Why are big money managers and investors like Ray Dalio and Mark Mobius telling people to buy precious metals? Do they see the economy hitting the wall? Analyst and entrepreneur Karl Denninger says, "Everyone sees the wall. Everyone sees the problem. The monthly Treasury statements are public. Go pull it up on a computer. . . . It is the general ledger of the federal government, and it's terrible. The thing is everyone knows it is terrible, and it has been terrible for a long time. It was terrible when Obama was President, and it is terrible now."
Karl Denninger is an American technology businessman, finance blogger, and political activist, sometimes referred to as a founding member of the Tea Party movement. His website is The Market Ticker.