armstrongeconomics.com / By Martin Armstrong / May 15, 2013
really is no other word for politicians but brain-dead. They cannot
understand that what they are doing is the destruction of the economy.
They created the bank instability by failing to create a national debt
for reserves. Then the banks have to keep sovereign debt as reserves of
all members and then they default.
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Norcini has been stunningly accurate in his predictions of the
movement in the gold and silver markets. Now the acclaimed trader
discusses these incredibly important developments in key markets: “You
cannot create the kind of money the world is printing and not have any
repercussions, no impact, no consequences whatsoever. It simply defies
everything we have ever learned about economics.
The mindset in the West is that there is no inflation regardless of
what the central banks are doing with the money creation. Today lumber
futures made a 7 month low. That collapse in price is startling
considering the US is supposed to be on the mend with regards to
But as a result of slumping commodity prices such as lumber, demand for paper gold has been falling….
John Embry continues @ KingWorldNews.com