Billionaire Goodman: US Will Lose Reserve Currency Status, Chaos Will Ensue

Canadian billionaire businessman Ned Goodman predicts the end of the U.S. Dollar as the world’s reserve currency. He predicts the transition out of the U.S. Dollar will become, “…quite ugly.” He delivered the lecture at Cambridge House’s Toronto Resource Investment Conference 2013 on Thursday, September 12, 2013.

  • MJ Darling

    This year’s deficit reduction will be the fastest reduction since World War II. What in he++ are you talking about?

    • Samson

      So. Still adding to the debt.

    • Michael Suede

      deficit reduction != debt reduction

      • ObamaIsFailing

        That is not true. Deficit reduction does NOT equal debt reduction. The deficit reduction simply means you are borrowing less than you used to. The debt has almost doubled since Obama took office. He is responsible for 7 trillion dollar increase. All other presidents combined since the nation’s founding only spent 10 trillion.

        An easier explanation for the “deficit”. Imagine a family stating we are now only putting $800 a month on our credit card instead of $1000.00 per month. Your deficit has decreased but your debt still is going up.

        By the way, Obama may have cut his deficit but his deficit is still higher than the deficit was in 2008.

        • Michael Suede

          ” !=” is programmer code for not equals.

          • ObamaIsFailing

            My apologies Michael. I didn’t know that. Thanks.

  • MJ Darling

    Ned Goodman said the DEFICIT was increasing. This is not true. Without destroying the economy further than Cheney & Co. did, this administration is reducing deficit as fast as possible. Then the debt.

  • omg1172012

    The world is looking at 2/3 of annual budget spending in US is on Social Progams. They see a weak and lazy citizentry created by LIBS. I wouldnt want the falling dollar as the worlds reserve currency either. More people sitting on their duffs equals more printing and lower value.
    Its the LIB death spiral.