Posted on 09/17/2013 8:19:01 PM PDT by Whenifhow
Canadian billionaire businessman Ned Goodman predicts the end of the U.S. Dollar as the world's reserve currency. He predicts the transition out of the U.S. Dollar will become, "...quite ugly." He delivered the lecture at Cambridge House's Toronto Resource Investment Conference 2013 on Thursday, September 12, 2013.
Canadian billionaire predicts end of US Dollar as world’s reserve currency - Ned Goodman lecture
http://www.youtube.com/watch?v=nX7J8-VTG08
“Canadian billionaire businessman Ned Goodman predicts the end of the U.S. Dollar as the world’s reserve currency.”
Blah. Blah. Blah. I predict it’s more likely that baby seals will club Canadian billionaires to death.
Monopoly money has its consequences.
Food stampers should take heed and figure it out, the money really is not there.
Can everyone just say DUUUUH? It doesn’t take a genius to predict this. Unsound fiscal policy eventually catches up to everyone.
It’s going to be as ugly as a hatful of Wookie’s a**wholes, not so much when 0’s no longer able to print-off a few million to give to Buttf**k, Africa but when they aren’t able to recharge the EBT fund, et cetera.
That’s gonna be hurtlocker time in the big cities and small towns.
He’s probably correct.
American politicians aren’t interested in preserving the economic foundations that allowed the American dollar to become the reserve currency of the world.
They are more interested in enriching themselves from the system than doing the right thing.
He’s right - but ‘when’ in the question - and what can we do to get ready?
So much corrupt crony capitalism in the US and the politicos think the public is too dumb to see it.
Wasn’t this supposed to already happen?
Given our current lack of fiscal discipline and the willingness of the Federal Reserve to create dollars to loan us - this seems inevitable to me.
Thanks for all the posts...Many predicted this for a while, and it hasn’t happened - YET.
When to get ready - start now if you haven’t already.
Today I read someone’s experience in Montana regarding the bank. The bank claimed to be having a glitch. The person could only get 50 dollars from the ATM, but they could use the bank card.
Sounds like a shortage of cash, since he was able to use the bank card.
Maybe something ? Maybe not. There have been many glitches around the globe for months now. So have cash on hand for when the banks have a glitch.
Not again!
I just saw you asked WHAT to do to get ready.
Have cash on hand as mentioned. Also read Kartographer’s pinged articles. Freep mail him and ask if he has a list or ask him for his favorite websites.
Especially when it is has been 100% intentional trashing of the dollar by our PINO.
I’m sorry, but we don’t need to be the worlds reserve currency. We have the resources to fully maintain our country. Our leaders choose to not let it be so. It boggles the mind.
Our leaders chose....
you are right they are treasonous.
This is not going to affect just the US - because it was the world currency, it will affect the world, but it will affect America the most.
I heard that. PINO indeed!
I don’t know but I suggest that anyone with serious concerns check into this man’s holding in silver and gold mines. His speech appears to further the goal of gold brokerages. Get people to buy more gold!
He didn’t make any predictions as to what currency would take the place of the dollar as the world’s reserve currency either. China and Russia came to an agreement to trade between their countries using their own currencies. A reasonable enough agreement in my mind.
He is bullish on gold - no question.
More here
Canadian Billionaire Predicts The End Of The Dollar As Reserve Currency; Warns “It’s Likely To Get Ugly”
Beginning with how Kissinger and Nixon enabled the USD as the world’s de facto reserve currency through oil, Canadian Billionaire Ned Goodman explains in the brief but far-reaching clip how it is both inevitable (and rapidly approaching) that the rest of the world will turn its back on the dollar. With China and Russia (among many others that we have detailed in the past) agreeing on non-USD swap terms for energy, the cracks are starting to show and as Goodman details, “in the 1930s, everyone wanted USD (backed by silver),” but today, backed by nothing, “everyone wants to get rid of them.” Buying hard assets is crucial (he has never been more bullish of gold) as we head into a period of stagflation or even high inflation; and as Goodman previously commented “the world is totally upside down right now - it’s completely crazy,” in fact, he adds, “I’m keen on anything that’s going to live with higher inflationary numbers, because I can’t see the world getting out of the problems that it’s in.”
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