People concerned about the declining value of the dollar have been asking us how that might affect the value of Bank On Yourself policies. Some have even asked if they can buy policies in other currencies.

The frequency with which we’ve been receiving these questions seems to be picking up recently.  And I believe the reason for that is the endless parade of financial advice-givers who are all too happy to take your U.S. dollars to tell you why those dollars will be worthless… and why our economy is on an unavoidable collision course with destruction.

These merchants of gloom and doom appear to have one goal in common: To so paralyze you with fear that you let them do your thinking for you as you rush to take their advice.

I won’t insult your intelligence by doing the same.

What I will do is pose some questions designed to help jump start your powers of critical thinking.

You see, I’ve been studying the newsletters, videos, and articles churned out by these doomsayers.  Some of the information in them is well researched, although the conclusions they draw from it can be a stretch.

But the problem is not so much with any facts or statistics they may quote.  It’s what they leave out that concerns me.

So I’ll hope you’ll take a few moments to ponder these questions, before rushing to take the advice of these prophets of doom…

[Read more…] “Is the U.S. headed towards financial doomsday?”