With the Dow hitting new all-time highs, one of the greats in the business told King World News that we are headed for something disastrous on this earth that no one has ever experienced.

“Fueled By A Tide Of Central Bank Money”
John Embry:  Eric, the charade continues as the global economy struggles with an unsustainable debt load, but stock markets worldwide rise fueled by a tide of central bank money…

To find out which high-grade silver mining company 
billionaire Eric Sprott just purchased
a nearly 20% stake in and learn why he believes this is one of the most
exciting silver stories in the world –

King World News - MAJOR WARNING: Commercial Short Positions In Silver Hit Another All-Time Record!Sponsored

John Embry continues:  “To say this is ultimately unsustainable understates the true magnitude of this farce.  We are headed for something disastrous that no one on this earth has previously had the misfortune of experiencing.

Part and parcel of the whole current scenario is the required suppression of gold and silver prices, which are the true canaries in the coal mine.  If they were trading fairly and indicating the true extent of the monetary debasement underway virtually everywhere on the globe, they would be, at the very least, several multiples of the current prices.  However, by virtue of the paper scam conducted by the Western governments, their central banks, and their bullion bank agents on the Comex and the LBMA, both gold and silver continue to trade at remarkably depressed prices.

King World News - Could The Price Of Silver Really Surge 214% In Just 8 Months?

The Open Interest in silver continues to rise on the Comex and is now well over 200,000 contracts as the perpetrators of the scam try desperately to hold the price at $18 an ounce.  In a world where most assets are grossly inflated, one cannot own enough undervalued silver at this point in time.  Your downside is negligible in silver and your upside is, who knows?  I just know it’s huge.

As you know, Eric, I have just returned from Argentina where I spent twelve days in Buenos Aires and in the western part of the country.  Argentina is an absolutely wonderful place to visit and has many great attributes.  However, Argentina offers a very cautionary tale about how bad government can seriously undermine a country with an awful lot going for it.

Argentina Boom & Bust Warning For The West
Between 1880 and the 1920s, Argentina grew spectacularly as European expatriates tried to replicate the glories of Europe in South America.  At one stage I believe Argentina was the third wealthiest country in the world.  They largely succeeded in Buenos Aires because it contains some of the most beautiful architecture and spectacular buildings on the planet, most of which were built in the time period from 1880 – 1920.  However, with the advent of Peronism in the wake of World War II, Argentina experienced a shocking decline and numerous currency disasters, despite the country’s remarkable natural resources and relatively small population.  I believe Argentina is on the cusp of recovery but the entire sad post-war experience should serve as a warning to the optimists in the Western world today.

Turning to the U.S., I sincerely hope that the Trump administration can make a huge difference, but it is facing so much opposition at this point that I have doubts because of the terrifying split in the United States.  The U.S. also has a bloated deficit and a debt problem at all levels of society.  Interest rates are grotesquely low and unsustainable.  As a result, the U.S. stock markets are on the Moon and totally unsustainable.  And real estate, which is affected mainly by interest rates and the availability of money, is also grossly overpriced in most markets.  This is one of many reasons why I believe it’s an easy call to own lots of gold and silver bullion and high-quality mining shares because you can sleep easier at night.  If you own the other overvalued assets you are setting yourself up for some very, very hard times in the future.”

***KWN has released the remarkable audio interview with Michael Belkin, the man who counsels the biggest money on the planet, discussing the mining shares, gold, silver, global markets, and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

***ALSO JUST RELEASED: Barrons: Ominous Warning From Michael Belkin May Foreshadow A Stock Market Collapse CLICK HERE.


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