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“I think the US stock market is building a massive rounded top, and when it finally buckles it will probably be the start of the end game.  The volume keeps declining as the markets rise.  This is not a good pattern when viewed from a historical context.


So the whole situation we find ourselves in makes me very uncomfortable.  The mainstream media continues with its propaganda in order to mislead people regarding the true state of the economy.  At the same time the markets keep being propped up by the Fed, and gold and silver are being wildly suppressed.


The suppression of the metals is taking place to keep people believing everything is fine....


Continue reading the John Embry interview below...




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“So this is where we are today and it has frustrated some investors, but it will end the way all bubbles end, badly.


I think Jim Sinclair coined one of the great lines of all-time when he was talking about Ben Bernanke, who had essentially said he could have prevented the 1930s depression because of his monetary approach.  Sinclair stated that had Bernanke used that approach (printing money) in the 1930s, it would have simply led to a longer, deeper depression which would simply have started later. 


I think the exact same thing is going on right now.  Because of all of the financial innovation, they (central planners) have been able to stretch this thing out, and get more and more leverage into the system.  This means that the end will be that much more difficult than if we would have taken the pain earlier and recast the system.


Right now there is this growing belief that the US economy is rebounding in a robust manner.  The reality is that much of what is being reported is propaganda and government manipulation of economic numbers.  I don’t see how the economy cannot run into trouble in the near future.  In an over-indebted economy you really can’t get it to grow sustainably by creating more and more debt because the problem in the first place is the debt. 


So I’m watching the economy and waiting to see if it begins to follow in the path of Japan, Europe, and most of the rest of the world which is struggling mightily.”


Embry had this to say regarding gold:  “The paper manipulation of the gold market has had a significant impact on people who don’t understand what is really happening here.  At this point we know they can create an infinite supply of paper to suppress the paper side of the market.  Although this may be discouraging to the smaller players in the market, for the entities such as Russia and China, they are just using the low price to continue their massive accumulation of physical gold. 


I would also add that it is catastrophic the central planners have now revealed they are prepared to steal money out of bank accounts.  As soon as this is done in a larger country such as Spain or Italy, confidence will collapse and the end game will really move into high gear.”


KWN has released the tremendous interview with Egon von Greyerz and you can listen to it 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.


The audio interviews with John Maudin, Egon von Greyerz, Rick Rule, Bill Fleckenstein, Dr. Paul Craig Roberts, Gerald Celente, Michael Pento, Nigel Farage, Eric Sprott, and Rob Arnott are available now.  Also, be sure to hear the other recent KWN interviews which include Marc Faber, Felix Zulauf and Art Cashin by CLICKING HERE.


Eric King

KingWorldNews.com

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