Sunday, December 8, 2013

Eric Sprott: My greatest fear is that governments are broke

On Dec. 6, billionaire and asset manager Eric Sprott spoke on the current economic climate surrounding nations and central banks, and how the insolvency of governments is creating the biggest fear for the global financial system.
"King World News: What is your greatest fear going forward?  What’s your worry?
Eric Sprott: My greatest fear is that government’s are broke.  It’s so obvious, I mean, that’s the easiest call in the world.  And to think that 1000 economists have signed up for this (The Inform Act ), including 15 Nobel prize winning economists, is just tantamount to recognition of what the elephant in the room is."

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