Predicts End of US Dollar as World's Reserve Currency
Canadian billionaire businessman Ned Goodman predicts the end of
the U.S. Dollar as the world's reserve currency. He predicts the
transition out of the U.S. Dollar will become, "...quite ugly."
Lecture at Cambridge
House's Toronto Resource Investment Conference 2013 on Thursday,
September 12, 2013.
"In my view, the dollar is about to become dethroned as the
world's de facto currency. I'll tell you how I came to that
conclusion so quickly... the new President of China, Xi Jinping,
his first visit on the day of his becoming President, was at his
request to meet with Mr. Putin. And he immediately made a deal
with Mr. Putin to get all the oil that he needs, which he can
buy in Renminbi."
"We're headed to a period of stagflation, maybe serious
inflation, but stagflation for sure, and the United States will
be losing the privilege to print at its will, the world's
reserve currency. A period that's going to be very inflationary,
and I can tell you that before that happens, it is likely that
it is going to get quite ugly." - Ned Goodman
What's your response?
Scroll down to add / read comments
Please read our
Comment Policy before posting -
We ask readers to play a proactive role and click
the "Report link [at the base of each comment] when
in your opinion, comments cross the line and become
purely offensive, racist or disrespectful to others.