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Tuesday, September 4, 2012

Transcript: The Great Fiscal Cliff of 2012-13, Part I — Money and Markets

Fiscal Cliff forecast #5: The Fed will ultimately unleash a new round of money printing, setting up some of the worst inflation in our history!

The Fed will use those printed dollars to supposedly “pay” America’s gargantuan debts. But it will be a de-facto default. And it will flood the world with those unbacked dollars.

As always, each newly printed dollar will reduce the buying power of every other dollar in circulation. So if history is any indication, we’ll be sentenced to years of skyrocketing inflation.

You will see a worldwide panic to buy gold, and there’s no limit to how high it will go when measured in devalued U.S. dollars. You will see a parallel panic to buy silver, also with no ceiling to how high it can go.

As a linchpin of my Writer-Publisher-Curator strategy, make your money as quickly as possible, live lean, and put the money in gold and silver now.

Posted via email from iPT Perpetual Traveler

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