Financial analyst Karl Denninger says, “If you keep raising the debt ceiling willy nilly, you’re going to get downgraded.” Denninger thinks the latest talks in Washington will only kick the fiscal can down the road. He says, “The truth of what we have to do is still politically impossible.” Denninger contends, “All you are seeing now is the tap dance around the fact we have to accept a 7, 8 maybe 10 to 15% fiscal contraction in GDP in order to come back into balance.” Denninger says the sooner you take the hit, the better it will be because “the damage you take today is always less than the damage you will take if you kick the can and wait until tomorrow.” Don’t expect politicians to do the right thing–yet. Denninger says, “There is no stomach to put their jobs on the line . . . We need statesmen who will say I will get fired over this. . . . That’s the price the country has to pay.” Join Greg Hunter as he goes One-on-One with Karl Denninger. [Read more...]
America is Going to Crash Big Time-Paul Craig Roberts
Paul Craig Roberts was Assistant Treasury Secretary in the Reagan Administration, and he warns, “America is going to crash big time.” Dr. Roberts says, “The real problem is not the fiscal cliff.” The dollar is on very thin ice. Dr. Roberts says, “They can’t stop hemorrhaging the debt, and the way they cover that is to hemorrhage the dollar.” In this real time scenario, Dr. Roberts goes on to say, “When you have debt pouring out and dollars pouring out, the dollar can’t keep its value forever. At some point, people will run away from it, and it will start abroad.” Dr. Roberts thinks there is “an impending collapse of the exchange value,” and the U.S. dollar could unexpectedly plunge in buying power. Dr. Roberts contends, “All of a sudden, people walk into Walmart, as usual, and they think they’ve walked into Neiman Marcus.” Dr. Roberts says there are no quick fixes to the bulging debt because “there’s no way to close this deficit when corporations are moving the tax base off-shore.” Join Greg Hunter as he goes One-on-One with Dr. Paul Craig Roberts. [Read more...]
Greg Mannarino: Gold and Silver Are Going Up, Cash is Going Out of Style
Financial analyst Gregory Mannarino says, “The Federal Reserve is going to print into oblivion. Why? Because cash is going out of style.” It was recently reported the Fed is buying 90% of U.S. Treasuries. Mannarino contends, “The Federal Reserve has to go out and buy Treasury bonds. It they don’t do this, it’s over . . . the system collapses. The Fed is now the lender of last resort.” Mannarino predicts not only America, but the world, is headed for a collapse. “Nothing they do now can change the trajectory we are on, which is the mother of all collapses of the financial system–on a global level,” says Mannarino. When that happens, what is going to happen to all the asset classes? Mannarino says, “You got to be nuts to buy 10-Year Treasury bonds . . . . At some point, it will be the free market that will decide fair value with regard to everything across the board, including debt.” Mannarino thinks interest rates will spike and “commodities are going to go to the moon . . . gold and silver are going up over the long term.” Join Greg Hunter as he goes One-on-One with Gregory Mannarino. [Read more...]
Chris Duane: Silver Headed to 1-to-1 Ratio With Gold As Manipulation Collapses
Chris Duane of Dont-Tread-On.me says Hurricane Sandy should be a wakeup call for the entire country. Duane says, “The impact of a dollar collapse will be hundreds, if not thousands, of times more disruptive to life than a two day storm.” Duane goes on to say, “Sandy is a great precursor to help you get your act in gear.” According to Duane, most people are just as unprepared for a dollar calamity as they were for the recent super storm in the Northeast. A much bigger financial storm is coming. “The big problem with all this is counter-party risk. You cannot trust anybody; you can’t even trust the currency.” Duane trusts physical silver, and he thinks its 53 to 1 silver to gold ratio per ounce makes silver attractive. Duane thinks he could make a good case for “. . . a one-to-one silver to gold ratio, especially with all the paper manipulation.” Duane says, “The system will collapse, it must collapse, and people will learn a very difficult lesson.” In the next move up, Duane see’s silver “pushing past $50 per ounce.” Join Greg Hunter as he goes One-on-One with Chris Duane. [Read more...]
Michael Pento: Real Fiscal Cliff-Currency and Bond Collapse is Inevitable
Economist Michael Pento says forget the “Fiscal Cliff” you have been told about. Pento charges, “The real ‘Fiscal Cliff’ is the coming currency and bond market collapse.”
Pento says if we stay on our current path, “We are in for an interest rate shock that will make the Great Depression look like the days of wine and roses.” The open-ended Fed money printing is creating “. . . a fictitious world of artificially low interest rates,” according to Pento. He says, “We need to move quickly towards a balanced budget . . . yes, it will be painful for a lot of people.” If we don’t change course, Pento says, “A financial collapse is inevitable . . . the free market will force this Fiscal Cliff upon us. There is no way around it.” If you ever wanted to hear Mr. Pento uninterrupted and unfiltered by mainstream financial media, here’s your chance. Join Greg Hunter as he goes One-on-One with Michael Pento. [Read more...]
Greg Mannarino- The Big Print- Gold & Silver NOW!!
Greg Mannarino says “open-ended” QE by the Fed is “the big print“ that is signaling “the currency is dying. The debt based economic model is over . . . and a new system is coming.” Mannarino is a financial analyst who advises, “Bet against bonds which is debt, and bet against currency which is debt, and you will come out of this good.” Mannarino says the dollar calamity that is unfolding is the biggest financial event ever. He goes on to say, “We have never witnessed anything like this in the history of the world.” Mannarino states investors must become their own central bank by acquiring PHYSICAL GOLD AND SILVER NOW!!!
Join Greg Hunter as he goes One-on-One with Greg Mannarino. [Read more...]
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