Staring Into the Great Abyss

Wednesday, August 27, 2014
By Paul Martin

By GE Christenson
GoldSeek.com
Wednesday, 27 August 2014

Is a looming war coincident with a depressed gold price and a stock market peak an example of — staring into the great abyss?

From Peter Cooper:

“A five-year regime of artificially low interest rates is responsible for a bubble in stocks, bonds, real estate, emerging markets and many other asset classes…What would you rather own when staring into the great abyss?”

James Rickards regarding the crisis with LTCM in 1998 and the banking crisis in 2008:

“What the crisis of 1998 and the crisis of 2008 had in common and what the next crisis will have in common is that regulators and risk managers are using the wrong models to understand and measure risk. And if you have the wrong models you will get the wrong results every time. … So the system becomes very vulnerable to a rapid collapse. … That’s why I’m expecting another financial crisis rather sooner than later.”

James Rickards on the Fed and money printing:

“So the Fed is trying the same remedies: The money printing goes on and the banking system continues to inflate which is setting us up for an even bigger crisis.”

The Rest…HERE

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