2017-07-18T09:49:17.000Z
by Judy Byington Compiled in the early morning hours EST of July 18, 2017.
by Judy Byington Compiled in the early morning hours EST of July 18, 2017.
By the 1960s, a surplus of U.S. dollars caused by foreign aid, military spending, and foreign investment threatened this system, as the U.S. did not have enough gold to cover the volume of dollars in worldwide circulation at the rate of $35 per ounce; as a result, the dollar was overvalued.
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Legendary investor Jim Rogers says Western Civilization is going to collapse.
Debt is higher than ever. Therefore, this crisis “will be worse than anything in our lifetime,” Rogers predicts. Governments, countries, and banks will fail, he says.
How should we prepare? “If you start investing in things you don’t know about, I assure you you’re going to have real problems when the situation goes bad, “ Rogers warns, “Stay with what you know.” He expects agriculture to do well going forward. In the short run, he in is bullish on the U.S. Dollar and bearish on precious metals. But in the long run, he sees confidence being eroded in the Dollar, and more movement into gold and silver.
Rogers expects governments to restrict the use of gold and silver when the crisis hits.
Stay tuned to hear what country Rogers thinks will dominate the 21st century – it’s not the United States…
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David Seaman responds to Ethereum questions and Brock astroturfing linking Seaman to George Soros.
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Silver Fundamentals Vs. The Base Metal Bubble Part ll-Silver Undervalued Against Everything Now!
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