Tuesday, June 21, 2016

Jim Sinclair- This Is The Biggest Bubble 
In The History Of Finance
Greg Hunter interviews gold & financial expert Jim Sinclair who says $10 trillion in negative debt is beyond stupid. Sinclair contends, "When you make the mistake of paying for the privilege for investing in an absolute insolvent, you are in the biggest bubble in the history of finance. When this tears loose, it’s going to be the biggest tear of the fabric of our lives that we have ever experienced. There are so many things happening and starting to unravel, but nothing is bigger than paying for the privilege of investing in an insolvent." .. Sinclair says don’t expect central banks to come to the rescue as they did in the 2008 financial meltdown. Sinclair says, “Think of the entities that are supposed to be the rescuing mechanism for insolvencies and illiquidity. You can go down the entire list, and they are themselves illiquid and insolvent. What does the world look like after that? Probably, it looks like Mad Max and the day after." .. 35 minutes

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