May 26, 2012

Eric Sprott states that governments are scared of market sell and panic liquidation

After Lehman’s failure and the market crash back in 2009, governments around the world are worried that it could happen again and are doing everything they can to avoid it. Fannie, AIG and GM of course were taken over to prevent and avoid this kind of panic liquidation event. Still Eric believes that the market is continuing liquidating no matter what the governments and powers want them to do. Eric Sprott believes that the process is getting bigger and forming itself into a tsunami…

This information was taken from a recent interview by King World News. Feel free to read the interview here:

Eric Sprott is a Canadian hedge fund manager and founder of Sprott Asset Management. He became a billionaire on paper with the initial public offering of Sprott Inc., the parent of his Sprott Asset Management firm.