It's called redistribution. Some countries go out of their way to prevent accumulation from generation to generation.
"Global currencies are already down 97-99% since 1971 and we can now expect the final 1-3% decline for all money to become virtually worthless." Glad this nonsense printed at the very beginning and saved me wasting more time. Utter garbage article full of errors and misleading statements, most of which are easily contradicted.
That's called inflation you moron. Inflation is never the same than a devaluation of a currency. Did you even pass basic macro econ?
The clown is associated with all kinds of gold funds and brokers and has no public track record. Talks about $ going to 0. Yup.
It asymptotes to zero, never reaching zero. Eventually a single dollar becomes worth less, you cant buy anything of value with it, you then need $10, then $100. then $1000... Not there yet, eg. you can still walk into a shop and buy items, like food, for a single dollar. But one day your descendants will walk into a shop (although probably all be online by then) and not be able to buy anything for a single dollar. We trust in the Government and Fed to ensure the drop in buying power happens in a slow, orderly way and not a fast collapse. But the way the national debt is rising so fast, going be $100 Trillion within twenty years. It is pretty scary stuff. If they cant raise enough tax revenues they resort to money printing and the value of money collapses much faster.
Yes that will happen , but i meant that he's using fear as a sales pitch, to get rid of his gold. All kinds of a doomsday scenarios.
Yeah that was me. I let ya'll in on the secret way back in 2016. The #1 Site for Financial Traders. Since 1997.