Collapse of global monetary system

Discussion in 'Economics' started by Rickard, May 29, 2014.

  1. Rickard

    Rickard Beta Testers

    'Death of money': Author Rickards predicts collapse of global monetary system

    "The collapse of the monetary system awaits the world in the near future, says financial expert James Rickards. Russia and China's desire to rid the US dollar of its global reserve currency status is an early sign of the “increasingly inevitable” crisis."
    Last edited: May 29, 2014
  2. Krabby

    Krabby Beta Testers

    I would like to know how this will effect the cryptocurrency world.
  3. Anima

    Anima Founders Staff Member

    I would like to know if this could be the beginning of a new world war - surely, USA will fight in order to keep it status.. it is a reason they can be very wealthy but not produce that much stuff.

    The impact on a collapse on the world of cryptos depends on wether or not we penetrate to the masses and convince them that government issued currency is not the only way to exchange services and goods.
  4. Sharky

    Sharky Founders Staff Member

    Kremlin's propaganda TV channel is the perfect source for this kind of prediction. :p
  5. SteveNed

    SteveNed Beta Testers

    Plenty of U.S. propaganda sources ( 'news' channels ) reporting similar... Wondering what ever happened to their 'recovery'.
  6. BitButllet

    BitButllet New Member

    I am with SteveNed.

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