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FSN: NIRP VS. Gold, Part II
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/
