The global debt crisis will send the dollar and other paper currencies to zero, and gold will be the beneficiary, says Bud Conrad, chief economist at Casey Research.
“The dollar is coming back right now, but it’s a false recovery,” he told Newmax.TV. “All paper currencies are just that.”
Most money now, of course, consists of digital bits rather than paper, notes Conrad, author of a new book “Profiting from The World’s Economic Crisis.”
A government can create digital bits out of thin air anytime it wants,” he points out. (more)
No comments:
Post a Comment