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He's only 43 years too late on the news that the gold standard has been broken. On 15 August 1971, the United States unilaterally terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency. Quoted from...

Not 2016. But at some point the US Government's addiction to debt financing* will, imo, prove calamitous. (*RK has talked about printing money - so he's got his maxim wrong. But the US government continues to spend money it doesn't have). But I don't see 2016 or any time soon as the...