This guy may be right, but I distinctly remember similar “economic collapse” scenarios being promoted back at least as far as the mid-70s. Lots of them associated with best-selling books.
If you predict disaster long enough, sooner or later you’ll be right.
I made a hunk of change from mid-70s to 80 investing in gold. For a time, this market makes me happy b’cause I’m doing the same thing now. I’ll be watching carefully for the exit, however, just as in ‘80.