Doug Casey Warns: “It’s The Next Stage Of The Greater Depression… The Economy Is Going To Be Very, Very Bad”
And by very bad he means that centrally manufactured super-bubbles and bubbles are set to wipe out trillions.
You’ve got to remember that all of these governments and central banks all around the world have driven interest rates not just to zero, but to negative levels in some cases… and they are simultaneously printing up trillions of currency units. And even while they are desperately doing that the economy is falling apart in lots of different ways.
…They’ve created a super-bubble in bonds, a bubble in stocks, and meanwhile commodities have collapsed and are below production costs in many cases.
…The economy is going to be very, very bad… It’s the next stage of what I call the Greater Depression.
Full interview via Future Money Trends:
But as centrally manufactured bubbles burst in one sector of the economy, says Casey, capital will flow en masse to other sectors as investors panic. First to safe haven assets like gold, and then to to broader commodities which have been left for dead since the start of the decade:
…click on the above link to read the rest of the article…
