1/25/2012 : Sprott Asset Management's John Embry interviewed by Mineweb - John Embry believes that the prospect of global "Weimar situation" is very real and bullish for gold. "If the economies are as damaged as I think they are, particularly in Europe, (I don't think they are as good in China or the US as they are trying to crack them up to be).... I think gold and silver prices could conceivably see the biggest percentage gains this year that they've had in the entire bull market" John Embry said "There's an excess debt issue in virtually every country of any import in the world and the chance of growing out of it are zero. I am a big believer in Austrian economics which says growth requires more and more debt creation. We can't support the debt we have already. We have seen that in vivid fashion in Europe," he added
Wednesday, January 25, 2012
Bob Chapman - Sovereign Economist - January 18, 2012
Bob Chapman - Sovereign Economist - January 18, 2012 : we have a downgrade for Italy, coming from Fetch , Germany itself is not immune it was downgraded from AA to AA- by a European grading agency and the reason is because Germany ( with the federal reserve in this case ) is guaranteeing all that it which is on the hook too which makes sense
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