Armstrong Economics Blog/Banking Crisis
Re-Posted Aug 15, 2017 by Martin Armstrong
QUESTION: Thanks for this free advice. But, in this comment: “/our-european-tour-part-ii-seizing-all-bank-accounts-throughout-eu/” You write: “Clearly, people should be fully aware of the thinking process in government. Brussels will become authoritarian when the free markets rain on their parade. I strongly recommend that everyone should keep 30 days worth of cash to cover your basic needs.”
But, it is better in dollars that in euros, no?
Thanks for all,
ANSWER: Yes, the dollar will rise after this year from Political Hell. Keep in mind that a rising dollar will break the world monetary system – not a weak dollar. Keep in mind that the entire system is headed to a reset probably no later than 2021. So we are not talking about long-term decisions here. You have to stay fluid about this.