Felix Zulauf: We May Have a Lehman, AIG, and Citi in One Day


I’ve never heard of Feliz Zulauf, but he gives an excellent interview. He believes currencies will eventually devalue

sharply in a very short period of time, which will bring about a global currency reform. I’m basically in the same camp. In many ways, the debt crisis we are facing is unprecedented since it is so global in scale. We will eventually eliminate debt synthetically; the only question is what the corollary effects will be.

“A lot of big money investors have realized that they need to hide in a currency that has no liabilities and cannot be printed out of thin air by pushing a button…and that’s what’s so bullish for gold.”

To hear the full interview, click here.

http://www.expectedreturnsblog.com/2010/05/felix-zulauf-we-may-have-lehman-aig-and.html