Jim Puplava talks about inflation and its effect on so called “safe deposits” like bank deposit and CDs. If you’ve made any purchases lately you know that there is a disconnect between the high levels of inflation you have to face every day and the officially reported rate of inflation. The only thing bank deposits and CDs guarantee at today’s interest rates is that you are going backwards – your wealth is diminishing. George Soros talking about the reevaluation of the dollar versus the Chinese currency. Many countries are trying to diversify away from the dollar by buying commodities and precious metals.
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Video Rating: 4 / 5
Maybe the Fed should of bought 700 Billion to 1 Trillion in gold instead in 2007
his friend is basically saying that hookers & pot cost $ 20 a night for the time of your life.
Silver exports plunge! Possible rare metal export ban. China is getting ready, are you?
wonder if it’s too late to go back to a gold standard? just asking
Also a meeting took place in Bolivia solidifying 9 Latin American countries move to trade credits with the new “Sucre” by eliminating the dollar in 2010.
hmmm.. I was thinkin u got “stag” from stagnant.
Yes, stagflation is a real word.
How does the currency swap, which he mentions at the end of the video, cause the dollar to appreciate? He says that foreign central banks were buying assets with the money swapped with the Fed. Isn’t buying assets the the same as shorting the dollar?
lol “stagflation”, is that a real word?
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