Legend Warns This Is The Terrifying Thing About This Mania
KingWorldNews.com
May 13, 2017
Today a legend in the business spoke with King World News about the terrifying thing about this mania.
Earlier this week Stan Druckenmiller was quoted at the Ira Sohn Conference as saying that the stock market, “has exhausted itself” and that he had rebuilt his gold holdings into his largest currency position. Naturally that wasn’t reported by the usual bullish media outlets. He was also quoted recently as saying, “The Fed has borrowed more from future consumption than ever before. If we have borrowed more from our future than any time in history and markets value the future, we should be selling at a discount, not a premium to historic valuations.” So it appears that he and I agree on the subject of the stock market. — Bill Fleckenstein
Eric King: “When it comes to printing money, you and I kept saying for a long time, and I’ve discussed this with others like David Tice, that you eventually have to print more and more money just to create $1 of GDP. So you get to $3, $4, $5, $6 (of printed money just to create just $1 of GDP). That has to end in disaster, doesn’t it?”
The Rest…HERE
