Quote For The Week
Financial analyst Eric King talked about gold and silver on the Financial Sense Newshour this weekend, and warned listeners:
Sphere: Related ContentBut I want people to listen carefully to what I’m about to say to them. Do not listen to statements made from this government. Ignore them. Ignore statements made by Paulson, who is retiring in November right after the election. They have been consistently wrong in all of their statements. They have lost control of the system, in my opinion, and the system is breaking right now. The United States banking system is insolvent, and they are trying to keep this hidden from people and try to get more suckers to put more money into these banks, but the suckers are not lining up anymore. A big tax bill is going to be laid on the American public, and as Greenspan stated in Belgium, the Federal Reserve, and even the Treasury, stands ready to create money without limit. We are about to go into that phase now where we are going to have very serious money printing, and the Fed knows it, Paulson knows it, the Treasury and Bernanke know it, and because of that they had to crush these metals ahead of that…
August 23rd, 2008 at 11:50 am
The 60 year cycle is over, which started in about ‘46 ‘47 or so. There will be enough pain to go around for everyone, except for the super rich, who could not care less. We are in about the 4th or 5th ending and the cover is about to come off the ball (US Economy). Next all the yarn comes off and then we are back to the real CORE. Back to normal, what every that maybe, in let’s say 7 to10 years. Weimar Republic vs the
US Banana Republic will be the head lines.
quote from MO 2007
ps Gold and silver will be the only asset to the holding during inflation times(NOW) and only gold during deflation and depression
August 24th, 2008 at 12:39 pm
Thanks for the comment MO Petra.