If you want to know what's going to happen in the U.S., take a look at the U.K., portfolio manager Axel Merk tells the Wall Street Journal.

"If you want to know what's going to happen in the U.S., take a look at the U.K. They have similar economies with similar problems, though Britain is on a much smaller scale," said Axel Merk, president of Merk Investments, a currency-focused firm in Palo Alto, Calif. "This is another sign that these countries are not going to be able to get out of their problems by printing money."