Eric King:  “John, what are your thoughts as you watch the central planners destroying the United States?  You are outside of the US now, but what are your thoughts as you watch this happening?”

Embry:  “As I said, I’ve always loved the United States, and I looked to them as a beacon of hope and reason when I was younger.  But what I see going on in the US now is almost inexplicable to me.  Central planners kept pushing the US forward to the extent where you are now in a debt situation which is absolutely impossible to fix....

Continue reading the John Embry interview below...


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“There are two possible outcomes:  Either you are going to have a debt deflation, which will be so catastrophic it will make us long for the days of the Great Depression of the 1930s, or we are going to have some form of hyperinflation, which I think is actually the worst outcome. 

But in either instance we have a very hard future ahead of us, and the vast majority of people have absolutely no idea what kind of disaster is headed our way.”

Eric King:  “Yesterday William Kaye was speaking to KWN about the looting of gold out of the ETF GLD.  John, when you stated earlier that ‘There is no rule of law in the United States anymore,’ and apply it to markets like gold and silver, it’s the corrupt central planners that, as you said, are trying to destroy people who are investing in assets which are designed to save them from what is still to come in this end game.”  

Embry:  “That is absolutely correct.  I have always believed that GLD and SLV were set up for the express purpose of taking up real demand for gold and silver, while at the same time providing a supply of physical gold and silver when the cartel would require it.

That is exactly what has been going on in these ETFs.  I think Kaye’s point is well taken because they have taken a lot of gold out of GLD this year, and that’s one of the primary reasons they have been able to meet the insatiable demand for gold as they have jammed the price of the paper markets lower.

But none of this should surprise anybody because the entities who act as the ‘custodians’ for GLD and SLV are the same bullion banks who have been involved in the long-term suppression of the gold and silver prices.”

Embry added:  “I’ve known Pierre Lassonde for a long time.  I’ve got a lot of respect for the guy.  He’s a smart guy, and he’s been a real ‘Dean’ of the gold industry, and he’s done some great stuff for the gold world.

But his comment last week that the central bankers don’t even pay attention to gold, that it isn’t even on their radar screen, is probably the most wrong-headed comment that I have heard in my lifetime.  What prompted him to say that I have no idea.  But I just want to tell KWN readers that it’s wrong.

One of the most important things on the central bankers’ radar screen, if not the most important, is their mortal enemy -- gold.  And they are thinking about gold, and working on this market virtually every hour of the day.”

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