It’s often the case that, despite countless warnings from those considered to be fringe lunatics, the vast majority of the populace is blindsided by horrific, paradigm-altering events. The signs are almost always there, but people simply refuse to believe it can happen to them. ”It” always happens somewhere else, and we get to watch it play out on television from the comfort of our living rooms.
But, as financial guru and strategic investor Bill Fleckenstein points out in the following highly insightful interview with King World News, America’s fantasy of unlimited borrowing, consumption and confidence will soon be revealed for the sham that it really is. And when the masses realize what has happened – that the government and Federal reserve are trapped and the “great unwind” finally begins – it will lead to nothing short of widespread panic on a level never before seen.
And this time, it’ll be right outside of our front doors.