- “There Is No Question This Will End In Disaster”!
On the heels of the Chinese downgrading the United States, the US Dollar Index has plunged back below the key psychological level of 80, and the gold market has soared. Today one of the top strategists in the world told King World News that “there is no question this will end in disaster.” Cazenove Capital is the appointed stockbroker to Her Majesty The Queen, and their acclaimed strategist, Robin Griffiths, also warned that global stock markets may now be set to plunge. Below is what Griffiths had to say in his timely and powerful interview.
Griffiths: “We know that the problems in the United States haven’t been solved — they’ve just been postponed a bit. The harsh reality is that the quantitative easing in the US can’t be taken away any time soon, and the enormous and growing debt mountain is going to be there for years to come. This will end badly….
The Western gold has actually gone off to India and China where they are in love with it. And as you know, I think the world is now moving to a place which will be much more dominated by an Asian agenda. But the reality is they prefer gold to paper money, and that’s what’s underwriting the long-term trend.
People have to remember that no fiat currency has ever lasted much more than 200 years at the top of the pile before it eventually trickles down and goes to zero. And since the Fed was formed over 100 years ago, an astounding 96% of the purchasing power of the dollar has already been destroyed.”