10/13/2023 0 Comments Terry on million dollar pyramidHe claimed a dollar collapse is also underway because the Fed’s manipulations had two adverse effects on the currency: decreasing overall wealth by distorting markets, and redistributing wealth from unsophisticated investors to the political elite through the currency.īurnham said he couldn’t stand getting paid zero interest by Bank of America anymore, and didn’t trust them to keep his money safe. ![]() Harvard economist starts a “bank run” over dollar collapse fearsĬlassical economist and Harvard professor Terry Burnham told the world that he was withdrawing $1 million from his Bank of America checking account because of the negative consequences Ben Bernanke and Janet Yellen have had on the US dollar, and is trying to start a bank run by getting others to do the same. ![]() One economist called for a bank run over the weak dollar.
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