- Felix Zulauf – Gold, Systemic Collapse & The End Of Fiat Money!
Today world renowned money manager Felix Zulauf warned King World News, “… the fiat currency, paper currency standard, is in the final stage of the super cycle.” Zulauf, who founded Zulauf Asset Management, also declared, “I do believe the 30 year bull market in government bonds is over.”
Zulauf, a 20+ year Barron’s Roundtable panelist, was bullish on gold: “… from now on buying the dips is the right strategy because I think we have actually entered the next cyclical bull market within the secular bull run that we are still in.”
Zulauf also said stocks would plunge, but first, here is what Felix had to say about systemic collapse: “The global banking system, particularly in the industrialized world, is still highly undercapitalized. That’s the big problem. So if anything goes wrong, bank balance sheets are highly leveraged and you have a problem. The central banks were running behind the curve.”
“Over the last couple of months, central banks have woken up and they see the risks, particularly the move by the ECB here in Europe means that they are ‘all in’ now. That means they will finance whatever it takes to not let the system go down. For the short-term this gives you some assurance. For the long-term it’s a different story because there is a cost associated with this….