With continued uncertainty in global markets, today legend and 60-year market veteran James Dines told King World News that we are headed for a global crisis as government bonds are going to crash.
The Mania In Bonds Is Over
James Dines: “Run for your life, I think these government bonds are going to crash. The real signal was when government bonds yielded less than zero percent (laughter). When you have to pay somebody to lend them money you know you are at a very critical mass psychological mania.”
Eric King: “We’ve talked a number of times about the Fed being trapped. What about the Fed?”
James Dines: “The Fed is greatly exaggerated. The real problem is that we’re printing way too much money and we’re running up too much debt. And the Fed just engineers paying for it — that’s all…
In a King World News interview I spoke with the man who predicted the Swiss National Bank would experience staggering losses and that the Fed would also experience massive losses that will destabilize the global financial system! His company is the only one in the world offering a precious metals investment service outside the banking system, with direct ownership and full control by the investor. He has also become legendary for his predictions on QE, historic moves in currencies, and major global events. To find out what he and his company can do to help answer that age old question for you CLICK HERE.
James Dines continues: “But the real problem is fiscal. We have an irresponsible government. They’ve squandered trillions of dollars around the world and gotten nothing for it. Not peace. Not love. Nothing. We’re hated and the world keeps getting more dangerous.
The printing of money is the problem — this is what I foresaw in my book The Invisible Crash. And because there’s no link to gold, they can print whatever they want. People don’t comprehend that you don’t just print paper. It’s fiat money. And too many people don’t even know what the word fiat is.
We’re Headed For A Global Crisis
So they can just print whatever the hell they want and it gets into astronomical numbers. The U.S. already has a debt of $20 trillion. And when you ask somebody what a trillion dollars is, they can’t answer it. I’ll give you an example: If you spent one million dollars a day, every single day, since Jesus was born, you could not spend one trillion dollars.
We are now $20 trillion in debt and going further and deeper, one trillion dollars a year or more. And it’s clearly unpayable. We can’t earn that much money or cut back spending to pay for that. We can’t even balance the budget. So we’re headed for some kind of a (global) crisis…KWN has now released the remarkable audio interview with legendary James Dines and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: DANGER: Multi-Billionaire Hugo Salinas Price Just Issued A Dire Warning To The World CLICK HERE.
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