Stephen Leeb tells King World News:
“I see what is happening as the beginning of the end. I also continue to see what is taking place as a tremendous gift to China. We are just giving power to China -- just handing it over to them. It’s as if we lost a big poker game to China, or we are in the process of losing.
Yes, the US will probably pass an extension on the debt ceiling, but we are like blind men right now and we are just taking another step toward the cliff. The only reason we are able to continue with business as usual is because there is nothing better than the dollar right now that people or countries can easily turn to as a currency.
There is gold, and gold is much, much better than the dollar. The more I look at the manipulation that’s going on in the markets, and I’ve ...