Fleckentstein – Gold & What Is Going To Make Stocks Crater
KingWorldNews.com
October 4, 2013
Having warned last time there was a danger that “all hell is going to break loose,” today Bill Fleckenstein told King World News “I’m contemplating starting a short fund again to capitalize on that.” Astonishingly, Fleckenstein closed his short fund at the dead lows in stocks in early 2009, so the fact that he is looking to open the short fund again is a very dangerous sign for stock market bulls. He also discussed gold, Jim Grant, and the end game. Below is what Bill Fleckenstein, who is President of Fleckenstein Capital, had to say in this fascinating interview.
Eric King: “Bill, as you know, recently KWN interviewed Jim Grant and he was talking about how ‘the world will witness extreme monetary disorder.’
Fleckenstein: “If Jim (Grant) says it’s extreme monetary disorder, you can be sure of one thing, it is. I think there is probably not a person on the planet who understands financial markets, who also understands the history of financial markets and events that have taken place in the past as well as Jim does.
The Fed is trapped. The Fed has been trapped. 4 years ago they talked about ‘exit strategies.’ This year they weren’t even talking about an exit strategy, i.e. selling any paper that they bought….
The Rest…HERE
