Click here to get this article in PDF
ZeroHedge/Tyler Durden/7-22-2020
“What followed next was shocking as it came from the mouth of a respected legacy banker and not some tinfoil conspiracy theorist: admitting that he is ‘a gold bug’. Reid says that in his opinion, ‘fiat money will be a passing fad in the long-term history of money’, a shocking admission for most financial professionals who are expected who are expected to tow the Keynesian line and also believe in the primary of fiat and its reserve currency, the US Dollar.”
USAGOLD note: Not the sort of thing, as Durden points, one would expect from the lead credit strategist at one of the world’s largest banks, but a warning just the same how perilous the situation can become in the current monetary system.