Fleckenstein – We Are Staring At Economic Collapse
June 5, 2013
Today Bill Fleckenstein gave his most powerful interview ever as he warned King World News that we are now going into a depression, or we will have massive inflation. Fleckenstein also warned that either way this will end in a financial disaster that will be worse than what the world witnessed in 2008. Below is what Fleckenstein, who is President of Fleckenstein Capital, had to say in this powerful and exclusive interview.
Eric King: “You are saying we are either going to tumble into a depression here, or have some kind of serious inflation.”
Fleckenstein: “That’s been the dilemma ever since the stock bubble burst. We would have had something close to a depression in the wake of the financial crisis, but they pursued this policy (of reckless money printing).
They are terrified of what will happen. They are talking about preventing deflation. It’s just such nonsense. When they are printing all of this money we can’t have deflation. But show me one consumer that wouldn’t like deflation. Wouldn’t we all like to have the price of all the stuff we buy decline? Hell yes we would.
What these idiots mean is, they are talking about an economic collapse. They use ‘deflation’ as the watch word to say, ‘We need to prevent economic collapse.’….