bond collapse.
Yields seemed to level off for about a half hour but then the frantic selloff resumed driving Ten Year Treasury yields up another whopping one hundred and ninety basis points!â€ Observed a reporter in Australian accent.
So what impact has this had on the currency markets?â€ asked the anchor. â€œIs everyone moving into cash?
Yes…well, the conventional wisdom is that such a dramatic move down in Treasuries would drive many investors into U.S. dollars but that has not been the case. There is a dollar selloff happening concurrently with the dollar down almost ten percent against the yen and euro and off a whopping fifteen percent against the Chinese yuan. These are all unprecedented moves, Sam.
Where are the investors going?
Right…(nodding and holding earpiece)â€¦well, it’s been a huge day for metals, ag commodities, and oil with oil itself up almost twenty five dollars during the session.
So what happens from here?
Yes…(nodding and holding earpiece)â€¦well, with commodity futures still climbing and Treasuries still tanking, it looks like the bloodbath will continue when the DAX opens.
Thank you, Mel…uh huh…one moment…(holding ear)…uh we’ve just received word that the Federal Reserve will be holding an emergency session in…
The professorial Fed Chairman, his ever-whitening beard and ever-receding hairline making him look ever-the-more gnomish, loosened his tie and poured himself a drink at the 7:30 open. Perhaps the great ship would not sink, he hoped. The Fed had key-stroked hundreds of billions of dollars throughout the night and had managed to prop up the wobbly futures markets. Their hope was that the animal spirits could be tamed by the NYSE open. But the entire system sank right from the bell.
Indivisible tells of survival amidst the turmoil of an economic collapse in contemporary America. Triggered by an Asian selloff of U.S. Treasuries, the United States devolves from currency collapse to price controls and shortages, riots, Martial Law and ultimately into civil war.
Bob Garrity is the Under-Sheriff of Jefferson County, Colorado. He is a man willing to exceed the bounds of the law in order to solve a rash of recent kidnappings in his normally peaceful jurisdiction.
Maiden Lane is an assistant to the Secretary of the Treasury. A femme fatale, Mae is not afraid to use her ‘œassets’to get what she wants.
Jimmy Marzan is a soldier, tormented by allegience to his unit and adherence his morality.
Vaughn Clayton is an unemployed father who must figure out how to keep his family together in the chaos.
Their lives converge on the backdrop of the American implosion. To what lengths will they go to survive? â€¦And how far will the D.C. go in order to preserve the established order?
If you’re ready to kick back with a book that promises to be as exciting as it is timely, check out the options for readers below:
Click here to read Troy Grice’s blovel online, for FREE
If you prefer to download an easy to read electronic, printer-friendly version, Troy has made Indivisible available for just $2.99 in PDF format. Click here to order the online version in PDF format.
You can also download the e-book on your Kindle or order the paperback at Amazon.
Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
Please Spread The Word And Share This Post
Read by 2,270 people
Date: November 12th, 2010
Copyright Information: This content has been contributed to SHTFplan by a third-party or has been republished with permission from the author. Please contact the author directly for republishing information.