I had an interesting exchange of emails with an economist acquaintance this morning who said, "the dollar is dead John". He went on to say, "the dollar and all world currencies are one catastrophe away from collapsing causing a world depression that would make the 1932/34 depression look like child's play. The trigger could be as simple as the US Debt ceiling not being increased by December 15th".
I asked him what he is was doing and he told me, "buying, buying, buying".
1) Buying food and household supplies. As an example, he told me that he just bought four new tires that will go into the cellar and not on his car.
2) PM's, and
3) Crypto currency. If you are good with #1 and 2 from above, then buy crypto because when the worlds fiat currency's become hyper inflated, there will only be PM's, crypto, and what you have to barter.
He predicts the world financial collapse will come anytime and will hit way before the midterms. It will be the reason to delay the midterms the boomers are waiting for. Jokingly, he told me to, "stop thinking like a boomer". LOL...Okay.
We traded a few more messages and then he asked me, "Do you think it possible that China has infiltrated a million soldiers into the country over the past 20-years? At some point the go order goes out and those soldiers click into action to become a foreign army already in place in North America. No beach assault. No Red Dawn with Russians parachuting in...STOP thinking like a boomer!"
It was an interesting exchange of emails.
Thoughts?
