LSE Professor warns of massive dollar collapse

Daily Telegraph – Americans must prepare themselves for a massive collapse in the dollar as investors around the world dump their US assets, a former Bank of England policymaker has warned. MPC founder member Willem Buiter. Photo: CHRISTOPHER COX The long-held assumption that US assets – particularly government bonds – are a safe haven will soon be overturned as investors lose their patience with the world’s biggest economy, according to Willem Buiter. Professor Buiter, a former Monetary Policy Committee member who is now at the London School of Economics, said this increasing disenchantment would result in an exodus of foreign cash from the US. Read Article

Ed – And out of the ashes will arise the Amero to “rescue” the NAFTA countries

Tags: 2nd Great Depression, debt & wealth, financial system, New World Order, North America