Wednesday, January 9, 2013

A Black Swan Event, Global Monetary Reset & Chaos

"Gold and silver were higher against all the world's major currencies last year, which is an important point. National currencies are being destroyed by misguided government policies. So while the purchasing power of these currencies is being eroded, the best governments can do and the most they can expect is to try keep the gold price from rising faster than the rate at which the purchasing power of currencies is being debased.

This battle is what the phrase ‘managed retreat’ is all about, and it is indeed a retreat. The central planners are losing the war, as evidenced by the fact that gold has now risen twelve years in a row at an average annual rate of 16.8% per annum...."

- James Turk via a recent King World News interview, read the full interview here: