Eric Sprott – We Are In The Biggest Ponzi Scheme Of All-Time
January 5, 2013
Today billionaire Eric Sprott warned King World News, “… we are in the biggest Ponzi scheme of all-time.” This is the second in a series of interviews with Sprott that will be released which reveals the increasingly desperate situation Western central planners face as we head into 2013.
Here is what Sprott, who is Chairman of Sprott Asset Management, had to say: “As I’ve already said, there was only one purpose for those (Fed) minutes and that was to keep the real indicators of inflation at bay. As you know, oil was starting to move up again, and gold and silver were acting well.”
Eric Sprott continues:
“I just think it’s a false flag that all of the ingredients for a very strong market are there. (In reality) all of the ingredients for a very weak economy are there. When I have to imagine buying a bond or a stock vs gold and silver, I can only come to one conclusion, we have a huge fight on our hands.
And the fight is the mainstream wants to suggest that gold is not good. We have these very abrupt things (smashes) go on in the (gold) market. Look at yesterday’s action….