Chris Whalen: Expect Bank Holidays in Europe & Higher Gold
December 21 — With gold and silver stabilizing, while concerns about the health of the banking system, on both sides of the Atlantic, continue to persist, today King World News interviewed Chris Whalen, who is now partnered with Jim Rickards over at Tangent Capital. When asked about continued money printing and where we are headed, Whalen stated, “Well, I think the dollar continues to muddle along. So I see the dollar continuing as the means of exchange for global commerce, but it’s definitely not a store of value. Nor has it ever been. Hayek wrote this very well in ‘The Road to Serfdome, that in a democracy, no government could resist the temptation of inflation.’ You would have to have a perfect dictator, along a Greek model, and I don’t think we’re going back there.” Red more.
