Marc Faber – As The Market Plunges, This Will Be The Big Problem. Also Here Is What I Expect Will Happen To Gold

Saturday, July 8, 2017
By Paul Martin
July 07, 2017

Today Dr. Marc Faber spoke with King World News about what the big problem will be as the stock market plunges. He also discussed what he expects will happen to gold.

Eric King: “You talked for so long about derivatives and how they were going to eventually blowup. That blowup almost took the system down (in 2008). Derivatives, are they the same powder keg waiting to destroy the financial system that they were prior to 2007?”

Margin Calls To Create Big Problems
Dr. Marc Faber: “Yes, I still think they are extremely large. And the positions, particularly in interest rate futures, are huge. Some are probably hedged, but some aren’t. We could have a big move at some point that would hurt speculators or someone who is on the wrong side of the market…

The Rest…HERE

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