On the heels of another chaotic trading week in major markets, today one of the top economists in the world warned King World News that the fantasy is now coming unraveled. He also discussed what this will mean for the gold market.
Michael Pento: “The fantasy is coming unraveled, Eric. What is the fantasy? That central banks and governments can borrow and print their way to prosperity. They have engendered another $60 trillion worth of debt since the Great Recession supposedly ended. What do we see? We see nothing but anemic growth, massive debt levels and unprecedented currency manipulation that spans the globe. This is starting to unravel. This will end in failure….
Continue reading the Michael Pento interview below…
The Fantasy Is Now Coming Unraveled And What This Will Mean For Gold
“Look at what’s going on in currency markets. Look at what’s going on with commodity prices. Tell me why commodity prices would be at the panic lows of March 2009 if we weren’t in some kind of global crisis. A global economic recession looms, a panic very similar to that of 2008 – 2009.” ***KWN has now released the extraordinary audio interview with Michael Pento, where he discusses why the fantasy is now coming unraveled, what this will mean for the gold and silver markets and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***KWN has also now released the incredible audio interview with 50-year veteran Art Cashin, where he discusses why the worldwide liquidation scramble could morph into a full-blown 2008-style collapse, the chaos in China, global stock markets, commodity markets, whether the U.S. stock market has finally put in a major top and much more, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Pure Fantasy And The Remarkably Desperate Crisis The World Now Faces CLICK HERE.
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The audio interviews with Michael Pento, Art Cashin, Rick Rule, Gerald Celente, Bill Fleckenstein, Dr. Paul Craig Roberts, Robert Arnott, Eric Sprott, John Mauldin, Stephen Leeb, Egon von Greyerz, Nomi Prins, Andrew Maguire, David Stockman, Chris Powell, Dr. Philippa Malmgren, Marc Faber, Felix Zulauf and Rick Santelli are available now and you can listen to them by CLICKING HERE.