As The Fantasy Dies, Panic Will Ensue & Gold Will Soar

Saturday, September 7, 2013
By Paul Martin
September 6, 2013

Today Bill Fleckenstein warned King World News that “as the fantasy dies,” panic will ensue and gold will soar. Fleckenstein also predicted that the staggering 24% unemployment in the United States will get much worse in the future as people realize the Fed is trapped and the great unwind finally begins. Below is what Fleckenstein, who is President of Fleckenstein Capital, had to say in this powerful interview.

Eric King: “How will the economy handle higher interest rates in the long-run?”

Fleckenstein: “It’s not going to handle it. That’s why if the Fed tapers and the bonds start acting funny, they will end tapering because they will start thinking, ‘Geez, we can’t have this happen.’ Then, more people will see that the Fed is trapped.

The purest reading of the market’s response to what the Fed does would be if the Fed doesn’t taper, and then the bond market really doesn’t go very far and shortly starts to sink again. Then, what will people say?….

The Rest…HERE

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