Today an acclaimed money manager told King World News that that the United States is now desperately trying to put a stop to an alliance between Germany, China, and Russia. Stephen Leeb also said investors must be overweight physical gold and silver in order to survive the coming chaos and shift of power that is about to occur.
Leeb: “Eric, right now I am focused on how hard it is for the world to get its act together, and how hard it is to start a recovery that is self-sustaining. The situation in Europe is getting dire. Germany reported yesterday that their GDP declined. Well, In the West a recession is a very, very serious thing....
“In the West if you
get a recession you begin to see extreme right and left politicians
getting a tremendous amount of support. I guess the most visible
example would be in France.
But
when you look at Putin’s popularity, despite the fact that the economy
is slipping, it’s unbelievably high. A Gallup poll just had Putin’s
popularity at an astounding 90 percent. This just shows that there is a
different dynamic as to what makes people happy in different parts of
the world.
Meanwhile,
the West hasn’t had any growth for many years. Just look at the price
of oil. Oil production is dropping and yet the price of oil is dropping
along with it because demand is just not there. And Europe is in no
position to tolerate the kind of economic decline it’s now staring at.
And
as you go further east in Europe, especially as you go to the Baltic
States where there is an embargo on food, this could play havoc with
those countries. We talk about Russia being just a $2 trillion
economy. Well, it is, and the U.S. is roughly $15 trillion. But what
does that matter because we have no trading relationship with Russia.
The Baltic States, however, have a major trading relationship with
Russia. And then there is this question about the Russian convoy into
the Ukraine.
So
things are getting out of control right now and this is the kind of
world we are living in, Eric. One of the Russian news channels was
saying that what the U.S. is trying to do is put a stop to the coming
alliance between China, Russia, and Germany. I’ve been talking about
this alliance on King World News for a long time. That is going to be
the world’s major alliance.
Underlying
that emerging alliance is this weakening in the West. Militarily the
West is in decline. The West is losing control in Iraq. They are also
losing influence in the South China Sea. You’ve got the Russian and the
Chinese navies together, along with all the latest military equipment.
What this means is that the United States is losing its hegemony. We
are losing it very, very quickly.
So
this is becoming a very different world. This is part of the ongoing
shift of power from West to East. The trade that is now being done
between the Baltic States and Russia is now being done in rubles. This
type of thing is putting the dollar at an even greater risk of losing
its reserve currency status. This will eventually trigger a move in
gold that will blow people away as gold skyrockets.
All
of this is escalating the move together between the yuan, the ruble, and
the mark, along with gold. I now think that time frame has been moved
up a bit. And because of that I think the Chinese continue to have a
very, very strong bid in the gold market. Judging by the action in
gold, whenever it looks like its getting ready to fall it gets support
coming in the form of bids from China. So my guess is you don’t have a
lot of downside risk in gold.
What
you are really waiting for now is when are you going to get that upside
in gold? In the meantime, I would still focus on silver. Despite
economic weakness in the world, I still think it will be a stronger
performer than gold. Silver is much cheaper for the masses to buy.
But,
Eric, I want to end by telling KWN readers around the world that they
have to be overweighted in precious metals. As the dollar falls from
grace, this will turbocharge gold and silver and also completely change
the way the world is being run. This will be a much more difficult time
in the United States because of massive inflation. This is why it is
so important that people protect themselves ahead of this coming chaos.”
沒有留言:
張貼留言