Asset manager Nick Barisheff says, “There’s never been a fiat currency in history that didn’t end in hyperinflation and complete collapse.” [Got gold?] Words: 190
So says Greg Hunter (http://usawatchdog.com) here as he goes One-on-One with Nick Barisheff, CEO of the $650 million Bullion Management Group.
Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!), may have edited the article below to some degree for length and clarity – see Editor’s Note at the bottom of the page for details. This paragraph must be included in any article re-posting to avoid copyright infringement.
Hunter goes on to say:
Barisheff conveys that:
- Treasury Secretary Tim Geithner’s most recent call to have an “unlimited debt ceiling” for the U.S. was “just telling the truth” as that’s essentially what we have now with “open-ended” money printing by the Fed.
- “All it’s doing is postponing a problem . . . it makes it bigger and eventually it blows up.” Forget about remedies for the economy, it’s too late.
- “We’ve passed the point of this getting fixed.”
- If the Fed’s gold holdings are ever audited, there will be a “gigantic short-covering rally . . . multiple bankruptcies . . . and a massive loss of confidence” in the dollar because much of the gold is gone or leased out.
- The gold price could be “easily double” right now because he believes that, “What’s kept the price down is the artificial leased gold going onto the markets.”
Editor’s Note: The above post may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
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