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China and Russia are making moves that could radically harm the retirement plans of millions of Americans.
They want to REPLACE the U.S. Dollar with the “Redback”, their own gold-backed reserve currency.
Under normal circumstances, the world would reject such a currency from these two troublesome countries.
But many predict the Redback could actually succeed.
Why? Because of the outlandish money printing and dollar devaluation coming from Washington. Which harms other countries’ currencies and leaves many leaders secretly hoping for an alternative.
And if it does replace the USD, what would happen to our economy?
Here are three things you should prepare for:
- Stocks in your retirement account could crash because people aren’t buying anything other than absolute necessities.
- The real-world value of your IRA or 401(k) could drastically decline. So when you actually USE your money, your purchasing power may be a fraction of what it used to be.
- Corrupt D.C. lobby groups and banking companies could collude to ensure the American people pay for all of THEIR losses. Some have spoken of “bail-ins” as a possible solution if things get really bad. (That means if they can take your money, THEY WILL).
The good news is there is a way to defend your savings from ALL THREE of these…
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