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John Hathaway continues:


“If you look at Europe, that’s a farce.  I’ve given up watching what’s going on in Greece.  If they have an agreement, you can bet it will fall apart within a month of them signing it.  Europe hasn’t been solved.  So anybody with liquid assets in this world, given this macro climate where financial repression is the avowed policy of treasury departments and central banks around the world, you’ve got to think about gold.  And gold is not a trade.  You don’t do it to make money, you do it to protect capital.


The wind is totally at our back (and) there are so many green lights flashing for people to move money into gold.  It’s a very powerful setup for gold to move higher.  As a veteran of markets I think a bottom is in place for gold, (and setup) to make an attempt at new highs.....


Continue reading the John Hathaway interview below...  




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“But that’s all short-term stuff.  I mean think about what’s going on in this world.  Like a python you are basically being strangled on all kinds of economic freedoms.  Rights of private property and personal liberty are under attack everywhere.


The basis of a free society is sound money and when you see those freedoms under attack, it’s almost essential to have some optionality in terms of future purchasing power should these things get worse.  Gold is the best answer.  Gold is a necessity to get through these times.” 


Hathaway also added: “About those employment numbers, when you strip away all of the seasonal adjustment and other touches the BLS added to them, you can conclude they weren’t very strong at all.  I think Bernanke knows that.  For the CNBC crowd who is cheering the economy on, I don’t think the January employment numbers made any difference in the bigger picture because they weren’t that strong.


There were actually 2.6 million jobs lost in January and the BLS is actually able to cover that up with adjustments for factors like people who had to stay away from work because of weather.  So the jobs data is among the most corrupt and lacking in credibility of any stats the government puts out and Bernanke knows that.


I don’t think Bernanke is going to budge from his policy of zero interest rates for the next couple of years.  But the big picture is the Fed is going to stay easy until Bernanke is no longer the Fed Chairman.”  


The KWN interview with John Hathaway is available now and you can listen to it by CLICKING HERE.


© 2012 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


Eric King

KingWorldNews.com

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