Brexit $100 Gold Spike As Appetizer; Schiff Continues To Downplay Gold Manipulation By Spotlighting Traders Gaming System Versus Central Banks and Governments Protecting Entire System
TND Videocast Spotlight: Greg Hunter’s USAWatchdog.com
Money manager Peter Schiff says don’t believe the so-called “Brexit” was the real cause of the recent chaos in the financial markets. Schiff explains, “If the global financial system and the markets were healthy, ‘Brexit’ would be a non-event. I mean what difference does it make in the scheme of things if the UK is not part of the EU? In a healthy economy, it would just shrug it off, but because we have anything else but a healthy financial system, it’s all a gigantic bubble. It’s a house of cards. That’s how fragile it is, and it’s all propped up with cheap money, negative interest rates and quantitative easing. Everybody is confident that the central banks and politicians can keep these bubbles in the air that they are juggling. Now, all of a sudden, something goes wrong that they didn’t expect. It shows that the government is losing control, and this is the wake-up call. This is what has everybody so scared. This is the match that ignites the powder keg, but the powder keg was there all along.”
Click here to read the rest of Greg Hunter’s write-up and to access the active comment section.
After the Interview:
You can find free analysis and information on both EuroPac.com and SchiffGold.com.
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About Greg Hunter:
Mr. Hunter is the producer and creator of Greg Hunter’s USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. Greg Hunter’s USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows. Greg encurages feedback and welcomes comments. You may also support USAWatchdog.com by clicking here to donate. Reprinted with permission.
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