There Is Now A Danger That “All Hell Is Going To Break Loose”!
- There Is Now A Danger That “All Hell Is Going To Break Loose”!
In the aftermath of today’s historic Fed decision, the man who correctly predicted last week, “as the fantasy dies,” panic will ensue and gold will soar, warned King World News that in the wake of this Fed disaster there is now a great danger that “all hell is going to break loose.” Below is what Bill Fleckenstein, who is President of Fleckenstein Capital, had to say in this powerful interview.
Eric King: “Bill, in the aftermath of the Fed decision gold has exploded on the news of no tapering.”
Fleckenstein: “Well, I think there have been a lot of delusional people. And nobody exemplifies this better than the Goldman Sachs policy, which they have articulated all year, that ‘The economy is going to be stronger and the Fed is going to be tough.’ They’ve been saying that for nine months now….
Fleckenstein: “Since April, the 10-Year has gone from about 1.6%, to as high as 3% recently. Now we have to see when this rally in bonds stops. The bond market will then roll over and then the Fed won’t have the tapering as an excuse. It means the bond market has ceased to price in the scenario that the Fed wants, and the bond market is not responding to the Fed’s moves in the short-run. In the old days we would call that ‘losing control of the bond market.’ And if that starts to happen, all hell is going to break loose.”
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