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Silver Wheaton Corp. Message Board

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  • reticiiz reticiiz Feb 22, 2009 7:31 PM Flag

    Gold and Silver because every bank in the world is broke

    It's true there is no end in sight at the moment. Hard to be optimistic when this crises was seen coming years ago by few. World currencies will crumble and if we don't go to a barter system or new currencies backed by gold or silver then I don't know what will be the end. Hyper inflation is almost guaranteed in next year or two but how long will it last??? Clinton urged Chinese to continue investing in treasuries because that's a good investment! LOL They're desperate! If China doesn't than the FED will have to print paper for the government and then the hell will break loose as hyper inflation will eat up people's savings. Another possibility is that if people see actual inflation at work they will spend their savings on essentials, food and such which would most likely create both run on the banks to pull cash which would be dropping in value as assets rise but also to buy things such as food which would possible create empty shelves and also add to the hyper inflation of essential goods.

    There is no good news in sight as of yet and hopefully they can stop this mess soon or Gerald Celente might prove to be right.

 
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