Financial analyst
Dr. Jim Willie says there is no way the Fed is going to stop printing
money or even “taper” it. He charges, “Everything is dependent on
Fed support. They know if they take it away, they’re going to create
a black hole. The Treasury bond is the greatest asset bubble in
history. It’s at least twice as large as the housing and mortgage
bubble, maybe three or four times as large.” Dr. Willie goes on
to say, “I think the Fed’s balance sheet is going to expand further,
not contract.” As far as the gold price, Dr. Willie says what you
are seeing now is not real. Dr. Willie says, “In order for the real
gold price to reflect true value, we must shut down the COMEX. Don’t
worry; they’re helping themselves to shut it down by keeping the
price down and causing a fire sale around the world.” Dr. Willie
says a big upward move is coming in gold. What could be the trigger?
Dr. Willie says, “It might be a default for gold delivery . . .
at the same time that a big bank fails. I am hearing every single
night there are three big banks that are running the risk of failure.”
Dr. Willie predicts, “If we have another repeat of Lehman, it’s
going to be 10 times larger. It’s not going to be containable.”
Join Greg Hunter as he goes One-on-One with Dr. Jim Willie, Publisher
of the Hat Trick Letter
found on GoldenJackass.com.