- 60-Year Market Veteran Says US Is Within Months Of Collapse!
With continued volatility in global markets, today a 60-year market veteran told King World News that the US is within months of a total collapse. KWN takes this man’s warning very seriously because, incredibly, his father tried the major cases as a lawyer over 100 years ago which formed the basis for US bankruptcy laws. Ron Rosen, who has been at this business for six decades, also spoke about what all of this means for the stock market, as well as gold. Below is what Rosen had to say in this incredibly powerful interview.
Rosen: “We are now at a fork in the road for the markets and there is no way back. Either we are going to enter an electronic hyperinflation, or we head south and the major averages will collapse. But, regardless, gold is going to super-spike….
But getting back to the market, we will know in short order whether we will be going the way of electronic hyperinflation, or whether the averages are going to collapse nearly 70%. This will be the key: A Federal Open Market Committee Meeting will take place in March of 2014. I don’t know what the hell they are going to do at that meeting with regards to QE, but at that point in time we will know whether we are headed for hyperinflation, or whether the stock averages will completely and utterly collapse. Either way, what I can promise you is that the price of gold will be on an absolute tear to the upside during this chaos.”