This is what is really happening in the US …
“When a country embarks on deficit financing (Obamanomics) and inflationism (Quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul
… and this would have happened under any elite puppet President and Fed chairman, not just under Obama and Bernanke.
The elitists are destroying the dollar and bankrupting America in order to destroy what is left of the constitution, the middle class and freedom.
You can protect your assets with gold and silver, as I’ve told people since 11 years now and online since the beginning of Infinite Unknown.
This is not a revenge as Marc Faber calls it. This is the master plan of the elitists to manifest their dream:
A fascist New World Order.
Marc Faber really gets started from 7:00 minutes into the video.
Give Marc Faber credit: Among the doomers, he sure does have a way with ideas and rhetoric.
“Dr. Doom” made an appearance on Squawk Box this morning, and he explained what QE is really all about.
See, in a democracy, everyone has one vote. If you’re rich and industrious and hard working, you have one vote. And if you’re illiterate and were born out of wedlock and are living on welfare, you have the same, one vote?
In Faber’s view, the elites are getting revenge.
By printing money, the earnings power of the proletariat is diminishing, while the assets held by the wealthy are going up. And at the same time, the wealthy are outsourcing more and more production to China, to further rob the masses.
So in otherwords, all we’re seeing is wealthy-on-poor class warfare.
When asked about silver specifically Faber remarked, “Well my friend Eric Sprott he maintains that there is a genuine shortage of silver and that may be the case so silver may still move up…Now with the loss of purchasing power of the dollar and other currencies people are concerned if they have say a million or a billion dollars that the value of these dollars will one day be next to nothing.
So they have to invest in something and so they look for real estate, they look for equities and of course they come to realize slowly, I have to say very slowly that gold and silver are not commodities in the sense of industrial commodities, but that they are currencies. Precious metals are basically currencies that are honest because you can’t increase the supply indefinitely. You can’t have QE2, QE3, QE4 in the gold market.
…If you print money everything will go up…and now the money printing doesn’t go into housing because we have an oversupply of housing, but it goes into equities and for Mr. Bernanke unfortunately into commodities. And this is lifting the cost of living of the median household, of the typical household in the US…Mr. Bernanke is a murderer, he’s a murderer of the middle class and the working class.”