China, Gold, The United States & Horrific Consequences
KingWorldNews.com
June 3, 2014
Today an acclaimed money manager spoke with King World News about China, gold, the United States & horrific consequences. Stephen Leeb also issued a major warning regarding the U.S. dollar and why investors need to be extremely cautious of this currency in his fascinating interview.
Leeb: “The big news yesterday was the new environmental initiative. It speaks volumes about where the United States is and where it is headed. Basically it’s a non-binding resolution that asks the states individually or in regions to cut down emissions. There is no necessity for using alternative energies — hydrocarbons can still be the guts of the system….
“There is nothing in the program to build a more modern electric grid. But without a modern grid, or what is termed a ‘smart grid,’ there is no chance of saving significant amounts of energy or hydrocarbons. All of this comes in the wake of a 60 percent downgrade in available shale oil in the United States. This country is relying on shale oil but we have no idea how much there is.
The Rest…HERE