Thursday, September 29, 2011

Will the dollar (and other fiat currencies) die?

I am concerned with the prospect of not only inflation, but hyperinflation. Ever since the sub prime crisis in 2008 and the remedy by the government of bailing out the big banks, to the tune of trillions of dollars, I wondered how it will play out for us, the little guys. I wanted to know how I can prepare, and what to expect.
Doug Casey is a highly renowned investor and speculator. He has plenty to say on the subject. He has a remarkable insight on not only economics and markets, but philosophy and history as well. Whenever I can read or watch anything from him, I make it a priority to do so.
In this interview, he says that the dollar will die, and how to prepare for it. He also thinks we are in a depression that started in 2007. He calls it "The Greater Depression", and for good reason. The dollar collapse will have a big impact not only in the U.S., but throughout the world because the dollar is the world's primary currency. How can nations conduct trade without it? What will happen?

Here is the link to his interview.

Feel free to comment.  

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