Death Spiral To Accelerate?
Even if the Iran War gets sorted out quickly, there will be some extreme consequences, says John Rubino, a precious metals advocate and financial analyst. Rubino looks for the American currency to continue to lose its value, and hyperinflation to become more persistent, perhaps even at an accelerating pace.
Rubino thinks you will be seeing $15,000 per ounce gold and $300 per ounce silver, but he can’t say exactly when. He just knows it will happen because with fiat currencies, history always repeats.
Rubino says, “This sounds crazy now, but they are probably going to happen. That is just how currency collapses play out. We have seen hundreds of currencies in human history that have died. Just Google hyperinflation, and you will see a list of name brand countries that destroyed their currency. They rode them down to virtually zero. It’s hyperinflation, and something like that is coming. . .. We should not even think about it in terms of dollars, just buy it (physical gold and silver) to have real money.” He discusses the situation with Greg Hunter on USAWatchdog.com.
