Bill Fleckenstein has long warned that the money printing era will implode.
So we were surprising to see him calling on Europe to print more money. He tells King World News:
“The fact that the Europeans have gotten themselves in this mess, where they pretend like they are not going to print money and then they do print money. But they don’t ever print enough to get past this point.
“Nor do they say, ‘OK, we’re going to actually be a hard currency and suffer the consequences.’ No one is willing to do that in this day and age. So you’ve got this constant distraction of stumbling around in Europe and there is this fear that they will do something really stupid and the banking system will collapse.