September 11, 2008









While the demise of the U.S. dollar is inevitable, other paper currencies around the world are no better off. The huge increase in money supply of the Canadian dollar (colloquially referred to as the Loonie after their one-dollar coin), Indian rupee and euro show that other central banks are being just as reckless in their creation of artificial wealth as the U.S. Fed has been. (In case you’re wondering, U.S. money supply, M3, has risen 600% in the past 27 years.)

As Doug Casey has said: fiat currencies do not float, they sink at different rates.

Central banks’ misuse of their virtual printing presses is one of the major factors moving the world toward a financial crisis of unprecedented proportions. Doug Casey will provide more information about this in tomorrow’s Crisis & Opportunity Update webinar.

He will be joined in a round-table discussion by Managing Editor David Galland, Chief Economist Bud Conrad, and Economist and Senior Editor Terry Coxon in this first-of-its-kind online event. The webinar is free to all, but you must sign up before midnight tonight (September 11, 2008) to hear these top minds voice their thoughts about how to prepare for and how to profit from the deepening economic and financial crisis. Click here to learn more and register now.

 


 
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