Friday, August 15, 2008
Everyday commodities continue increasing in price to soak up the massive quantities fiat money being printed. But the credit system used to pump new money into the economy is dead. So one by one deflation will take hold. You are seeing it happen in Real Estate. Prices will spiral downward because people will not want to part with their money if they have any. The central banks are selling gold and silver to drive the drive down the price to spook people into selling theirs. That's for suckers! Buy the precious metals if you can.
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