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Eric King:  “Victor, how will this all end?  Because it has to end tragically, as you said.”


Sperandeo:  “There are only two ways that empires or superpowers come to an end.  One is through bankruptcy, but after Lehman Brothers they will never let anything fail again.  So I can’t believe they will allow bankruptcy.  When you have a printing press, you print the money....


Continue reading the Victor Sperandeo interview below...  




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“So it has to end in hyperinflation.  A hyperinflation has nothing to do with inflation.  It has to do with a run on the bank, the selling of bonds and the currency.  That is much different than an increase in the money supply causing product prices to rise -- much different.  Think of it as a run on the bank.


By the way, in the first hyperinflation, which was the French Revolution, gold went up 288 times in (just) five years, 1790 to 1795.  We are not talking percent -- we are talking times.  That would mean that right now with gold at, say, $1,300, it would go to $388,000.  But the key is that people run from the fiat money and they go to other currencies, or they go to gold and silver.  That’s what happens. 


And if you can’t pay the debt and you start printing, eventually, because this is psychological, when the people understand it they start saying, ‘Wait a minute -- this piece of paper is not getting me anything.  I have lower purchasing power and so I’m going to sell this currency and get another currency, or I’m going to sell it and get gold and silver,’ which, by the way, has been extremely good at hedging inflation since 1913.  Gold has fully hedged by 200 basis points more than the Consumer Price Index.  So, in my view we end with hyperinflation because I don’t believe the government will pay the debt.”


IMPORTANT - This was just a small portion of what legendary and investor Victor Sperandeo had to say in his extraordinary audio interview.  He discussed gold, the coming financial collapse of the United States, the stock market crash, and much more.  The audio with Victor Sperandeo is available now and you can listen to it by CLICKING HERE. 


© 2014 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 This material may not be published, broadcast, rewritten, or redistributed.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 Victor Sperandeo, Dr. Philipa Malmgren, Grant Williams, Dr. Paul Craig Roberts, Bill Fleckenstein, Gerald Celente, Dr. Marc Faber, Egon von Greyerz, Rick Rule, Ben Davies, Art Cashin and Eric Sprott are available now. Other recent KWN interviews include Jim Grant and Felix Zulauf -- to listen CLICK HERE.


Eric King

KingWorldNews.com

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