The Gold Report: You told us about two ticking time bombs last September—the trillions of dollars owned outside the U.S. that could be dumped if the holders lose confidence and the trillions of dollars in the U.S. created to paper over the 2008 liquidity crisis. It’s been six months since then. Have we averted the disaster or are we closer than ever? Doug Casey: Things are worse now. The way I see it, what’s going to happen is inevitable; it’s just a question of when. We’re rapidly approaching that moment. I suspect it will start in Europe, because so many European governments are bankrupt; Greece … [visit site to read . . . → Read More: How to Speculate Your Way to Success: Doug Casey
The Gold Report: You told us about two ticking time bombs last September—the trillions of dollars owned outside the U.S. that could be dumped if the holders lose confidence and the trillions of dollars in the U.S. created to paper over the 2008 liquidity crisis. It’s been six months since then. Have we averted the disaster or are we closer than ever?
Doug Casey: Things are worse now. The way I see it, what’s going to happen is inevitable; it’s just a question of when. We’re rapidly approaching that moment. I suspect it will start in Europe, because so many European governments are bankrupt; Greece … [visit site to read more]
