And Silver!

Remember:  ALL fiat currencies throughout history have failed.  ALL of them!

“But of course, since the laws of economics don’t apply to the U.S., we don’t have to worry about debt.  Isn’t that what those in D.C. must truly believe?  Well the U.S. needs to take a look at what happened in Germany this week.  We just may have witnessed the nucleus of Europe split.  Germany failed to get bids for 35% of the 10-year bonds offered for sale today, sending its borrowing costs higher.

Not having bids for 35% of your action means that the auction has failed.  With interest rates now rising in Germany, how will they also be able to stop rates in Spain and Italy from soaring?  Higher interest rates in Germany may push the Bundesbank and the ECB over the inflation edge, causing Mario Draghi to rapidly ramp up the Euro printing presses.  It is either assent to printing trillions of Euros or watch the Eurozone crumble into the dustbin of history.

Given that horrific scenario, I expect the ECB to follow the pattern of all previous central banks and pursue an inflationary bailout with alacrity.  That means gold will most likely experience a significant increase in price in 2012 when measured in dollars, but even more when measured against the Euro.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/11/29_Pento_-_Money_Printing_to_Cause_Significant_Gold_Move_in_2012.html

Speak Your Mind