Felix Zulauf – The World Monetary System Is Going To Collapse
KingWorldNews.com
April 25, 2014
Today renowned money manager Felix Zulauf warned King World News that the world monetary system is going to collapse. Zulauf, founder of Zulauf Asset Management and 20+ year Barron’s Roundtable panelist, also discussed how all of this will impact major markets, including gold. Below is what Zulauf had to say in the first of a series of powerful written interviews that will be released on King World News.
Eric King: Will the key (to surviving) this (end game), as you warned many, many years ago, be to be outside the banking system?”
Zulauf: “Absolutely. The banks are the worst money managers of this world. I don’t blame them because they are the receivers and transmission mechanism for all the money being printed by the central banks. They are flooded with cheap or gratis money. They have to do something with that money, so they go into carry trades. You can look back in history. It started with Citicorp being trapped in Mexico. It goes on and on and on, and they are in carry trades again.
And when you look at the quality spreads between junk bonds and Treasuries, we are back to the extremes of 2007, at the last cycle peak….
The Rest…HERE
