"The excess money printing is to maintain the house of cards we've built up over decades and decades," says Doug Casey, New York Times best-selling author and host of the Doug Casey's Take podcast. "Central bank digital currencies are like the final arrow in their quiver, and if the public sheepishly accepts CBDCs, we'll be one step closer to the serfs," he warns Daniela Cambone. "The U.S.'s leading export has been dollars, we ship dollars, and they are printed up out of nothing by the Federal Reserve, and they are going to lose the world reserve currency status," Casey continues. "[China and Russia] are trading with each other with gold, the whole world is going go back to gold and people will trade with gold," he exclaims. "There shouldn't be a gold backed currency, gold is currency," Casey makes clear. "The Ukraine-Russia conflict is just an overture... many of the countries in the world today are going to breakup into smaller countries including, Brazil, Bolivia, all the countries in Africa, France, Span and the U.K.," he concludes. Video by Stansberry Research's Daniela Cambone.
Instant access to online trading, anytime and anywhere.
Invest in the world's most popular and sought-after assets. Everything you are looking for in an ultimate investment platform — on the device of your choice.
-$10 Minimum Deposit.
-Free $10 000 practice account.
-Trade 7 days a week, 24 hours a day.
-$1 Minimum Investment.
Try Free Demo Trading >>
