Worse “than the 1994 ‘Bond Massacre,’” with “sustained double-digit losses on bonds, subpar growth in developed markets, and balance sheet risks for banking systems….”
It’s becoming increasingly clear that the move to ban cash is going global. What started with Modi in India is now moving to Australia and Spain, and if people don’t revolt en masse and soon, the passivity of these populations will embolden the Federal Reserve and bankers to ban cash in the United States. And while the tyranny against cash only grows, the global bond bubble is beginning to pop – with many experts predicting total systemic collapse in 2017, and possibly as soon as January.
Money Manager Michael Pento Has Issued A WARNING:
The EPIC Bond Bubble Is Now Bursting:
China unloaded nearly $42 billion in Treasuries in October.
Just what is going on here?
Billionaire Eric Sprott Explains,
There’s Only 2 Explanations For This Move In the Stock, Bond, Gold, & Silver Markets:
10 Year T-Bond interest rates are falling again after a minor rally.
This leaves me pondering a nearly 20-year old question: what might finally produce an end to the 34-year US Treasury Bond bull market?
Precious metals expert David Morgan says, “I think 2014 is going to be better for both the metals.” Morgan is not “exceedingly bullish” on gold and silver, but he says, “If a black swan were to take place, all bets are off. This is where you could get limit-up days in gold and silver and never look back.” On the stock market, Morgan warns, “The insiders are already out . . .They’ve left the patsies holding the bag, which is the general public for the most part.” Morgan goes on to say, “As the general market goes down, you are going to see gold go up.” On the Federal Reserve, Morgan says, “I think they are really having more sleepless nights than they portend. . . . When there is a panic selloff in the bond market, and I think this will happen at some point, when there is a panic sell off and they have to stop bond trading . . . when there are nothing but sell orders, you’ve got a market crash.” Morgan contends, “The financial system on a global economic scale is in a place that has never ever been established before. So, it is very difficult to forecast how it will unravel.” But, unravel it will. That’s why Morgan says, “This is why I am such an advocate of hard money, gold and physical silver. You want to be early. You don’t want to be late.” What will the price of gold and silver be this time next year? Morgan says, “I think we’ll see $30 to $34 silver and $1,700 gold by the end of 2014.” Join Greg Hunter as he goes One-on-One with David Morgan.