Published on Jan 28, 2014
http://usawatchdog.com/bond-market-bu...
- Doug Casey of CaseyResearch.com warns, "Were going into what I call
'The Greater Depression.' It's going to be much more serious than what
happened in the 1930's. . . . A depression is a period of time when most
people's standard of living drops significantly." Casey explains,
"There is a gigantic amount of debt in the U.S. at all
levels—governmental, corporate and individual. Debt is a sign you have
been living above your means. It's a debt bubble, and this is a major
reason the government wants interest rates low. When interest rates
rise, it makes it harder for people in debt to service that debt. They
are simply delaying the inevitable at this point, but it is inevitable
what is going to happen, and we are going to have a fantastic
depression."
On physical gold and silver, Casey says, "Gold is more important to own and perhaps a better bargain now than in 1971 or 2001, and the same is true of silver."
Join Greg Hunter he goes One-on-One with investor Doug Casey, author of the new book titled "Right on the Money."
On physical gold and silver, Casey says, "Gold is more important to own and perhaps a better bargain now than in 1971 or 2001, and the same is true of silver."
Join Greg Hunter he goes One-on-One with investor Doug Casey, author of the new book titled "Right on the Money."
