Felix Zulauf: Europe’s Recession Will Worsen Next Year (originally aired 9/7/12)

Zulauf: We are in the late stages of the fiat money system; get into gold while you still can

  • Print
Felix Zulauf
PURCHASE FSN Insider CONTENT

This Financial Sense Newshour program is available only as a premium, paid "FS Insider" release.

For advance notice of release of premium, paid "FS Insider" content or to purchase a monthly or annual subscription to "FS Insider" content, go to www.financialsense.com/subscribe.

Jim welcomes back legendary asset manager Felix Zulauf from Switzerland. In a very timely and powerful interview, Felix covers many important issues, foremost among them the European debt crisis. He believes politicians will not solve the crisis, leaving the European Central Bank (ECB) to begin massive money-printing and devaluing the Euro. Felix sees the ECB balance sheet expanding even more dramatically than the Fed’s next year. He also sees Greece exiting the Euro, possibly even late this year, and next in line would be Spain and Portugal. Felix also forecasts the end of the great bond bull market, and advises selling all bonds over 5-6 years in maturity. He sees a big move out of bonds and into real estate and stocks. In the US, the economy only appears to be healing because of its 9% deficits of GDP. Subtract the deficit spending, and the US is in recession. As to gold, Felix sees decisive new highs for gold in 2013.

CLICK HERE to subscribe to the free weekly Best of Financial Sense Newsletter .

About James J Puplava CFP

Quantcast