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Rick Rule continues:


“They are going to make it so that if you have worked hard and saved all of your life, you will be forced out of cash and bank deposits and into more speculative investments.  At the same time they are doing their very best to encourage the profligate behavior of people who borrow too much for sketchy enterprises.  They will also continue to do whatever they possibly can to fatten up the big banks. 


They like to vilify the big banks, but at the same time they are giving them access to low cost funds and then borrowing the money back from them to give them a positive yield.  It should be noted that some have looked at this announcement and said it is quantitative easing in different clothes.


Certainly one of the ways they will lower the interest rate will be to buy their own paper, as they have done in the past.  This is a long way of saying they are going to continue to counterfeit.


The interesting question is will this latest does of liquidity, albeit counterfeit liquidity, continue to provide the grease to keep the major markets calm?.... 


Continue reading the Rick Rule interview below...




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“If it fails, the other possibility is that investors and savers will see through the ruse and conclude this is the time to grab some of that liquid cash and get out of the way.  Whichever way this goes, the basic thesis that one should own assets like physical gold and silver, which can’t be counterfeited, is very, very much intact.  


People need to remember we are in a credit crisis.  The world has lived beyond its means.  At least the Western world has lived beyond its means for twenty years.  And what the political class is desperately trying to do is keep that lie together.  The lie being that you get richer by spending, not by working and saving. 


Understanding the contradiction in that lie is very important in terms of protecting ones own standard of living, while the standard of living of the society around you declines.  So these will be truly interesting times, Eric.


My suspicion is that public confidence with the big thinkers, and public confidence with their product (fiat currencies), will continue to wear thin.  People will be driven, whether they would like to or not, to gold and silver.  I think it’s sad this is the situation, but it is.


This is a global financial system increasingly based on institutional and government fraud and a monetary system that is based on confidence, based on fraud, based on force.  In that environment it is my suspicion that gold and silver are much more likely to trend higher than lower on an intermediate-term basis.” 


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Eric King

KingWorldNews.com

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