040 – The Future of the US Dollar – with Jay Peroni
On this week’s show we were joined by Jay Peroni. Jay started Faith Based Investor and is its lead financial adviser.
Today Jay shares with us his financial forecast for the American dollar. Jay explains that 100% of all currencies that have stopped backing their money with gold have failed. Jay shares with us the following 7 steps that other currencies have experienced.
1. starts good and is backed by something – typically gold
2. the country develops
3. political influence grows and so does the military
4. military becomes strong and expenses rise
5. country prints money to help meet financial obligations
6. inflation occurs because of step 5
7. currency collapse
2. the country develops
3. political influence grows and so does the military
4. military becomes strong and expenses rise
5. country prints money to help meet financial obligations
6. inflation occurs because of step 5
7. currency collapse
Jay explains that he does believe that the US Dollar will eventually collapse but it won’t be an overnight experience and it isn’t something we need to fear.
Jay gives us some advice on what types of businesses will be able to survive during these troubling times. He also helps us to understand where gold is headed as an investment and how we can take advantage of it without getting into the ditch.
Jay shares with us his personal story on how he ended up starting Faith Based Investor. You can learn more about his VIP membership by visiting http://faithbasedinvestor.com/offer.
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