Fleckenstein – Gold Will Be Damn Explosive To The Upside
June 6, 2013
Today Bill Fleckenstein spoke with King World News about the most exciting investing opportunity that he has ever seen in his career as he gave KWN his most powerful interview ever. Fleckenstein also spoke about the “explosive” situation in the gold market. Below is what Fleckenstein, who is President of Fleckenstein Capital, had to say in this extraordinary and exclusive interview.
Fleckenstein: “Probably anyone who listens to your wonderful interviews already understands that money printing can’t solve anything … Most recently the housing bubble led to the collapse in 2008/2009, and now we’ve got QE of biblical proportions being foisted upon us by the Fed, BOJ (Bank of Japan), Swiss National Bank, and probably the BOE (Bank of England) soon, etc.
The irony of it all is that 5 years into zero rates, and America alone (with) $5 or $6 trillion of deficit spending, the economy is still crummy. No one ever says, ‘Why is that?’ Well, the reason is because money printing doesn’t work.”