"Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves" Norm Franz, “Money and Wealth in the New Millenium”
18 December 2011
"By the way the European Central Bank will start printing as soon as they see deflation, which we can expect in the first quarter based on the fact that Europe seems to be slipping back into a recession. So with printing from the ECB, printing from the Fed, printing from the IMF, the Treasury shorting the dollar and the currency wars in full swing, how can this mean anything other than the price of gold going up a lot. So it looks like we are going to get flooded with dollars. One other thing I would add to that, which I think is extremely bullish for the price of gold, I’ve been talking about QE3, but there is something even more insidious than that which we may see. It’s called NGDP targeting. " Jim Richards
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