In his talk Tuesday, he said a sign of this monetary chicanery is the lack of market volatility. He warned that “volatility has been abolished. This is the most manipulated market we have ever seen in our lifetime and we need to be afraid.”
He added that investors should seriously consider cash because volatility, despite the efforts of bankers and the government, will make a return.
He also contended at the conference that this buying power crash amounts to “a transfer to the top 1 percent, because there is a wealth tax through this insidious inflation.” He said income equality is now greater than it has ever been.
Citing the worthless currency of Zimbabwe, he warned that the cheap money policies of the American government are a “classic banana republic trick.”
He also warned that Trump administration policies will not strengthen the dollar but repeat a pattern of economic history.
“No, he’s not going to make the dollar stronger. He is going to destroy the currency just like every other overindebted nation always must.” Every fiat currency, Yusko says, “will eventually go to zero.”
Cheapening the dollar, he added, will lead to the end of the dollar as the reserve currency. The world, he predicted, will have multiple currencies.