This Will End In Catastrophic Collapse & Tragedy For The West

In the aftermath of a disastrous week for the Fed, which culminated in Friday’s desperate propaganda from the Fed’s James Bullard, today a man who has been involved in the financial markets for 50 years warned King World News that this will “… end in a catastrophic collapse and tragedy for virtually every single human being in the West.”  Below is what John Embry had to say in this powerful interview.

Embry:  “Right now I am focused on the egregious price behavior of gold and silver in the wake of the ‘no taper’ decision by the U.S. Federal Reserve.  Before this decision was made public, 95% of the pundits were talking about some degree of tapering.

As this discussion of tapering was taking place, the gold price was crushed from about $1,420 down to $1,300.  What was shocking to most people was that the Fed’s decision sparked a one-day $60 rally in the gold price….

“Well, after trading sideways on Thursday, on a Triple-Witching Friday the gold price was attacked and surrendered 2/3 of its gains.

But it’s worse than that because as I said gold was taken down ahead of this decision and it is now roughly $100 lower than before this situation really became an issue.  So this is egregious behavior and it is discouraging to many investors.  This counterintuitive price action also continues to drive people away from the gold market.

My attitude is the exact opposite.  This is a gift.  Investors are getting one of the world’s most undervalued assets at giveaway prices, and this is at a time when they are getting ready to totally destroy the world currency system as we know it.  There was a logical explosion higher in gold after the ‘no taper’ was announced.

Read the full article at KING WORLD NEWS

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