Embry – Hang On Because The Chaos is Going to Accelerate
July 9, 2012
Today John Embry told King World News, “…the chaos will accelerate,” and “…before this ends, it will be cataclysmic.” Embry, who is Chief Investment Strategist of the $10 billion strong Sprott Asset Management, also discussed market manipulation. Here is what Embry had to say: “The fact that this LIBOR scandal has come to the surface is interesting. It’s an indication of the depth of the corruption in the system. The LIBOR scandal is just one of the many manipulations going on in the world at this point.”
John Embry continues:
“To me the biggest one and the longest running manipulation that no one will acknowledge is the gold and silver suppression scheme. This has been carried out to keep interest rates at low levels, and to suggest that the monetary policy being invoked is correct.
To me, the best thing about the LIBOR scandal is more people are going to start waking up to the fact that virtually everything in these markets is fake….