Rick Rule: We Are Near An Epic Collapse in Confidence!

• Rick Rule – We Are Near An Epic Collapse in Confidence! 
  by www.kingworldnews.com
  With global stocks struggling, the US dollar very close to a breakout, and gold ignoring US dollar strength by trading higher, today King World News interviewed one of the wealthiest and most street-smart pros in the business, Rick Rule.  Rule warned, “…for those who are looking for signs of a collapse in confidence, if past is prologue, you should examine our experience in 2008 and begin to look for immediate signs of structural stress.”
  …
  Rule, who is now part of Sprott Asset Management, also issued the following warning: “The world has been trying to solve a solvency problem with liquidity.  Obviously the problem becomes, at some point in time, the issuers, be it the US government or the ECB or whoever the issuer is, runs into a problem where they can’t sell more paper.  There is nobody to fund it.”
  …
  “One of the things that comes to my mind is that what has passed for quantitative easing and refinancing in this market, is, in effect, counterfeiting.  We have a situation where one of the biggest buyers of government bonds is the government.
  ….
  Gold and silver are also the only medium of exchange that can’t be counterfeited by the collective.  So I continue to be a goldbug.  If this crisis of confidence, that I think is likely to occur, does occur, I would suspect that although the gold price would be extremely volatile, it will vastly outpace the alternatives.”
  –
  read more!

end