from USA Watchdog:
Financial expert and best-selling author James Rickards thinks the “international monetary system is headed for a collapse.”
Rickards contends, “It’s really not meant to be a provocative statement. The international monetary system actually has collapsed three times in the past 100 years. It collapsed in 1914. It collapsed in 1939, and it collapsed in 1971. When it happens, it doesn’t mean the end of the world or we all go live in caves. We have a period of sort of economic confusion.” Rickards new book “The Death of Money” is a road map for what is coming. Rickards contends, “What I do for the reader is explain why the collapse is coming and, secondly, describe what this new system might look like. That should be very helpful to investors in preparing to both survive the collapse and be well positioned in terms of wealth preservation under the new system that’s coming.”
What does the new system look like for the U.S. dollar? Rickards says, “Here we are, again, looking at another collapse. The problem today is we are on a global dollar standard. A paper money standard can work, but only if you maintain confidence in the money . . .
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