Ned Goodman, a Canadian billionaire businessman, addressed Cambridge House’s Toronto Resource Investment Conference a few weeks ago. While Goodman’s delivery is subdued, his message could not be more important. Goodman believes the US is already in a recession and reviews the reasons why the international community is beginning to turn its back on the US dollar.
“The Chinese have 3 1/2 trillion US dollars and they’re spending these dollars as quickly as they can. And it will not be long before the rest of us in the world and the US will be thinking likewise… In the ’30s everyone wanted US dollars. Today, everyone wants to get rid of them. Buying hard assets is what you’ll hear from many people…”
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Dollar Is Being Dethroned as World Reserve Currency (Video)
Ned Goodman, a Canadian billionaire businessman, addressed Cambridge House’s Toronto Resource Investment Conference a few weeks ago. While Goodman’s delivery is subdued, his message could not be more important. Goodman believes the US is already in a recession and reviews the reasons why the international community is beginning to turn its back on the US dollar.
Follow us on Twitter to stay up-to-date on Peter Schiff’s latest thoughts: @SchiffBlog
Interested in learning about the best ways to buy gold and silver?
Call 1-888-GOLD-160 and speak with a Precious Metals Specialist today!