russian dollar dump could crash financial system
We just received a message from Pastor Lindsey Williams, on an article published today at USAWatchdog:
“This could very well happen. Personally I think it will. People must make all final preparations.”
“GOLD IS THE ONLY HEDGE!”
Economist John Williams says if Russia sells its US dollar holdings, it could trigger hyperinflation. Could it crash the financial system?
“Yes, it certainly has a potential to do that. Looking outside the United States, there is something over $16 trillion dollars in cash or near cash. That’s about the same size as our GDP. If the rest of the world believes this is what’s going to happen, people who have been wanting to get out of the dollar for some time very easily could front-run the Russians. The scare is on. People will try to get out of it as rapidly as they can. We have not seen an economic recovery. We have not seen a return of health to the banking system. So the system is very vulnerable and if the Russians carry through with their threat, you have indeed the risk of it collapsing the system.”
On the overall economy John Williams says, “It is rolling over and the numbers are starting into a new recession.”
Pastor Williams says “Gold and silver are the currency of the Elite”. If you haven't already obtained gold and silver to hedge against what could possibly happen in the next few days or weeks, contact your trusted gold bullion dealer today.