Legend James Dines Just Warned We’re Headed For A Global Crisis As Government Bonds Are Going To Crash
KingWorldNews.com
March 10, 2017
With continued uncertainty in global markets, today legend and 60-year market veteran James Dines told King World News that we are headed for a global crisis as government bonds are going to crash.
The Mania In Bonds Is Over
James Dines: “Run for your life, I think these government bonds are going to crash. The real signal was when government bonds yielded less than zero percent (laughter). When you have to pay somebody to lend them money you know you are at a very critical mass psychological mania.”
Eric King: “We’ve talked a number of times about the Fed being trapped. What about the Fed?”
James Dines: “The Fed is greatly exaggerated. The real problem is that we’re printing way too much money and we’re running up too much debt. And the Fed just engineers paying for it — that’s all…
James Dines continues: “But the real problem is fiscal. We have an irresponsible government. They’ve squandered trillions of dollars around the world and gotten nothing for it. Not peace. Not love. Nothing. We’re hated and the world keeps getting more dangerous.
The printing of money is the problem — this is what I foresaw in my book The Invisible Crash. And because there’s no link to gold, they can print whatever they want. People don’t comprehend that you don’t just print paper. It’s fiat money. And too many people don’t even know what the word fiat is.
The Rest…HERE
