Monday, March 16, 2015

Billionaire Warns: “Mother of All Collapses” Coming If Central Banks Stop Buying Bonds

 Mac Slavo
March 16th, 2015


Self-made billionaire and founder of Sprott, Inc. and Sprott Asset Management, Eric Sprott, gave a dire warning about the state of the system that makes clear the globe is hinged on little more than a little Dutch boy with his finger in the dyke.

Obviously, with a crack in the dam, the flood can’t be held back forever.

In an audio interview with King World News that can be heard here, Eric Sprott made clear that the central banks are the only ones holding up the illusion.

Case in point is the rise of negative interest rates, which Sprott called ‘preposterous.’ Offering negative returns to investors, the instruments are clearly unsustainable.Sprott told King World News:


“So who’s going to buy it? Who in their right mind would be buying bonds with a negative yield? It’s just so preposterous. And all of the sudden if the bond buyer is not there — we used to think it was so great that China would buy our bonds. They don’t buy our bonds (anymore). Russia used to buy our bonds — they (now) sell our bonds.
Read more http://www.shtfplan.com/headline-news/billionaire-warns-mother-of-all-collapses-coming-if-central-banks-stop-buying-bonds_03162015