I saw that 2 weeks ago and his comments are as follows:
1. He says that the massive printing of the US currency is going to catch up to us because massive inflation is coming real hard.....The US dollar will collapse causing high inflation.
2. This guy predicted the fall of GM, Fannie Mae and Freddie Mac too. And that the Fall of the US is coming.
The interest on the US public debt is 1 million dollars per minute. This is true by the way.
China has 1.16 trillion in US bonds and it was 2 trillion.
In his opinion: The US currency will collapse like the British pound Sterling did in the 1970s where inflation was 30% for a while in England.
He says there will be riots in the streets and chaos everywhere and so on......Like the Y2K scare BS.
This may come true, but no one nation controls all the US bonds, foreign investment of US treasury securities is 35% of the total amount of debt out there, China has the most, then other nations, about 15 countries have most of the bonds. I am speaking of the 35%. US citizens/banks/mutual funds hold the other 65%.
This guy says this cause we are coming to a point where we wont be able to legitimately pay the interest on the bonds.
The US still has more war making hardware then any other nation, we still have the best fed people....just look at the obesity.
At the end of his 30 minute video he wants you to subscribe to his newsletter with a credit card so you will know what to invest in. If what he says comes true then we are in for a rough ride, it will make the 1970s inflation look like a picnic. Supply and demand should still work in the free markets favor though.
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