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.”
Grab your pre-FOMC popcorn and watch for a brief few minutes as sense is spoken on everything from the reality of the USD reserve currency’s dwindling support, the stupidity of Obama’s Syrian debacle, China and Russia’s deals, the inevitable inflation when “the United States losing the privilege of being able to print at its will.”
Goodman warns – “during this period, it is likely to get quite ugly….” and its all related to politics and money… interest rates and confidence will turn overnight… there is no time to hedge when the truth takes place
He goes on to discuss part-time jobs, the understating of employment, the looming US recession, the US can’t afford higher rates of interest, don’t deserve their bond rating, and will be downgraded…
And previously Goodman’s thoughts (via Financial Post),
Goodman, 75, said in an interview at Bloomberg’s Toronto office Aug. 1. “I’m more bullish on gold now than I’ve ever been.”
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“The world is totally upside down right now — it’s completely crazy,” Goodman said, clicking off his Rolex watch and slinking the chain between his fingers. “I don’t know of another time when every country in the world was printing money.”
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Goodman said he doesn’t know when inflation will rise or how drastically, but that his investment strategy is a pre-emptive strike against that risk.
“I don’t wait for inflation,” he said. “It’s hard to call, but it’s impossible for me to see the U.S. getting out of trouble without printing more money and it’s impossible to see how Europe survives in the form that it’s in. You look around the world and you say: ‘We’re going to have to have some inflation.’ I want to own assets that are inflation-proof.”
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Miners of precious metals are “dirt cheap,” Goodman said.
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“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.”
We are experiencing a singular event in the history of the world. Every currency is of the fiat variety, meanwhile many nations are buying as much gold as is available, rumor has it that China is contmplating backing their currency with gold. The dollars status as the worlds reserve currency is being undermined simply out of the necessity for the worlds nations to survive economically, swaps using local currencies are being made throughout the world. One would expect the media, as a guardian of the public trust, to be alerting the people of this nation of the consequences of the reckless spending and creation of the dollar, unforrtunately neither the media or our government appears concerned of the implications of the current fiscal policies. Complicity in this fraud appears to be the order of the day. A reference to the teachings of the great Austrian economist, Ludwig von Mises would verify the danger inherent in fiat currencies. The worlds experiments with fiat currencies consistently ends with the same result., a collapse of the currency involved. What makes those experimenting with fiat currencies believe that they are different.
Please note that the Federal Reserve has backed off from “tapering”. Isnt it rather odd that the mere mention of halting the nonsense prompted a negative reaction from the market? Perhaps addiction can be extended to spending and currency crteation as well as to drugs. The catastrophe referenced by Mr von Mises is on a steady course, i fear soon to arrive at its destination.
Andrew. Accurately and Eloquently Put. When Investigating why the Mass Media and the GOV. are not warning the Sheeple of “Amerika” an excellent article to read is : “Who Controls America? ” by the National Alliance on: Natall.com. Another Document that is a MUST READ and is Highly Disputed by the Jewish Bloodline is “The Protocols of the Elders of Zion” . read the entire original document on: Jewwatch.com. Wikepedia and Snopes are tainted and lean left to aid the Zionist Agenda. The Protocols are Disputed by Zionists worldwide but I have to say…”Why do the original Protocols mirror what is happening today if they are totally False?”
No shit? Duh!
With the Canadian dollar rising and falling in tandem with the US dollar what is Ottawa doing to protect us from the inevitable downside of the loss of the US dollar as the reserve currency of the world?
THE GUILLOTINE FOR THE ROTHSCHILDS.
and for ALL of their Zionist Puppets Worldwide!
I readily admit that I am not a computer genius. That said, I noticed months ago that my computer was performing much slower, becoming nonresponsive very often and crashing more frequently but primarily on certain sites. Is anyone else experiencing this problem?
EVERYTIME YOU VISIT PAKALERTPRESS YOU PICK SOMETHING UP WHICH SLOWS YOUR COMPUTER, YES, I HAVE NOTICED THIS TOO.
YES THAT IS ABSOLUTLY CORRECT’ EVERYTIME I OPEN PAKALERAT I EXPERIENCE THE SAME SITATUATION’
The American Petrodollar controlled by the ZOG (Zionist occupied Government) will Crash very soon! The ZOG Petrodollar is already Tanking and Inflation may be one of the final straws to break the Zionist Camel Back of Our Monopoly “Funny money”. QE 1, 2, 3 , 4 (Actually QE Infinity) and “Cook the Books” ZOG Errand Boy Ben Bernanke (Zionist Jew) doesn’t even have to print the actual paper money anymore. They go into some Wall Street Bank accounts and add some digits amounting to Millions of Petrodollars being added electronically out of thin air! The Stock Market Soars and then King Obomber claims that his Commie policies are Healing and Growing the US Economy. Meanwhile Inflation and Stagflation drive the costs for daily needs like food and fuel SKYHIGH. The US- ZOG Economy is a Terminally ill Patient with no hope in sight …only DEATH. Russia and China,( two Superpower Countries who actually have Industry and Production), WILL Take “Amerika’s” place as the leading Superpowers in the world. They both oppose the Wars for Israel our ZOG Regime are constantly trying to start. Russia and China know who runs “Amerika” and thankfully there are two superpowers who will challenge the EVIL ELITE ZOG.