Inflation Like the 70’s but on Steroids-Chris Casey
By Greg Hunter
17 JULY 2013
Wealth manager Chris Casey says, “The bust is the eventual end and, quite frankly, it has to occur based on what the Federal Reserve has done over the last five or six years. I would envision it’s going to be like the seventies, but on steroids.” As far as timing goes, Casey goes on to say, “Whether it’s in the next 12 months or the next 3 years, I can’t really say for sure . . . We are big believers in you have to have physical gold. Things could get so bad that you really want to have it in your hands . . . held outside of the banking system.” As far as the Fed cutting back or “tapering” the money printing, Casey says, “U.S. debt is completely out of control, and it’s a huge incentive to continue to inflate the money supply. Also, the Fed is buying 90% of the Treasury market. So, if they taper or scale back what they’re doing, it would certainly send interest rates spiking.” Join Greg Hunter as he goes One-on-One with Chris Casey of WindRock Wealth Management.