Billionaire Warns Of Total Collapse End Game Scenario: ‘No Way Out… Your Money Will Be Worthless’
by Mac Slavo, SHTFPlan.com
With currencies being rapidly devalued by their respective governments, the global economy in a slow-down, and tensions over resources heating up around the world, it’s time to start considering the endgame.
According to billionaire resource investor Carlo Civelli there is likely no way out for central banks which have spent the last several years printing money hand over fist. Over his decades’ long career Civelli has either managed or financed over 20 companies, many of which now have market capitalizations in the billions of dollars, so he knows a thing or two about investing during boom times, as well as busts.
In his most recent interview with Future Money Trends he warns of an endgame scenario that is nothing short of a total collapse. And here’s the scary part: Civelli says that even gold may not be a safe haven should the worst case scenario play out:
If we all talk about the end game and a scenario of total collapse, I can see the governments telling everybody that your money is now worthless and the bonds you own are now worthless. You all have to take a haircut.
But would they let the people that own gold get away with it? I don’t think so.
In this must-watch interview Civelli shares these and other insights you may not have heard before, along with strategies for crisis-investing that could position you to thrive as the rest of the world plunges into chaos:
We all know the central banks are printing money hand over fist. Hundreds of billions, or maybe trillions are flooding the markets. The ECB, the European bank, is going to do the same here in a week or so.
…obviously the way out of this quantitative easing is very difficult – nobody’s ever done it, and the verdict is still out whether the quantitative easing actually did something good or not. At least it prevented the world from collapsing right now, but what if interest rates really one day have to go back up again to normal levels, and all of these trillions of monies washing around now has to be taken off the market?
Nobody knows what’s going to happen then… But would they let the people that own gold get away with it? I don’t think so.
So the government at that point will say “Okay, guys, whoever owns gold has to give it back to the central bank within a certain period of time, and we’ll pay you whatever the gold price is at that time, less a big haircut.” Don’t forget that until 20-30 years ago, gold was selling at $35 and was fixed at that price, and so whoever owns gold, in my opinion, at that point will not be spared.
There is no way out, so let’s live the good times for as long as they go.
The notion that governments in the United States or Europe would confiscate gold like they did during the Great Depression is chilling indeed. But it is certainly a plausible outcome given our history and how far they’ve already gone.
So what options do we have available to us should governments take this route?