(By Mike Maloney)
“What if you knew what the markets were going to do before they did it? What if you knew the ultimate destiny of stocks, real estate, and gold and silver?” That’s how Mike Maloney began his presentation at the Gold & Silver Summit in San Francisco last week.
Because global central bankers continue to print money, drive interest rates lower, run up debt levels, and spend more money than they bring in, we are headed for an even greater crisis than what we experienced in 2008. And because we know the road-map central bankers are using, we know how to invest. As Mike says, “Gold and silver are the only financial assets that come with a central bank guarantee.”
The guarantee isn’t something printed on a coin or bar; the guarantee is that central banks will never stop creating currency.
The next crisis will force central bankers to repeat all of the steps above. They’ll pull out the road-map Ben wrote in 2002 and implement the same strategies.And those strategies from central banks will drive gold and silver to gain more in purchasing power than any other asset. This is a brief moment in history where we know exactly how to position our portfolios.
This is a video by GoldSilver’s Mike Maloney. I enjoyed the video as Mike presents many interesting charts and graphs on the financial and economic markets. While I base more of my work on energy as the key driver to the economy, Mike is correct about the massive bubble, upcoming economic collapse and deflation. So, we agree on those main points, but for different reasons.
I highly recommend the video as Mike does an excellent job pointing out the huge anomalies in our financial and economic markets.
Lastly, I have taken it a bit easy this past week with publishing articles. However, I will be putting out some very interesting ones this week.
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