Elijah Johnson interviewed me today to get my take on the impending dollar collapse. I won’t give an exact date for the collapse because it is part of a long term trend, and because the collapse will happen as a series of events. Europe, which is in dire straights, is at the forefront of this series of events. Don’t be fooled by the recent Spanish bailout, the debt is still on the books of every financial institution in the world. A gold backed system is the only antidote to the current global depression; the ability to create unlimited numbers of currency units is fundamentally corrosive to free markets and capitalism.
Sign up (on the right side) for the instant free Financial Survival Toolkit and free weekly newsletter.