Will the Dollar Collapse in 2013?July 26th, 2011
When we made our movie, we were predicting that our rebels would encounter a collapsed dollar in 2019, which would trigger them to make silver coins to use as money rather than use the worthless greenbacks. However, if recent events are any guide, and if we follow the economic model of Ray Dalio, it could be a lot sooner.
In an interview with the New Yorker, Bridgewater Hedge Fund chief Ray Dalio presented a rather shocking prediction regarding the dollar. According to Mr. Dalio, the US could cause a worldwide collapse in its currency and the bond market by 2013 if it continues to borrow money. In his prediction, the US will simply print money to pay off its debts, which will result in hyperinflation and a bond market crash, reminiscent of Weimar Germany in the 1920′s. Also, the Eurozone nations of Europe, whose currency is tied to the European Central Bank, would only experience “classic depressions” because of the ECB’s inability to print money at whim (one of the few positive things you can say about the euro right now), yet is struggling to keep the eurozone together with the ongoing debt crises that plague the continent.
In our movie, the crash of the dollar led to government taking almost absolute control over the economy, and forced rebels to take monetary sanity into their own hands by minting silver coins. Perhaps we should fast-forward the story, it might be coming sooner than we all think.