John Williams: Gold Now, Russia-US Dollar and Hyperinflation

Hope you are getting ready for ALL the dollars that will be flowing back into our economy.  When that velocity picks up and most of the world is dumping dollars, what then?  I say, Gold and $ilver for one, ammo for another and even whiskey are great for trading and bartering for what you need to survive.

Don’t look for the U.S. dollar as the safe haven because Williams says, “Historically the dollar has been the safe haven in a political or financial crisis, but that hasn’t been the case for four or five years now.  Instead, what you have seen is a flight to other traditional safe havens such as gold and the Swiss Franc.  The dollar has lost its magic.  Nobody wants to hold it.  So, if the Russians follow through and convince the rest of the world that they are going to do it and it looks like China may join them, a lot of countries will want to dump dollars and get out ahead of the crowd.”  

John Williams: Gold Now, Russia-US Dollar and Hyperinflation | Greg Hunter’s USAWatchdog.

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One thought on “John Williams: Gold Now, Russia-US Dollar and Hyperinflation

  1. Pingback: China & Russia Protecting Physical Supply & Demand Of Capitalism: Keynesianism’s Paper Derivative Ponzi Scheme Imploding! | stepman2001

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