Today an outspoken hedge fund manager out of Hong Kong warned King World News about what the elites are secretly doing with their own money ahead of the coming collapse. William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, also discussed how he sees the frightening endgame playing out as the world nears the end of this historic cycle.
Kaye: “We are still at a point in history where all major nations are intensely trying to devalue their currencies. This is a truly incredible situation, particularly with Western central banks having very little gold to continue their suppression scheme. This is going to lead to a moonshot scenario for the price of both gold and silver. The culmination of this cycle will be different than in 1980. In 1980, the fear and the panic were based on a fear of inflation. There was a total lack of confidence in central banks and in the integrity of fiat currencies. People were watching their savings being destroyed and it led to a buying panic in gold and silver.
The coming collapse certainly appears scripted. Is it coincidence or is it by design that the IMF (International Monetary Fund) has been working on a substitute for the U.S. dollar as the world’s reserve currency? Regardless, the U.S. dollar is going to collapse — it’s just a question of when. I strongly believe that the collapse will be in the near-to-intermediate term.
The world just witnessed another all-time record yesterday for a one-day Christie’s art auction which totaled $745 million. Well, who would you expect to move first considering that we are headed toward fiat currency destruction? The answer is the wealthy and the super-elite — the people with the most to lose if they have their savings in currencies.
So we would expect them to move aggressively out of fiat money first and that is clearly what is happening. It doesn’t matter whether it is London or New York real estate, fine works of art, rare books, rare maps — all of these things that can’t be reproduced are being aggressively bought up all over the world as the elite exit fiat money and the current banking and global financial system.”
Source King World News
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