KING WORLD NEWS - BLOG
BROADCAST../../../../Broadcast/Broadcast.html../../../../Broadcast/Broadcast.htmlshapeimage_6_link_0
HOME../../../../King_World_News.html../../../../King_World_News.htmlshapeimage_13_link_0
BUSINESS../../../../Business.html../../../../Business.htmlshapeimage_14_link_0
GREEN../../../../Green.html../../../../Green.htmlshapeimage_15_link_0
HEALTH../../../../Health_1.html../../../../Health_1.htmlshapeimage_16_link_0
ENERGY../../../../Energy.html../../../../Energy.htmlshapeimage_17_link_0
SPORTS../../../../Sports.html../../../../Sports.htmlshapeimage_18_link_0
GOLD+../../../../Gold.html../../../../Gold.htmlshapeimage_21_link_0
 

Eric Sprott continues:


“I just think it’s a false flag that all of the ingredients for a very strong market are there.  (In reality) all of the ingredients for a very weak economy are there.  When I have to imagine buying a bond or a stock vs gold and silver, I can only come to one conclusion, we have a huge fight on our hands. 


And the fight is the mainstream wants to suggest that gold is not good.  We have these very abrupt things (smashes) go on in the (gold) market.  Look at yesterday’s action....


Continue reading the Eric Sprott interview below...




Advertisement


To hear what billionaire Eric Sprott & Rick Rule are doing with their own

money and which $10 billion company John Embry &

Dr. Marc Faber oversee click on the logo:













“I suspect there was one reason, we (the West) want to keep the inflation signals off people’s radar screen.  But I don’t think they (Western central planners) are going to win.


If everyone continues to print like they have, and there is certainly no sense that anyone is stopping, in fact, there is even more printing now than the last time we spoke and by a large factor, the price of gold and silver have to go to new highs here.  That’s fully what I expect to see happen this year.


Eric, one of the issues that all of us precious metal investors have is the (mining) stocks have acted very poorly.  I’ve always said the reason the stocks act poorly is because we can’t get momentum in the gold price.


The move up to $1,750 was accompanied by some rally in the gold stocks.  The first move the stocks went up something like 35%.  Then we get this pummeling going on that is totally orchestrated, and people lose their nerve on these things.


But with all of the data that is available to them, with some simple analysis of where we are, I mean we are in the biggest Ponzi scheme of all-time.  We are just printing money and people have to realize it’s not a winning proposition.


We have been doing this since 2008.  We get program after program.  We’ve been doing it since 2000 in Japan.  All to no effect.  All we end up with is a stretched out balance sheet.  Sooner or later we are going to pay the piper for it, and when we pay the piper, you better be in gold and silver, other precious metals and real things.”


Eric King:  “You said we are in the biggest Ponzi scheme of all-time, is 2013 the year that starts to unwind?”


Sprott:  “Well, that really is the $64 million question isn’t it?  We have to be getting close.  Look at the degree of printing now.  We’re up by a substantive amount whether it’s the Japanese, or every month we seem to have a new program with the doubling of the purchases by the Fed that start this month, or Mr. Monti, ‘We’re going to do everything we have to do.’ 


It’s totally ridiculous.  If people want to try to fade the Fed and play the game, you can do that.  I can guarantee you in the long-run it will all fail.  Think about what’s going on in Europe today.  They are back in recession.  We have all of these programs and we’re back in a deep recession.


So these policies don’t work.  They never were going to work.  Everyone wants to believe in them, but they are not going to work.  The only thing that’s going to work in the long-run is that real assets will outperform paper assets.”


This is the second in a series of interviews with Sprott that will be released which reveals the increasingly desperate situation that Western central planners face going forward.  The written portion above is just a small part of this extraordinary interview with Sprott. 


Sprott discusses the recent action in gold and silver, the fragile nature of the current financial system, and the frightening reality of what the West faces as we go into the new year.  This is also the first interview where Sprott gives his predictions and outlook for 2013.  In addition to the written interviews which will be released, the KWN Eric Sprott audio interview is available now and you can listen to it by CLICKING HERE.


The interviews with Eric Sprott, Art Cashin, Stephen Leeb, John Embry and John Mauldin are available now.  Also, be sure to listen to the other recent KWN interviews which included Michael Pento, Egon von Greyerz, Gerald Celente, Andrew Maguire, James Turk, Rick Rule, Nigel Farage and Bill Fleckenstein by CLICKING HERE.


© 2013 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

To return to BLOG click here.


 
 
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.html
KWN BLOGhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/KWN_DailyWeb.htmlshapeimage_25_link_0shapeimage_25_link_1

© 2013 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.

Subscribe to RSS
CLICK HEREhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/rss.xmlshapeimage_28_link_0shapeimage_28_link_1
KWN Blog
Archiveshttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlhttp://kingworldnews.com/kingworldnews/KWN_DailyWeb/Archive.htmlshapeimage_29_link_0shapeimage_29_link_1
http://www.kingworldnews.com/kingworldnews/Broadcast/Broadcast.html