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Kaye:  “This is not a good setup.  This is a setup in which gold has been suppressed, and paper instruments that people own have been artificially inflated.  So when the system collapses on itself, and it will, the inevitable result will be that gold will be reset upwards (in price) somewhere between $5,000 and $10,000....


Continue reading the William Kaye interview below...




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“Stocks, bonds, etc, will collapse on themselves.  We are about to enter an economic ‘Ice Age,’ and it’s going to be very frightening for most people.  The average American has too much debt.  The average American has little to no precious metals.


So the only assets that Americans own are at significant risk.  The debt is not going to go away, and unfortunately that’s the other side of the average households’ balance sheet in America.  So the middle class is at risk of just being wiped out.  I’m talking about when the hammer comes down, this could be the death knell of what America has historically been very proud of which is its great middle class.  It’s about to be eviscerated. 


In the process people will look, because they will have no choice and it’s already happening, to government to save them.  They will look for (additional) handouts, welfare programs, food stamps.  That’s already happening, Eric, all I’m saying is when the hammer comes down it’s going to be much, much worse than today’s predicament.


What I worry about is instead of a proud and independent middle class, that has traditionally provided leadership to America, (it) will be wiped out and become totally dependent on a corrupt government for survival.  When that occurs you have a nation not of proud people who are mostly middle class, (instead) you have a nation of slaves.”


IMPORTANT - The incredible Parts I & II of William Kaye’s KWN audio interview series are available now and you can listen to them by CLICKING HERE.   Also, the above portion was the fourth and final of the tremendous written interview series with Kaye which has now been released on King World News.


© 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 This material may not be published, broadcast, rewritten, or redistributed.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 William Kaye, James Turk, Andrew Maguire, John Hathaway, John Embry, Dr. Paul Craig Roberts, Jean-Marie Eveillard, Eric Sprott, and Nigel Farage are available now.  Also, be sure to hear the other recent KWN interviews which include Art Cashin, Marc Faber and Felix Zulauf by CLICKING HERE.


Eric King

KingWorldNews.com

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