Saturday, 10 October 2015

Global Economy Imploding Now


Multi-faceted analyst Warren Pollock says the 2016 election cycle is not the main thing to focus on. Pollock says, “This thing is a bread and circus clown show. They are there to provide you with entertainment as the velocity of money goes down, as the BRICS hit a brick wall, and as the first part of World War III breaks out in the Middle East between Sunni and Shia.”

On China, Pollock contends, “China will eventually overtake South Korea one way or the other using soft power or hard power. South Korea is the key to all the ship building of the world and the world’s naval capacity. . . . China is a land power, and the way for China to become a sea power is through Korea and southern Japan. . . . With China, it is a question of whether or not they can stay stable internally. That will be the trigger for war. As these economies unravel, the most dangerous economy to unravel is China.”

On gold and silver, Pollock says, “Initially, gold and silver will lose its liquidity; however, it will retain its value over time. You will be able to find liquidity over time. . . . Right now, you have your money in a bank, and that is giving you negative returns. Gold is not providing you with a negative return. It’s retaining its purchasing power relative to everything else. I would think gold right now is mispriced. Gold is an amazing value right now given the uncertainty. . . . This is not about the price of gold. This is about the price of liberty and who can dictate the terms and your value as a human being in a world where the value of human beings are declining.”

Join Greg Hunter as he goes One-on-One with Wall Street and financial expert Warren Pollock.