Nomi Prins – Gold and Fed Debt Go Up Together
- Greg Hunter
Three time best-selling book author Nomi Prins says gold prices are going to “follow the expansion of the Fed’s balance sheet.” It is that simple, and Prins predicts, “As we saw in the wake of the financial crisis of 2008, gold and silver will have the ability to go up quite substantially as the Fed’s book increases in size, which we know it is going to do. We have been told that multiple times by many different words by Federal Reserve Chairman Jerome Powell.”
In closing, Prins says, “We are continuing to drive up asset bubbles where we don’t have the real economy to back it up. The more this ‘Permanent Distortion’ gets bigger, the more the likelihood the next crisis will happen . . . and it will be from a higher height. It will be from a larger bubble, a bigger snowball accelerating downward more quickly. I don’t think we are out of this crisis. I think the markets are going to have a bumpy ride as the economy has a bumpier ride.”
Join Greg Hunter as he goes One-on-One with three time best-selling author Nomi Prins.