Sunday, June 23, 2013

I have stated NUMEROUS times that there will be ABSOLUTELY NO HYPERINFLATION and those stories are total NONSENSE to sell precious metals. The decline in gold is NECESSARY to shake the tree the same as it was in Japan where the Japanese carried their long position into the gutter. However, the key here is that interest rates are starting to rise. Bernanke is leaving because he can see what is coming. As the rates rise, then the deficits will rise but government will get even more aggressive than what we have seen to date. I have warned that the ONLY way to see inflation rise REQUIRES interest rates to rise not DECLINE. Low interest rates are DEFLATIONARY, whereas rising interest rates are INFLATIONARY.
So get these corrections correct and you will save a fortune.

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