Today London analyst Alasdair Macleod told King World News that we are now in the eye of a giant storm and it will lead to all kinds of chaos in major markets.
KWN audio interview has now been released!
October 17 (King World News) – Alasdair Macleod: “I think, Eric, this is like the eye of the storm in a sense. If we remember back to March 23rd, that was the date that the Fed came out and said, ‘We will print whatever it takes to rescue the economy.’ The whole situation then just sort of changed on a dime. Gold and silver started rising, the S&P started rising, having fallen 1/3 in the first couple of months of this year, and other commodity prices started rising — the hyperinflation story was beginning.
But now we are in a situation which is also similar because we seem to have lost that inflation momentum, the credit momentum. And you can see that people are worried that there is going to be a contraction of bank credit. They are beginning to worry about the economy, yet the Fed isn’t doing anything. Washington DC is arguing over the next stimulus bill and the markets want it now. The whole thing is just the eye of the storm…to continue listening to this powerful KWN audio interview with Alasdair Macleod discussing the incredible crisis the world is facing and how it will impact major markets, including gold and silver CLICK HERE OR ON THE IMAGE BELOW.
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