On the heels of Germany looking to repatriate their gold, today King World News spoke with top UBS analyst Peter Lee about his rather frightening forecasts for the US dollar and equities. Interestingly, his call for the dollar to plunge comes right after Germany expressed that it wants its gold out of the Fed and back inside German vaults. If Lee is right in his outlook, this will have massive global ramifications. Lee also provided KWN with some incredible charts to back up his rather ominous predictions for both the dollar and equities.
Here is what top UBS analyst Peter Lee had to say, along with powerful charts: “We are nearing a couple of inflection points coming up in the markets. There is a distinct possibility that all of this converges in the upcoming two-year window between 2013 and 2014. This will be greatly impacting equities, bonds, and currency markets.
Peter Lee continues @ KingWorldNews.com
“There are decades when nothing happens and there are weeks when decades happen.” – Vladimir Ilyich Lenin
Today acclaimed money manager Stephen Leeb told King World News the
reason Germany is only getting small portions of their gold sent to them
over the years is because the gold is not at the Fed. Leeb also
believes the United States is now running out of physical gold to sell
in their price suppression scheme. Here is what Leeb had to say:
“There are two main parties engaged in a battle for economic and
monetary supremacy in the world. This is China vs the United States.
Interestingly, at least for a period of time, both countries don’t want
to see the price of gold take off.
Long-time readers know I like investing in food production. It’s a good place to be in general, for some simple reasons.
Call it “X Date”, call it “D(elinquent/efault)-Day”, call it what you
will: it is simply the day past which the US government will no longer
be able to rely on “extraordinary measure” to delay the day of
reckoning, and will be unable to pay all its bills without recourse to
additional debt. It is not the day when the US defaults, at least not
defaults on its debt. It will begin “defaulting” on various financial
obligations, such as not paying due bills on time and in full, but since
this is something Europe’s periphery has been doing for years, it is
hardly catastrophic. It will hardly be pleasant, however, as some 40% of
government obligations go unfunded, and the US is converted to a
walking, talking bankruptcy as unsecured claimants rush to demand
priority, as the market, long living on hope and prayer, realizes that
only now is it truly without a cliff under its feet, and most
importantly, as suddenly $500 billion in maturing debt between February
15 and March 1 finds itself in a very, very precarious position.