from King World News
The perfect storm is brewing in the gold market and “this time the situation is infinitely worse.”
“This Time The Situation Is Infinitely Worse”
April 17 (King World News) – Alasdair Macleod: “The difference between Lehman and now was that Lehman was basically a rescue of overstretched banks which basically got caught with collateral falling apart from under them, and we’re talking about one specific type of collateral — residential property. This time the situation is infinitely worse. And the reason I use that word ‘infinitely’ is that it will require infinite money printing in order to stop asset values from collapsing. We have already come up with a list of things which the Fed is going to support (laughter), and the numbers are just absolutely enormous.