Exclusive: John Embry – What To Expect In 2013
KingWorldNews.com
November 5, 2012
Today John Embry spoke exclusively with King World News about his thoughts on what the future holds in 2013, and the catalyst which is going to get the velocity of money to accelerate. Here is what Embry, who is chief investment strategist at Sprott Asset Management, had to say about about what is taking place: “I think we will see the first manifestations of the negative aspect (of money printing in 2013). To date, money velocity has been falling because even though all of this high powered money is being stuffed into the market by these central banks, the banks and the public really can’t seem to get the lending mechanism working.”
John Embry continues:
“The banks are afraid, and the public is over-indebted. But I think that will just make them push QE even harder, and at some point there will be a collective realization from all these people that are holding bonds and cash, etc., that ‘My God, the money is being destroyed. Get me out.’
That’s what will get the velocity to change direction, and then you will see mounting inflation very quickly….
The Rest…HERE
