Billionaire Warns Of Total Collapse: ‘No Way Out… Your Money Will Be Worthless’

In this article billionaire resource investor Carlo Civelli suggests 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.

It seems like governments will print money, increase debt, and experience collapse and hyperinflation only when pumping the economy with insane amounts of unpayable debt finally collapses as a strategy for avoiding the inevitable bust after the boom.  What options do we have available to us should governments take this route? Diversification. You certainly want to make an effort to prepare for a “total collapse” scenario by being ready for the supply disruptions and credit freezes that will be the inevitable result of any currency crash or bond market unraveling. We are seeing exactly this scenario taking place in the Ukraine now, and we recently saw a similar event in Venezuela. Food, gas, toilet paper and other personal items not only exploded in price, but disappeared from the store shelves completely because of supply-line crunches. It’s a scenario that could certainly play out elsewhere as the global crisis accelerates, including right here in America, so having some stockpiles in reserve is not a bad idea.

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.