The boom is over. The collapse is imminent. The dollar is doomed.

_{(This is a re-post of Post #1 in the series, as the original did not appear on SteemLeo.)}

Peter Schiff –
"Everyone Should Ditch the Dollar"

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Flash Points

1 – The extended boom is over, and the bubble has popped.
2 – People need to abandon the dollar, as well as any other fiat currency.
3 – All fiat currencies are doomed, and we should buy safe-haven assets.

 – Summary –

The US dollar is doomed, according to Peter Schiff, the CEO of Euro Pacific Capital.

He recently stated that the years-long stock bubble has already popped, and that the economy is obviously slowing down. 

Don’t Worry. Be Deluded. Be Happy.

Schiff pointed out that the Fed is trying to “maintain false consumer confidence.”  In other words, the Fed already knows that the economy is crashing. But they do not want poor suckers like us to realize it, as that would simply hasten the collapse.   _{(Image source)} 1

– Insight from Outside –

A brief study of historical facts highlights the fate of all global reserve currencies. (see chart) Any reserve currency lasts for about 100 years, before being debased by the fools in power.  

Collapse Ahead. Hang on.

The US dollar is nearing its 100th year as the world’s reserve currency. Given the increased and increasing internationalization of the world economy over the past century, we can be certain that the death of the US dollar will have greater ramifications than the collapse of any previous reserve currency.   

Furthermore, the ever-incompetent Fed is doing whatever it can to prevent the inevitable slide into what Gerald Celente calls “The Greatest Depression.”   It’s printing truckloads full of fake fiat money, and spending that money as if there were no tomorrow.    

Hang on. Hang on tight.   _{(Image source)}

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