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Today billionaire Eric Sprott told King World News that the price of silver will trade “in the hundreds of dollars.” Sprott also warned KWN that the central planners’ recent actions will lead to disaster for the global economy. This is the third in a series of written interviews with Sprott that has now been released. Below is what Sprott, who is Chairman of Sprott Asset Management, had to say in part III of this remarkable series of interviews.
Eric King: “Eric, what has you worried going forward?”
Sprott: “These policies of supporting the financial system or the banking system are not going to work. QE1 didn’t work, QE2 didn’t work, now we’ve got QE3 and Japanese money printing. Central banks are (also) now buying stocks.
How much lunacy do we have to have? Just think through it a little. It has to stop some day. We just can’t keep accelerating this without one of two things happening: You are going to get a financial collapse, or you are going to get hyperinflation….
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It will be both hyperinflation and a collapse
I will drink that…here is a cool site.
http://meltedbottleclock.com/
listening to a-holes you get an ear full poop
Please commit tgo buying one oz of silver on May 1 2013 to expose the fractional reserve system for the fraud it is. Make them turn over physical silver against their futures contracts or defualt because they are criminal fraudsters.
May 1 2013 Pass it on
When the hell is this crap suppose to happen? I’ve been preparing and waiting, but nothing is happening, This isn’t Y2K is it?
http://economicsyn.blogspot.com/
http://constitutioncoalition.blogspot.com/
While I’d love for this to happen soon, hasn’t Sprott been saying this same thing for years now?
The truth is he has no idea when silver will explode in price because it’s entirely up to the whims of 4-5 bankster institutions.
BS, nothing more than hype, so more people can get their heads handed to them. The collapse is still not over for Gold & Silver, Gold $1000, Silver $18-19. The manipulation and price suppression is not over. Remember when last stock market crash in 2008, gold and silver took a dive also. The same stock market is being setup for another crash, the rise to 14,000 is artificial to create that crash and they will bring down Gold and Silver with it.
If this does happen, it will be SHTF for America on every level, not just financial.
Then neither gold or silver will be able to fill your stomach nor save you from the “global coastal event” to follow. http://www.youtube.com/watch?v=ELefkJPHQLs
Do not fall for the hype to spend what you have left on the stumbling block put before your eyes. Read the comment of Whodareswins http://silverdoctors.com/the-next-time-gold-silver-skyrocket-it-will-be-in-an-american-financial-collapse/, if you do not want to read Ezekiel 7:19 or Zephaniah 1:18 or James 5:3.
I found Before Its News @ my brokers website. It is a relief to get the real facts from outside the bought media of T.V. and newspapers. Daily I read you, RT and the truth where I can find it.
Keep stock piling food, ammo and P.M. I say whynotgold.com to stack.