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FSN: NIRP VS. Gold, Part II

Monday, May 13, 2013 20:33
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(Before It's News)

Be prepared for the next great transfer of wealth. Buy physical silver and storable food.

by Andrew Hoffman
Miles Franklin

Read the Friday Afternoon Wrap-Up for 5/10/2013 and the Monday Morning Commentary for 5/13/2013

Last summer, yet another European crisis prompted short-term interest rates to plunge BELOW ZERO. Several nations even mandated short-term “NIRP” – or Negative Interest Rate Policy – to force investors to pull funds from banks and spend them; as discussed in my July 18, 2012 RANT, “NIRP VS. GOLD

Two days later – on July 20th – the ECB printed €100 billion to (temporarily) bail out the Spanish banking system…

Eurozone OKs bailout of up to €100 billion for Spanish banks

…and eight days later – on July 26th – “Goldman Mario” Draghi infamously stated the ECB would do “whatever it takes” to save the Euro…

Continue Reading at MilesFranklin.com…



Source: http://silveristhenew.com/2013/05/13/nirp-vs-gold-part-ii/

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