USA Watchdog | July 30 2012
Professional trader Rick Ackerman thinks “the next market meltdown is going to look like the flash crash” of a few years ago. Ackerman is the creator of an investment newsletter called “Rick’s Picks.” He says the dollar is “ultimately garbage” and is backed by “nothing but debt,” but that doesn’t mean the dollar will crash in the near term. Ackerman thinks it’s “going much higher” before it goes lower. He thinks people need to be holding “ones, fives, tens and twenties in a shoe box”when the next crash hits. Ackerman is a long term holder of physical gold and silver coins but says, “In a financial collapse, currency in hand would be coin of the realm,” at least for a little while. Who knows what could cause the next calamity, but Ackerman says, “War in the Middle East would be a severe shock to the system . . . and the system is pretty fragile right now.” Please join Greg Hunter as he goes One-on-One with Rick Ackerman.