GoldMoney's Alasdair Macleod joined us today for an extensive discussion of the collapsing dollar. Alasdair believes that the current state of the Fed guarantees a hyper-inflationary collapse. And that means that investments, savings and pensions will become near worthless. Of course precious metals will go exponential. Real estate and other property will initially lose its value but will recover down the road. Alasdair equates the current situation with France's Mississippi Bubble. John Law controlled the central bank and printed money with complete abandon. In the end disaster resulted and revolution. The Fed is following the same course and we can all expect similar results. Thereby, leaving gold and silver and lead as your ultimate salvation.
Alasdair Macleod is head of research for GoldMoney. He also runs FinanceAndEconomics.org, a website dedicated to sound money and demystifying finance and economics. He has a background as a stockbroker, banker and economist.