The World Is On The Verge Of Monetary And Financial Chaos
KingWorldNews.com
July 26, 2016
As global markets await the final day of the Fed meeting, the world is on the verge of monetary and financial chaos.
This note from the late, great Richard Russell is perfect as the Fed heads into the final day of its meeting: “As for the dollar, it is currently seen as the only safe haven currency on the planet. Since the current fiat dollar is a fantasy created by the Fed, I have little faith in its future.
Over the next few years I envision the collapse and probably the extinction of all fiat currencies. In my opinion, the creation and acceptance of fiat currencies is a great evil that has befallen the economies of the world since the first central banks were established. Example: the Federal Reserve was created in 1913, and since 1913 the purchasing power of the dollar has declined by 97%. The 1913 dollar is now worth three pennies.
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