Monday, July 8, 2013

This Will Destroy The Financial System As We Know It

“We are finally putting in place a bottom in gold and silver.  This process has been really ugly, and it’s gone beyond any rational action in terms of price.  People are finally beginning to acknowledge that the gold and silver miners, particularly pure silver miners, are operating way below their cost level.

This situation is totally unsustainable.  But having said that, the thing I am really focused on is the bond market.  This is the one thing that will really destroy the financial system as we know it....

 “It’s interesting that every time we get a positive economic number the bond market shivers.  Similarly, when the Fed talks about tapering the bond market also tanks.  So technically the bond market is starting to look weaker and weaker.  The reality is that if the Fed wasn’t in there supporting the bond market, the bond market would plunge and interest rates would rise.
Read more@Kingworldnews.com 

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