Axel Merk: Beyond the Fiscal Cliff−The Dollar At Risk
Three scenarios that put the bond market in jeopardy
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Jim welcomes Axel Merk, founder of Merk Investments LLC. Axel discusses the potential risk to the US dollar, beyond the issues of the Fiscal Cliff. He also discusses three scenarios that put the bond market at risk going forward. Axel notes that unless Medicare is truly reformed, it will cease to exist in the future. With the rising cost structure and arrival of the baby boomers, there are simply not enough wealthy people to tax to save the system.
Axel is the Founder and President of Merk Investments LLC and the author of Sustainable Wealth: Achieve Financial Security in a Volatile World of Debt and Consumption. Merk is considered an expert, providing insights on macro trends, hard money, international investing and building sustainable wealth. An authority on currencies, he pioneered the use of strategic currency investing to seek diversification.