When Will the Requisite Purge Occur in the World Economy?: An Interview with Bill King
A Look At This Week’s Show:
There are only two possible outcomes of this ongoing crises:
1) New and bold leadership will force a purge of debt and overspending (Paul Volker on steroids?)
2) The market will force the purge destroying everything in its path.
-For now, the only relatively sound action an investor can take is to stay liquid with cash and gold until one of the two forms of purge occur.
About the Guest: Bill King, has authored “The King Report” for over 18 years. It is an independent view on global, political, financial, and economic factors that influence world markets. Bill’s candid observations and forecast on the economic, financial, and political forces that are impacting the markets have been extremely accurate.
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