Billionaire Sprott Says World To Witness A Frightening Collapse
August 23, 2013
Today billionaire Eric Sprott warned King World News that the world is in for a massive and frightening collapse. He also startled KWN when he revealed what his biggest fear is when the mega-collapse takes place. This is the second of three interviews with the Canadian billionaire that will be released today. Below is what Sprott, who is Chairman of Sprott Asset Management, had to say in part II of this remarkably powerful interview series.
Eric King: “Ron Rosen has been watching these markets for almost 60 years now, but he told KWN in an interview very recently that the stock market was going to have a massive collapse — he was talking (about a) 66% (decline). And (he also said) that gold and silver were going to skyrocket. Since then we’ve seen the Dow plunge 500 points, gold move up about $80, and silver has risen $2.60. This environment that you see going forward, is that a scenario that could play out as Rosen describes?”
Sprott: “Well, Eric, I guess I would start out with my fundamental conclusion about the financial system in the world. It’s obvious to me that the U.S. government is broke. That’s the easiest calculation in the world to make….