Bob Moriarty on US dollar collapse
by Gigliola: Bob Moriarty
Bob Moriarty, former Marine fighter pilot and founder of 321gold, drops a brutal timeline for empires. He says everybody lasts for about 80 years before stupidity forces a collapse. The US dollar is going to collapse but it won't vanish like a ghost. It just lost most of its value, same way the British pound didn't disappear when it tanked. Debt acts as the destruction of a society according to his read on how these systems rot from the inside out.
Transcript (en)
We've got a situation where everybody laughs for about 80 years, and through stupidity, things collapse. The U.S. dollar is going to collapse. It's not going to disappear in the same way the British pound didn't disappear. It just lost most of its value. We're going to have a credit crisis. The world is awash in debt. We're the richest society in history and the most in debt. And that's stupid. If we didn't have fiat currencies, we wouldn't be this poor. Debt is the destruction of a society. If you enjoyed this, be sure to hit that like button and follow to stay up to date with what's going on in the world and everything else memes and markets. Peace.
