Our friend Sean from SGTReport.com has released an interview with James Turk, Founder of GoldMoney from Spain discussing how the FED’s latest actions spell doom for the Dollar. James reminds us that what is happening in the United States RIGHT NOW thanks to the privately owned Central Bank always ends the same way: In disaster for the currency. We’ve seen it before: Weimar Germany, Zimbabwe, Argentina, Serbia… and we’ll soon see it in AmeriKa. James also revisits his decade long prediction of $400 silver and $8,000 gold. Turk sees these levels occurring as early as 2013-2105, along with hyperinflation. The fuse has been lit and time is running out.
Part 1: ‘This Always ENDS the Same Way: Zimbabwe, Argentina… AmeriKa’
Morning Mick ! We live in strange times - it's quite likely we will continue to see evidence of inflation for some asset classes co-existing with deflation in other classes . Banks have to shrink their balance sheets and this will result in deflation and that has just begun. I hope no one looks at gold or silver as a magical panacea for all that ails society - both are such to intense manipulation by the same banksters and governments who have created the financial sphere mess ! And there is no guarantee that either gold or silver won't be subject to confiscation attempts. Of course , if we see things get to the grab the gold stage here in the US , it would be clear no safe haven exists and the banksters will have flown the coop by then anyway.....
When everyone is screaming "buy gold!!", "Hyperinflation!!!" I have to think the opposite will happen.
ReplyDeleteMorning Mick ! We live in strange times - it's quite likely we will continue to see evidence of inflation for some asset classes co-existing with deflation in other classes . Banks have to shrink their balance sheets and this will result in deflation and that has just begun. I hope no one looks at gold or silver as a magical panacea for all that ails society - both are such to intense manipulation by the same banksters and governments who have created the financial sphere mess ! And there is no guarantee that either gold or silver won't be subject to confiscation attempts. Of course , if we see things get to the grab the gold stage here in the US , it would be clear no safe haven exists and the banksters will have flown the coop by then anyway.....
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