This Will Create Panic, Crush The Fed & Send Gold Soaring
Eric King: “How destabilizing could this be to the entire financial system?”
Pento: “I think it could be exponentially worse than what we experienced in the collapse of the dot-com bubble and the collapse of the real estate market … The bond market has already started to taper for the Fed … Interest rates are set to soar. The Fed doesn’t realize it yet, but they will soon.
Interest rates have already started to climb. That’s just the beginning — I think they go to 4% by the end of the first quarter of 2014, and that is where your watershed moment occurs where the Fed says, ‘Enough! We are now permanently in the business of manipulating the long-end of the Treasury yield market.’ That’s when you had better be exposed to precious metals and mining shares because these investments should then soar in price.”