James Turk: Dollar Will Eventually Go Over the Cliff!

Socio-Economics History Blog

  • James Turk: Dollar Will Eventually Go Over the Cliff! 
    by Greg Hunter’s USAWatchdog.com 
    Gold expert James Turk says the U.S. dollar is not going to stay strong. Turk contends, “Canada, one of the closest allies of America, just announced a Chinese trade arrangement to deal in Chinese yuan with Canadian dollars.  That bypasses the U.S. dollar.  So, the outlook for the U.S. dollar is not good, despite this temporary strength that we are seeing now. It’s not good and, to me, the writing is on the wall for the dollar.”

    Turk goes on to say, “What the U.S. government will do, though, is everything in its power to protect the dollar’s position, and that means more capital controls.  There are already capital controls in place.  It’s almost impossible for a U.S. citizen to come over here in Europe and open a bank account.  They just don’t want…

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