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Total Collapse & The Monetary Story Of The Century

With historic events taking place around the globe, the Godfather of newsletter writers, 90-year old Richard Russell, put out one of his most dire warnings of the year, covering everything from missing U.S. gold, to the complete collapse and destruction of all global fiat currencies and the world monetary system. The 60-year market veteran also warned that if the U.S. gold is in fact gone, it will be the “monetary story of the century.”

At last, I consider that gold has completed a major base. I’ll be surprised if we see gold descend again to test its supported at 1100. As for myself, I have placed most of my assets in physical gold and silver on the assumption that over any extended period of time silver and gold will retain their purchasing power.

What if John Williams’ prediction of hyperinflation comes true? If Williams is correct, the US dollar will crash, and silver and gold, in terms of dollars, will rocket higher. Frankly I am not interested in establishing profits in the precious metals, I simply would like to retain my purchasing power. I ask myself, what would happen to stocks in the event of hyperinflation? I’m afraid that all things denominated in dollars would likely crash with the dollar. But don’t sell your house yet, this is just my opinion.

As for the dollar, it is currently seen as the only safe haven currency on the planet. Since the current fiat dollar is a fantasy created by the Fed, I have little faith in its future. Over the next few years I envision the collapse and probably the extinction of all fiat currencies. In my opinion, the creation and acceptance of fiat currencies is a great evil that has befallen the economies of the world since the first central banks were established. Example: the Federal Reserve was created in 1913, and since 1913 the purchasing power of the dollar has declined by 97%. The 1913 dollar is now worth three pennies.

Source KingWorldNews

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