Zulauf - Financial System Trapped & Capital Controls Coming

"Today renowned money manager Felix Zulauf warned King World News that the global financial system is trapped and capital controls are coming.  Zulauf, founder of Zulauf Asset Management and 20+ year Barron’s Roundtable panelist, also discussed the difference between the horrendous challenges facing the world in the 1970s vs. today.  Below is what Zulauf had to say in Part II of his powerful interview series.

Eric King:  “Felix, even though what we are going through today is unprecedented, is it going to be much worse than what we saw in 1979/1980?  That was total panic as that (cycle) crescendoed.”

Felix Zulauf:  “In the late 1970s we had a big inflation problem.  We had much more demand than supply, not just in goods and services but also in labor.  Therefore, it was a highly inflationary world which was fed by the central banks, not knowing what they were doing because it was new...."

at http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2014/4/25_Zulauf_-_Financial_System_Trapped_%26_Capital_Controls_Coming.html