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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