Craig Hemke & Eric Sprott – Interest Rates, Gold and US Dollar

Craig Hemke & Eric Sprott – Interest Rates, Gold and US Dollar

This week, Eric Sprott discusses the recent moves in the U.S. dollar and interest rates and how these changes are impacting the gold price.

No one, not even the money masters, can predict the future and no one can predict the market. The money printers can create currency to whitewash a situation like DB, however, they can not whitewash the derivatives market that is the underpinning of these too big to jail banks. $47 trillion at DB alone, another $70+ trillion at JPMorgan and that’s just two. The opaque derivatives market is the problem. Once something gets moving through this market it will be almost impossible to stop. The daisy-chain of interconnectedness is on such a scale that a handful of derivatives could set the banking system ablaze. When you are talking about $700+ trillion of “financial instruments” going belly up the whole world has a problem.

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Sprott Money

Various authors presenting analysis and commentary on the precious metals, economy and precious metals mining markets.