Doug Casey: “Powers Of Darkness” At Play With Coming Digital Dollar
- Doug Casey: “Powers Of Darkness” At Play With Coming Digital Dollar
by Daniela Cambone, via https://www.zerohedge.com/
“There’s something seriously wrong — the world’s financial system is teetering on a knife’s edge,” NYT best-selling author Doug Casey warns me in my latest episode, where we explore real inflation readings and why Casey says you cannot trust the U.S. government’s official outputted figures.
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Casey declares that inflation values in the United States range from 15-20%, and are increasing yearly at that rate, which spells bad news for the dollar. “The U.S. dollar has been at increasing danger for decades and has gotten to a critical level,” he says, promulgating the question – what is the next world reserve currency, and when will the transition happen?
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Casey tells me it will happen slowly over a generation and attributes a, “terminally bankrupt,” U.S. government as the culprit for this massive overhaul. The, “[U.S. Government] faces severe danger by digging the deficit hole deeper,” he says, as economic sanctions continue to ramp up in a global effort to combat geopolitical aggression helmed by Russia.
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“The digital dollar is going to happen,” the best-selling author of Crisis Investing tells me with full confidence, comparing its creation to Powers of Darkness being at play.
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“[It’s] going to be one of the biggest disasters that’s ever been visited upon people,” Casey grimly predicts due to the gradual control governments have had over their respective populations.
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“I think we’re going back to gold,” as the most trusted global reserve exchange, Casey continues. “I think it can go a lot higher because there’s going be a panic in gold,” stating it is not cheap, but aligns with a larger theme the gold community has been underscoring to me for a long time… and this transition may be closer than most investors recognize.
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