the Truth: Another must listen

Wednesday, February 1, 2012

Another must listen

Excellent report from Jim Sinclair aka "Santa"

I agree 100 percent with what he says and that why I hold Gold
I believe currency collapses/hyperinflation in the current system can happen when there is a total loss of confidence in the system and that is what is happening and regardless of QE I believe that holding equities is dangerous at this time. What we have is basically a sovereign debt bubble which was transferred from private debts in 2008. When it bursts the entire system goes with it and that will take down currencies and equities.
The only thing left standing will be phyical assets such as gold, debt free property and debt free land

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Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money.” – Sir Josiah Stamp, Director of the Bank of England (appointed 1928) and reputed to be the 2nd wealthiest man in England at that time.