Many economists and people of influence are telling us that the world’s economy is on the verge of implosion. Certainly all the QE and 0 or negative interest rates can’t keep us afloat forever. As Ron Paul pointed out recently, the market will one day raise interest rates and at that point implosion is inevitable.
Add to that the massive uptick of military exercises seen worldwide and Jones’ warning doesn’t seem so far-fetched.
From the Greek-Euro crisis to gold’s sudden rise in popularity, the writing on the wall points to unavoidable economic doom.
On the eve of the Jade Helm military drill set to take place next month, Texas Governor Greg Abbott indicated his distrust of the Federal Reserve’s fiat monetary system in a move to repatriate $1 billion of goldback to his home state.
Countries such as China and Germany have made similar moves, with the German Central Bank, or Bundesbank, earlier this year saying it also has plans to repatriate 300 tonnes of gold from the New York Fed by 2020.
Just today, British hedge fund manager Ian Spreadbury, who handles billions in investments, revealed he warns his clients of the market’s “systemic risk,” and said he advises them to store “physical cash” due to its overwhelming volatility.