The Four Horsemen of the Dollar Apocalypse

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Uploaded by on Nov 18, 2011

In recent years, it's become conventional knowledge that the dollar's status as the world's reserve currency is under threat. In his new book, Currency Wars: The Making of the Next Global Crisis, James Rickards makes a compelling case for, not just why the dollar will lose its reserve status, but how.

In the book and the accompanying video, Rickards, a veteran investment banker and hedge fund manager, describes four different scenarios by which the dollar will lose its reserve status, which he calls the "Four Horsemen of the Dollar Apocalypse":

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  • I think eventually they will have to return to a gold backed currency. When the dollar collapses (and it will its just a matter of when) people wont give up their precious metals for another FIAT currency. Nobody is going to accept another fiat currency to replace a failed fiat currency.

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