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Sunday, August 26, 2012

Eric Sprott: Economic Collapse is staring us in the face!

Today billionaire Eric Sprott spoke with King World News about one of his frightening predictions, “I always postulated that the financial system would go bankrupt, and it has, save for one thing, it got bailed out.”  Sprott, who is Chairman of Sprott Asset Management, also added, “But I don’t think the central planners have a winning hand here.  They’re not going to win.”  


Sprott also added: “I always postulated that the financial system would go bankrupt, and it has, save for one thing, it got bailed out.  But it was bankrupt.  So, yes, they’ve deferred it and pushed it out.  This has all played out according to script, although people interfered with the script. They changed all of the rules with things we had never heard of in our lifetimes.  But I don’t think the central planners have a winning hand here.  They’re not going to win.  God knows when we get there (to the end of the current system) what we are all staring at.  


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