Investment Legends - “Dollar Collapse Inevitable”

What will happen to the U.S. economy and the dollar in the near term? Will inflation increase dramatically? What is the outlook for gold, and where should you put your money?

Quotes:

An intensifying economic downturn – what formally will be viewed as the second dip of a double-dip depression – already has started to unfold.

The governments worldwide (I don’t pay much attention to economists) want us to believe that the worst is behind us because the financial system is built upon the foundation of trust and confidence. Both of these were battered badly when it was shown that much of the world’s prosperity over the past few decades was simply a mirage that, once dispersed, left behind only debt with no means of future production. Now they want us to believe that they fixed the problem via more debt.

No, the worst is yet to come. No structural changes have been made, no problems have been fixed. Printing money, a.k.a. Quantitative Easing, is a quick fix that has postponed the problem, yet also made it a lot worse. I would say that we are still in the early stages of the crisis and have another 4-8 years to go.

http://www.zerohedge.com/article/guest-post-investment-legends-%E2%80%9Cdollar-collapse-inevitable%E2%80%9D