Greg Hunter – Macroeconomic analyst Rob Kirby warns massive money printing in the billions of dollars each and every day by the Fed in the repo market is “a sign we are getting close to the end.” Kirby says the world is awash in fiat money and contends, “We are being primed for a major, major catastrophe in the financial world.
I believe we are probably on the eve of it in that something nasty comes our way very, very soon. The amount of money being created is so much bigger than what is being acknowledged. It wreaks of desperation.
Metaphorically, someone is driving around and they’ve got a dead skunk in their trunk, and they are wondering what the smell is. I can smell what is going on in the financial world, and it stinks. It stinks beyond belief, and the whole world is waking up to it.
The smart ones are waking up like the German central bank, and they are resuming purchasing gold. . . . The biggest signal is the German Bundesbank is buying gold. They were part of the club. It’s been forbidden for any central bank in the western world to buy gold for many, many years now, and when the German Bundesbank says it’s buying gold, Katy bar the door.”