We all know the paper crash is coming, and those who are not prepared may well lose everything. In fact, Ron Paul just released a statement proclaiming that the Federal Reserve is cornered and that "economic catastrophe" is near. Dr. Paul says, "The no-win situation the Fed finds itself in is a sign that we are reaching the inevitable collapse of the fiat currency system."
So if you are among the few with the eyes to see and the ears to hear, it's not too late to heed these warnings - and prepare. As is so often said, "If you don't hold it, you don't own it." So what can you do to protect those assets you have in IRA accounts, or that old 401k from a previous job? Will Lehr, Managing Director at Perpetual Assets joins me to discuss the impending collapse of the US Dollar, the surge in silver and the options you have to save your paper assets from the coming crash.
Fake news and Fake assets are everywhere. Let’s start with social media which dominates major parts of the world. Facebook, for example, has 2 billion active users. WhatsApp has 1.2 billion users and Instagram 700 million. There will obviously be quite a lot of overlap between the various social media. But what it is clear that these three apps reach billions of people and their power is much bigger than that of any other media; Social Media has more impact than newspapers or television and is the only media that 2-3 billion people follow regularly. Most people, and in particular young people, don’t watch television and don’t read the papers. They get all of their “news” from social media.
Social media is instant gratification. You post something or you send a message and you get a message back or a number of likes which generates dopamine and makes you momentarily happy. But as I have experienced from our many grandchildren, social media is a perfect source of Fake news. Many young people using social media will be receivers of Fake News or bullying. Social media is perfect for spreading false rumors which are very often difficult to get rid of. Trump’s Twitter account is another example of alleged Fake News. Trump accuses the papers and television of Fake News and they accuse him of the same. This is the world we live in today – a world with Fake markets, Fake assets, Fake values, Fake money, Fake people and Fake news.
Thanks for tuning in.