Trader and forecaster Rick Ackerman says, “As far as the Fed getting off the easing regimen, it’s not possible . . . You’d kill the system right now. There’s no way out, and although we put off the day of reckoning, it can’t be put off indefinitely.” Obama Care is one of the biggest headwinds facing the economy. Ackerman says, “January 1st, everybody is going to get socked with at least a 30% increase in their insurance premiums . . . Obama Care is the worst bill ever . . . I don’t see how the economy can survive it.” Ackerman does not believe gold prices will skyrocket but contends, “One thing I have always been absolutely confident about is that gold, relative to any other asset you can think of, will hold its purchasing power.” Ackerman fears confiscation of bank deposits and says, “All depositors everywhere should be scared for their money. Cypress should have spooked the whole world, and it did! I think it makes the likelihood of some sort of black swan event even greater.” Join Greg Hunter as he goes One-on-One with Rick Ackerman of RickAckerman.com.
Greg is the producer and creator of USAWatchdog.com. The site’s slogan is “analyzing the news to give you a clear picture of what’s really going on.” The site will keep an eye on the government, your financial interests and cut through the media spin. USAWatchdog.com is neither Democrat nor Republican, Liberal or Conservative. Before creating and producing the site, Greg spent nearly 9 years as a network and investigative correspondent. He worked for ABC News and Good Morning America for nearly 6 years. Most recently, Greg worked for CNN for shows such as Paula Zahn Now, American Morning and various CNN business shows.