“Global Bubble” … “Ends Very Badly” and Hyperinflation Risk – Rickards
Gold Core
GoldSeek.com
Thursday, 15 May 2014
Russia, which has been threatened with more sanctions by western nations, is the largest supplier of palladium, with South Africa the next biggest. The African country is the top producer of platinum.
Workers at the biggest platinum mines in South Africa have been on strike since January 23. Lonmin Plc will keep its platinum mines open for a second day in an effort to break the strike. Many workers were prevented from reporting for duty yesterday.
Russian Foreign Minister Sergei Lavrov said Ukraine is sliding into a civil war increaing the risk of conflict between Russia and the West. Ukrainian leaders and their international allies blamed Russia for the violence and say Russia is behind the unrest in Ukraine’s easternmost regions. Russia says that the U.S. is supporting Ukrainian nationalist militants.
This morning, futures trading volume was 10% below the average for the past 100 days for this time of day, data compiled by Bloomberg showed. Smart money continues to accumulate on dips.
Hyperinflation Risk and “Global Bubble” … “Ends Very Badly” – Rickards
James Rickards, author of best selling book, ‘Currency Wars’ and now ‘The Death of Money: The Coming Collapse of the International Monetary System’ has done another interesting interview. He joined Guy Johnson and Francine Lacqua on Bloomberg Television’s, “The Pulse.”
Topics covered included the risk of the global bubble bursting, his admiration of the ECB’s Draghi, how Europe is moving in the right direction, the coming of a true Eurobond, how the “day of reckoning” is coming for China and the U.S. and the risk of financial warfare, deflation, hyperinflation and market collapse.
The Rest…HERE
