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The Most Productive Man In History


By Egon von Greyerz Founder of GoldSwitzerland

May 17 (King World News) - As precious metals investors worldwide are concerned about the correction in gold and silver let me tell you that you must not be.


The incredible concoction of debt, derivatives (that will never be repaid with normal money) and accelerating fiscal deficits in most countries will guarantee money printing in unlimited quantities....


Continue reading the Egon von Greyerz interview below...




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“And Bernanke (and his successor) and fellow central bank heads will not disappoint.  The only important criterion in the job description of a central bank chief is that he/she is willing and able to print whatever is necessary and in the next few years that will most likely involve printing 100s of trillions of Dollars, Euros and Yen.


YOU AIN’T SEEN NOTHING YET!



So it is guaranteed that Bernanke and other central banks will continue their superb productivity.  Bernanke has of course been the most productive man in history.  In his 7 years as Chairman of the Fed he has printed more money than during the whole history of the USA.  US Federal Debt has between 2006 and 2013 gone from $8.4 trillion to $16.8 trillion.  Bearing in mind that it took 230 years for the US debt to reach $8.4 trillion in early 2006, this is quite a feat achieved by Bernanke.


THE 7 BERNANKE YEARS



But this is of course just the beginning.  Bernanke (and successor) will not only have to print for the US.  They will have to print and give money to the IMF, to the ECB, to the BoE, the BoJ and to cover $1.1 quadrillion of derivatives which will be worthless.  It is unlikely that the world’s central bank computers will have enough zeros to cope with this infinite money printing.


And what will be the best way of measuring the monetary effect of this money printing?  That will of course be physical gold which has been money for 5,000 years whilst no fiat currency has ever survived.  Thus as money printing and debt go exponential so will gold.  But hold it in physical form and not in a bank.


DEBT AND GOLD WILL RISE EXPONENTIALLY 



IMPORTANT - KWN is about to release the second Andrew Maguire written interview.


© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The audio interviews with Andrew Maguire, Art Cashin, William Kaye, James Turk, John Hathaway, John Embry, Dr. Paul Craig Roberts, Jean-Marie Eveillard and MEP Nigel Farage are available now.  Also, be sure to hear the other recent KWN interviews which include Eric Sprott, Marc Faber and Felix Zulauf by CLICKING HERE.


Eric King

KingWorldNews.com

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