Today one of the greats in the business warned the global money printing binge is not going to end well.
Global Money Printing Binge
December 14 (King World News) – Eric King: “Adrian, the fact that the Fed is engaging in QE, even though they call it ‘not QE,’ the Fed’s balance sheet is expanding. We also saw the ECB’s balance sheet hit a new all-time high. But the fact that there is this continued money printing across the globe, try to give people an idea of how that’s going to end.”
“It’s Not Going To End Well”
Adrian Day: “Once an inevitable trend gets under way it can develop much faster than you think it’s going to. Starting in the 1960s you had some gold come out of the Fed as one country or another wanted their gold and sold their paper. Then suddenly you had France say, ‘We want all of our gold. Here’s your paper, give us our gold.’ Suddenly you had half of Europe doing the same thing and Nixon close the Gold Window. And I think we are going to see that with the dollar at some point. Some country, other than Russia, will decide they’ve had enough and will start selling and then suddenly a lot of countries will start selling. All I can say, Eric, is however it ends it’s not going to end well — there is no way this is going to end well…to continue listening to Adrian Day’s powerful KWN audio interview CLICK HERE OR ON THE IMAGE BELOW.
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