Nothing Can Stop Currency Crisis & War Crisis – David Morgan

July 03, 2023

by Greg Hunter USA Watchdog

Economic analyst and financial writer David Morgan went against the majority of financial gurus and predicted at the end of 2022 that there was no way the Fed was going to cut interest rates. He said on USAWatchdiog.com in December, “Cut Interest Rates & Dollar is Done, Toast, It’s Over.” Fed Head Jay Powell said this past week the Fed was raising interest rates at least two more times to “fight inflation.” This was a direct hit by Morgan. Morgan sees a coming currency crisis and a war crisis. Morgan explains, “Yes, we have both a currency crisis and a war crisis. Let’s start with the currency crisis. My favorite phrase for what is going on is ‘All fiat currency fails.’ We have never seen a time in all of recorded history that an unbacked currency does not go basically and effectively to zero. When you say that ‘All fiat fails,’ there is a subgroup that says, yeah, but not the U.S. dollar. . . .I don’t know how many people have given me pushback on that statement from all over the world. . . . When I say fail, I don’t mean it goes to absolute zero. What it means is a currency fails and a new system is implemented. . . . History is on my side. . . . The precursor to this is what takes place. Substitution. What is substitution? Crypto currency and gold and silver, of course. . . . and things like people going off grid. All of these are indicators of how to mitigate the end of the U.S. dollar or the end of the currency crisis. We have this all over the place. . . . Sooner or later, there will be a run for the exits. Where are the exits? Crypto currencies, gold and silver, barter clubs or the BRICS currency.”