Canadian billionaire predicts end of US Dollar as world's reserve currency

[jFico89]

Very precise breakdown of the economic situation.


http://www.youtube.com/watch?v=nX7J8-VTG08#t=328

[A Son of Liberty]

A humble OB/GYN from Texas via Pittsburgh did the same a long time ago, and almost everyone laughed at him.

[puppetmaster]

A date would be nice.

[A Son of Liberty]

A date would be nice.

Shouldn't we get to know each other a little bit first?

[Lucille]

Canadian Billionaire Predicts The End Of The Dollar As Reserve Currency; Warns "It's Likely To Get Ugly"
http://www.zerohedge.com/news/2013-09-17/canadian-billionaire-predicts-end-dollar-reserve-currency-warns-its-likely-get-ugly


Beginning with how Kissinger and Nixon enabled the USD as the world's de facto reserve currency through oil, Canadian Billionaire Ned Goodman explains in the brief but far-reaching clip how it is both inevitable (and rapidly approaching) that the rest of the world will turn its back on the dollar. With China and Russia (among many others that we have detailed in the past) agreeing on non-USD swap terms for energy, the cracks are starting to show and as Goodman details, "in the 1930s, everyone wanted USD (backed by silver)," but today, backed by nothing, "everyone wants to get rid of them." Buying hard assets is crucial (he has never been more bullish of gold) as we head into a period of stagflation or even high inflation; and as Goodman previously commented "the world is totally upside down right now - it's completely crazy," in fact, he adds, "I'm keen on anything that's going to live with higher inflationary numbers, because I can't see the world getting out of the problems that it's in."

Grab your pre-FOMC popcorn and watch for a brief few minutes as sense is spoken on everything from the reality of the USD reserve currency's dwindling support, the stupidity of Obama's Syrian debacle, China and Russia's deals, the inevitable inflation when "the United States losing the privilege of being able to print at its will."

Goodman warns - "during this period, it is likely to get quite ugly...." and its all related to politics and money... interest rates and confidence will turn overnight... there is no time to hedge when the truth takes place

He goes on to discuss part-time jobs, the understating of employment, the looming US recession, the US can't afford higher rates of interest, don't deserve their bond rating, and will be downgraded...
[...]
And previously Goodman's thoughts (via Financial Post (http://business.financialpost.com/2013/08/08/ned-goodman-ditches-bank-stocks-for-gold/)),


Goodman, 75, said in an interview at Bloomberg’s Toronto office Aug. 1. “I’m more bullish on gold now than I’ve ever been.”
...
“The world is totally upside down right now — it’s completely crazy,” Goodman said, clicking off his Rolex watch and slinking the chain between his fingers. “I don’t know of another time when every country in the world was printing money.”
...
Goodman said he doesn’t know when inflation will rise or how drastically, but that his investment strategy is a pre-emptive strike against that risk.

“I don’t wait for inflation,” he said. “It’s hard to call, but it’s impossible for me to see the U.S. getting out of trouble without printing more money and it’s impossible to see how Europe survives in the form that it’s in. You look around the world and you say: ‘We’re going to have to have some inflation.’ I want to own assets that are inflation-proof.”
...
Miners of precious metals are “dirt cheap,” Goodman said.
...
“I’m keen on anything that’s going to live with higher inflationary numbers, because I can’t see the world getting out of the problems that it’s in.”

Inflation related: Are You Ready For Yellenomics? ["Bernanke on steroids"]
http://www.zerohedge.com/news/2013-09-19/guest-post-are-you-ready-yellenomics

[TER]

A date would be nice.

sounds like its recent (he talks about Syria)

[puppetmaster]

sounds like its recent (he talks about Syria)
i mean a prediction date or close time frame.

[Tod]

He gave this talk September 12th of this year


Canadian billionaire businessman Ned Goodman predicts the end of the U.S. Dollar as the world's reserve currency. He says the transition out of the U.S. Dollar will become, "...quite ugly." He delivered the lecture at Cambridge House's Toronto Resource Investment Conference 2013 on Thursday, September 12, 2013.

[Seraphim]

Slowly...and then all at once.


A date would be nice.

[Cap]

This is telling. This gentleman logically lays out the behind the scenes maneuvering that is taking place abroad pointing to evidence of the dollars demise. Frankly it is indeed frightening and very unsettling to think that the world as we know it is soon to go away. I hope everyone has their ducks in a row.

[LibForestPaul]

Nothing about international banking cartel. Nothing of international banking families. Nothing about private money. Just America, united states, blah blah blah. More smoke being blown up the peoples asses. So when the SHTF, they still will not be able to see.

summary.
American way of life only happened because of Saudi petrol dollar. When your life sucks, it isn't the banking cartels fault. Its just that your life was never worth so well too begin with. Now live like the chinese and enjoy. Excuse me while I count your money, my money. Yes, my money.