Regular readers know that Doug Casey believes America is on the brink of a major and unprecedented currency collapse, similar to what happened in Argentina in 2001, when the Argentinian peso lost over 70% of its value in a matter of weeks.
If you aren’t familiar, Argentina’s currency collapse caused 50% of the population to drop below the poverty line practically overnight. Unemployment skyrocketed to 25%, and citizens rioted as the government placed restrictions on bank withdrawals.
Doug says this crisis will be much more severe, different, and longer lasting than what we saw in 2008 and 2009. He believes the U.S. dollar will rapidly lose value, causing major American banks to fail and the stock market to plunge.
The bottom line, according to Doug, is that anyone living in the U.S. or who has assets priced in dollars is at serious risk right now.
This is why we recently put together an online video presentation explaining how to prepare yourself and your finances for a currency collapse here in America.
Watching this presentation could save you from getting bankrupted by the crisis. Click here to see why.