Dr. James Rickards, author of The Death of Money: . . . . the monetary system has collapsed 3 times in the past century . . . the world does not end with each collapse, however, at each collapse major powers rewrite the “rules of the game” by which major countries conduct business . . . another collapse is coming . . . the dollar is on its way to the trash bin . . . . 80% to 90% loss of dollar value is possible . . . . we sent tens of trillions of dollars to Europe to bail them out . . . . when the next collapse comes, it will be exponentially bigger than the 2008 crisis . . . . the Federal Reserve is insolvent now . . . . the next crisis will be too big for the Federal Reserve to resolve . . . . all central banks are at or near insolvency . . . . Only the IMF remains sufficiently solvent to produce a fiat currency (Special Drawing Rights; SDRs) to replace fiat dollar and possibly save the global economy . . . . gold is headed for $7,000 to $9,000/ounce . . . Mutually-Assured Financial Destruction (MAFD) is now possible; if Russia or the US engages in MAFD, both economies and/or the entire global economic system could collapse . . . . the thing that destroys the system is the thing you don’t see coming . . . . when the collapse comes, it’ll happen quickly,and you won’t see it coming and there’ll be no time for last-minute self-preservation–therefore, you must prepare now. . . .
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