GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!
Saturday, November 21, 2015
Mike Maloney -- Bond Bubble Bust Will Be Devastating
Maloney says you can blame a lot of this wild ride on the Federal Reserve. Maloney contends, “We’re going into the Bernanke bust. The 2008 global financial crisis was of Alan Greenspan’s making. Ben Bernanke just reacted to it. . . . This time, it will be stocks, real estate and bonds. So, this is going to be the biggest crash in history. This bond market bubble is something that has been constantly inflated for the past 35 years. When it pops, it’s going to be devastating. A bond bubble bursting is deflationary.”
Where does that leave gold and silver? Maloney says, “In the last great deflation, which was well studied, the Great Depression, gold rose 70%. . . . If you owned gold, you ended up with two and a half times more purchasing power. . . . One of the few assets that actually did well in the last great deflation was gold.”
Labels: Mike Maloney