Mike admits that it worries him where we’re headed. Mike states emphatically that it’s too late to avoid financial Armageddon, due to the massive dilution of the currency, no viable options for central bankers, and that the debt can never be repaid.
It’s not just Mike saying this: as he and Jeff discuss, the former governor of the Bank of England, Mervyn King, said “the world is heading for a political and economic crisis which could unleash a financial Armageddon… we are sleepwalking toward a crisis.”
In his keynote speech to financial members of the IMF, Mr. King actually told them to “prepare for the next financial crisis.” It’s inevitable. Strong words from someone in the know—and advice we should all heed.
- Source, Gold Silver
