After a rough couple of weeks for the bond markets as well as the gold and silver sector, today King World News spoke with legendary James Dines, publisher of the Dines Letter, to get his take on where the markets are headed from here.
The World Is Sleepwalking Toward A Cliff
James Dines: “The interest payments on government debt are going to starting moving up to sky high levels on that $20 trillion of debt. That’s what’s confronting the world right now. And they’re sleepwalking toward a cliff. I started the Dines Letter just because when they cut the link between the dollar and gold I foresaw all of this would happen — that they were going to print too much money and run up the debt. This has been done before in history many times. This is not a new game. This is the first time it’s been done by the whole world. And it’s a racket. For the first time in history we are not getting one country in an inflation — it’s the whole world that’s way overextended in debt. And the cracks are beginning…KWN has now released the remarkable audio interview with legendary James Dines and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Legendary Short Seller Answers The Question, Has He Every Been 100% Long Gold And Miners? CLICK HERE.
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