Saturday, October 11, 2014

Charles Nenner: Scary Deflation on Horizon, Gold Update and Nuclear War

Economist Charles Nenner is not bullish on the global economy. Nenner says, “We should have a nice quarter until the end of the year, and next year, we should start weakening again. We had a normal business up move. The problem is the GDP never got up much above 3%. So, now we are going down from 3%, and that is kind of scary because I still see a lot of deflation on the horizon. That is something that is going to be very difficult to fix.” Deflation is debt destruction, and Nenner goes on to say, “It’s the destruction of almost everything.  Watch the following video:

The problem is we owe so much money, and you can only get out of debt by inflating. Deflation will only make it worse. So, I have no clue how we are going to get out of trouble.” Nenner goes on to say, “You are going to get into a downward spiral, which is very hard to get out of.”

Join Greg Hunter as he goes One-on-One with legendary market expert and economist Charles Nenner:


October 7, 2014 (Source: YouTube)


The Original
Vulture Speculator

Trading gold, silver and mining shares since 1980 with a focus on taking advantage of volatility extremes, Gene Arensberg analyses the markets through a basket of technical and fundamental indicators and shares his findings from time to time here at Got Gold Report. Mr. Arensberg has been quoted in the Wall Street Journal, Dow Jones MarketWatch, USA Today and dozens of other news organizations.

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