End of the Dollar Predicted

World-renowned gold analyst Alf Field speaking at the
GoldRush 21 conference held in Dawson City, Yukon Canada
on August 7-9 2005.



At the time, he predicted the current crisis and sees
end of the dollar around 2010




THE CURE

The cure must be the creation of a new international monetary system based on the principles of sound money. Sound money requires the removal of the ability of politicians and central bankers to create new money at will.

This is obviously easier said than done.

It is unthinkable that politicians and central bankers will give up their existing sovereign situations without a major fight. That unfortunately means that the world’s economic and financial condition must deteriorate to such dire depths that a point will eventually be reached where a consensus will emerge that something radical must be done about it. One shudders at the thought of the awful economic, financial and social consequences that must occur in order to reach that stage.