On holding physical gold and silver, economic expert and journalist Dr. Paul Craig Roberts, who holds a PhD in economics, says, “Anyone who has surplus funds should be holding gold and silver because the dollar should be reduced already to the level of toilet paper. The Federal Reserve’s balance sheet has exploded. It’s grown so much. So, you have this massive increase in supply of money, but not in goods and services. The reason we are not experiencing hyperinflation is not much of that money got into the economy. It went into financial assets and bid up stock prices, bond prices and real estate prices. . . . If the world turns on the dollar, the Fed is not going to be able to sustain it. Gold and silver have always been money. . . . If people don’t want the currency because it’s worthless, it’s nice to have something to engage in trade with until some new monetary system can be formed. I think it is very reckless to abuse the dollar the way it has been abused.”
Investment advisor Catherine Austin Fitts says, “We are so overdue for a 25% correction. . . . I think 2017 is going to be a composting. In the destruction of the old, let there be the creation of the new. We’re going to be creating the new, and we’re going to be destroying the old. It’s going to be quirky. There are going to be all kinds of black swans that could hit us. So, do I think we are going to have a major correction and lots of digestive problems? Yes, I do. Now, if the new administration gets what it wants by getting tax rates down and bringing capital back into the country, then there is going to be a very exciting future and a very exciting pathway for North America.”
On gold and silver, Fitts contends, “I think we are in a long-term bull market for gold, but I don’t think the consolidation is over. I was hoping the consolidation was over given how it was trading in the first three quarters, but given how it is trading now, it looks like the consolidation may not be over. The reality is gold is a number of things. In Asia, it’s real money. I think as long as Asia is converging with per capita income, gold is going to have a floor under it, and silver too.
Join Greg Hunter as he goes One-on-One with Catherine Austin Fitts, Publisher of the Solari Report found on Solari.com.
Gerald Celente returns to USA Watch Dog with Greg Hunter to make his 2017 predictions. Gerald predicted that Donald Trump would win the 2016 election, and has since been banned on the legacy corporate media (Gerald refers to CNN as the Cartoon News Network–chuckle!).
It is nice to see that he has calmed-down now that the election is over.
Appratently, Clif High’s WebBot accurately predicted that Hillary would go missing after the election, which prompted this fantastic interview. Of special interest, Greg and Clif examine the language used by the supporters of the winning and losing candidates.