Felix Zulauf on King World News: Deflaton; Hyperinflation; Currency ReformSubmitted by Michael Nystrom on Sat, 05/29/2010 - 12:03
Felix Zulauf has been a Barron’s Roundtable panelist member for over 2 decades. Investors have only read about Felix in Barron’s because he simply does not give interviews outside of Barron’s. This is another tremendous exclusive from King World News that takes a grave peek into the future for the global economy.
Industrial economies simply have too much debt outstanding relative to their economies. They have to borrow more & more to pay their interest; its a Ponzi scheme. There simply isn't enough economic growth to service the outstanding debts, which inevitably will lead to collapse. Following the collapse, global central banks will crank up the presses in a vain attempt to save the system, destroying the currency.
Listen Here: Felix Zulauf on King World News