No bright future, hold on to the cash and gold, recommends Felix Zulauf

There are dark times awaiting us in the near future, according to Felix Zulauf. Riots in the streets, banks withholding your money, governments forbidding you from moving your money, these are some of the things that we can expect to come over us, predicted this world-renowned Swiss money manager.

If that looks too dark for you, you will need to reconsider. According to Felix Zulauf, not only is it possible, it is highly probable. If these ideas were being put forward by anybody else, it would be easy to dismiss them as the fear mongering rantings of a perma-bear. However Felix Zulauf is anything but that.

Felix Zulauf still confident in his January recommendations

As the events are piling up in Europe, the following says will drive the markets for the next few months. The Swiss investment manager Felix Zulauf is not worried of the elections that are coming around the world and remains confident in the prognosis that he made in the beginning of the year.

He confirmed that he is sticking with his January recommendations. In the short-term, equity and commodity markets are making a low. They are oversold.

Felix Zulauf predicts dark times for the Euro and nationalization of the credit system

The Swiss investment manager Felix Zulauf once again shared his extremely dark forecast for the future of the world as the owner and president of Zulauf Asset Management recently participated in Barron's Roundtable. Mr. Zulauf commented that the euro is a misconstruction. He reminded his January expectations, when he waited for the disintegration of this currency to begin in the second half of this year.

If that happens, it should lead the world into financial and economic chaos. The Swiss investment manager's two major themes into 2013 are euro disintegration and China weakness, due to the bursting of a real-estate boom.

Felix Zulauf considers the credit markets to be an explosive cocktail. The tower of debt is compounded by the gigantic over-the-counter derivatives market. In the past 10 years the notional value of derivatives worldwide has grown from $100 trillion to almost $800 trillion.