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Wednesday, September 19, 2012

Don't take my word for it:

Jeff Berwick of : “We’re on 0% interest rates . . . and quantitative easing (money printing) until the system dies.  We’ve never had a global system like this die before.  One way to protect your assets is to buy precious metals, but you better not wait too long to buy them.  It will be impossible to buy gold and silver in the next few years.  Dramatic changes are coming, most people in the U.S. will not see this coming.”

Jim Rickards: "It's almost as if the large banks can't make money without breaking the law"

Milo Jones and Philippe Silbersahn in Forbes: "At the highest level, bankers wittingly sell hazardous products they can know nothing about. Which is like having a nuclear missile division run by entertainment executives.  Brace yourself for the next banking crash, it's coming soon."

John Hussman: "Our prospective return/risk estimates are more negative than at any point in history.  The likelihood of extreme “tail events” is vastly enriched."

A. Gary Shilling,  "Well, I beg to differ with the 'It's so bad, it's good' crowd. Conditions are so bad, they're bad. All the immense monetary and fiscal stimuli here and abroad in the last five years have failed to offset the gigantic deleveraging in global private sectors. And they're unlikely to do so until global deleveraging is completed in another five to seven years."

JIM CRAMER (CNBC): "I don’t believe in fiat paper, I only believe in gold”
RAY DALIO: "There's No Sensible Reason Not To Own Gold."

Richard Russel: "Buying GLD is a trade, and holding gold coins is a move that theoretically is forever. For instance, if I had GLD, at some point I'd sell it, and hopefully show a profit. But I don't know when I'd ever sell the bullion coins. Sell them for what? For Fed-created fiat paper?"

 Marc Faber "our nation has a 100% chance of entering another recession... You ought to own some gold but don’t store it in the U.S., the Fed will take it away from you one day” 

Author G Edward Griffin who wrote the history of the Fed in 1984's "The Creature from Jekyll Island."  "We are in the middle of enormous changes to society that will affect your lifestyle, your livelihood and your financial wellbeing... that are playing out every day, while few people are taking notice."

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