ALERT: Gold War Heating Up As Western Central Banks Move To Destroy Currencies
kingworldnews.com / November 28, 2015
On the heels of the Chinese stock market plunging 5.5 percent and gold hitting 5 1/2 year lows, today one of the top economists in the world sent King World News an incredibly powerful piece warning that the war in gold is now heating up as Western central banks move aggressively to destroy the purchasing power of their currencies. Below is the fantastic piece from Michael Pento.
By Michael Pento of Pento Portfolio Strategies
November 28 – (King World News) – ECB Sinks the Euro and All Fiat Currencies
European Central Bank President, Mario Draghi, has been trying to lower the value of the euro by promising to pursue inflation with a vengeance. His inflation rhetoric was stepped up during a speech he gave to Germany on November 20th of this year. In that speech Mr. Draghi vowed to “do what we must to raise inflation as quickly as possible.”…
Michael Pento continues: Draghi’s efforts to crush the euro have somehow been taken by Wall Street as a great opportunity to sell gold. But there shouldn’t be a person alive having an IQ greater than a mentally challenged ameba that can rationalize why it is appropriate to sell gold simply because of Mario Draghi’s obsession with creating inflation and destroying the euro.
The post ALERT: Gold War Heating Up As Western Central Banks Move To Destroy Currencies appeared first on Silver For The People.
Source: http://silveristhenew.com/2015/11/28/alert-gold-war-heating-up-as-western-central-banks-move-to-destroy-currencies/
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