Mike Maloney: Bond Bust Will Be Biggest Crash In History

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November 24, 2015 12:07pm NYSE:BND NYSE:BOND

market correction bearGreg Hunter:  Precious metals expert Mike Maloney says we are experiencing a “rollercoaster crash.” 

Maloney explains, “The second half of the economic storm that started in 2007 and crashed in 2008, we’ve been in the eye of the hurricane from 2009 until today.”

“The second half of this economic storm is about to start.  I believe in 2016, we are going to see something happen, and 2017 will probably be pretty bad for the general economy.  If we have a currency crisis, a recession, and this changing monetary system all together, it will be absolute chaos.”

Maloney says you can blame a lot of this wild ride on the Federal Reserve.

Maloney contends, “We’re going into the Bernanke bust.  The 2008 global financial crisis was of Alan Greenspan’s making.  Ben Bernanke just reacted to it.”

“It was caused by Alan Greenspan’s reaction to the crash of the NASDAQ.  So, we had a crash of the stock market in 2000.  Alan Greenspan over reacted and held interest rates down too long to try and get the stock market reflated and get it back up. ”

“He accidentally created a real estate bubble.  The next crash was both stocks and real estate.  This time, it will be stocks, real estate and bonds.  So, this is going to be the biggest crash in history.”

” This bond market bubble is something that has been constantly inflated for the past 35 years.  When it pops, it’s going to be devastating.  A bond bubble bursting is deflationary.”

Where does that leave gold and silver?

Maloney says, “In the last great deflation, which was well studied, the Great Depression, gold rose 70%.”

“If you owned gold, you ended up with two and a half times more purchasing power.  One of the few assets that actually did well in the last great deflation was gold.”

Join Greg Hunter as he goes One-on-One with Mike Maloney of GoldSilver.com.

(There is much more in the video interview.)

This article is brought to you courtesy of Greg Hunter from USA Watch Dog.

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