“The market now is broken,” he speculates, pointing to how the BRICS countries like Russia, China, India, Brazil, are “offloading the US treasuries, and buying gold and silver.”
He reminds that they are working on a BRICS currency that “will be each tied to gold that each country owns.”
“We're witnessing something now that, you know, people will look back on… I'm not sure what they'll call it, the great currency realignment, but the reign of the dollar, it's over. It's just like that chicken. You cut the chicken's head off. The chicken can still walk around for a while with its head off, but ultimately, it'll fall over dead. The US currency is in serious trouble,” Woods said.