Recently, I went to a meeting of high-net-worth investors in Belize. An old friend of mine, a successful international asset-protection lawyer, organized the meeting. The attendees were almost all Americans and mostly near or past retirement age. For the first time in my career, when I began talking about the huge fiscal problems facing America and the U.S. government, there was widespread recognition by the audience of the facts and the figures I was presenting.

We’ve heard a lot on the news lately about the woes of Greece and how it has weighed upon the euro.

With the dollar falling rapidly to test – once again – the $1.50/euro benchmark, Harvard University professor Niall Ferguson, the author of “The Ascent of Money,” is warning China has begun “dumping the dollar” by buying gold and commodities including oil rights around the world.