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Economist Warns US Dollar Will Implode ‘In My Lifetime’
Economic collapse could be just around the corner, according to Casey Research Chief Economist Bud Conrad, who predicts the collapse of the dollar during his lifetime.
Conrad made the comments in a Future Money Trends story that details the destabilization of the global financial system and offers advice for citizens who want to shield themselves from the downfall.
Conrad believes that manipulation of the world economy is being undertaken by governments, central banks, and other various financial institutions – making the world economy appear as it things are all well, when they’re not.
“In my lifetime, the US government issue of currency can’t be trusted,” Conrad said. “It will implode and will issue a new currency to replace the dollar.”
He also says that any new currency will be backed by gold – significant for Americans who in recent years have bought the precious metal.
“That [replacing the dollar] will destroy an awful lot of debts, and it will give the government a new leg if they can base it on something like gold,” Conrad said. “It will both be very bullish for gold and create new confidence. If they create a new paper system like the old paper system it will die just like a banana republic 10 years later.
Source: http://www.offthegridnews.com/2013/12/06/economist-warns-us-dollar-will-implode-in-my-lifetime/
