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A financial system collapse is coming, and the trigger will certainly be raging inflation, stated Lawrence Lepard, Equity Monitoring Associates managing companion.
" We have actually reached peak financial debt and peak cash publishing as a remedy to our issues. The development of the money supply has actually practically gone upright", Lepard informed Michelle Makori, editor-in-chief of Kitco Information. "And also this is exactly how rising cost of living, which might come to be devaluation, get started."
The system is broken and requires a reset, Lepard stated, keeping in mind that the U.S. dollar "as we know it" will certainly fall down throughout this years.
Follow Michelle Makori on Twitter: @MichelleMakori ()
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The U.S. dollar 'as we know it' will be dead in 10 yrs, bitcoin price to hit $2 million in 5 yrs
A monetary system collapse is coming, and the trigger will be raging inflation, said Lawrence Lepard, Equity Management Associates managing partner.
"We've reached peak debt and peak money printing as a solution to our problems. The growth of the money supply has almost gone vertical", Lepard told Michelle Makori, editor-in-chief of Kitco News. "And this is how inflation, which could become hyperinflation, get started."
The system is broken and needs a reset, Lepard stated, noting that the U.S. dollar "as we know it" will collapse during this decade.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
Subscribe to our channel to stay up to date on the latest insights moving the metals markets.
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