GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Thursday, May 31, 2012

James Turk and Robert Prechter on Gold & Inflation vs deflation

Robert Prechter and James Turk on inflation vs deflation Although I am in the inflationist camp, I actually enjoyed this interview. James Turk is brilliant as always - great insight combined with respectful delivery.Robert Prechter was always a deflationist , while James Turk is an inflationist , who believes that gold will soon be worth $8000 an ounce .... the simple fact is the politicians will ALWAYS opt to kick the can down the road if they can, to maintain their POWER/CONTROL. Currency debasement IS kicking the can. They will inflate.As the nations around the globe decide they want something other than USD, all that cash around the world, about 50% of all USD, will come right back into US borders and flood our local money supply with more paper.We hardly export a thing other than USD's,

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