On the heels of the Chinese downgrading the United States, the US Dollar Index has plunged back below the key psychological level of 80, and the gold market has soared. Today one of the top strategists in the world told King World News that “there is no question this will end in disaster.” Cazenove Capital is the appointed stockbroker to Her Majesty The Queen, and their acclaimed strategist, Robin Griffiths, also warned that global stock markets may now be set to plunge.
Griffiths: “We know that the problems in the United States haven’t been solved — they’ve just been postponed a bit. The harsh reality is that the quantitative easing in the US can’t be taken away any time soon, and the enormous and growing debt mountain is going to be there for years to come. This will end badly.”
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