A dollar devaluation coming? What will happen to the price of PM?Submitted by DeleteInCorrect on Sat, 09/26/2009 - 09:18
Bob Chapman, on Alex Jones’s show, said he thinks the rug will probably be pulled within the next year and a half and the dollar will probably be dumped by an official dollar devaluation, giving the dollar a 2/3 haircut - one new one for three old ones. The new one being a world currency. It will come about through a coordinated debt default, a revaluation of all currencies against one another whereby they will probably chop off 2/3 of the the debt. Alex thinks they will only forgive the debt of the big institutions and globalist groups while increasing our taxes, putting us in a worse position than before the bailouts and stimulus. I think they may sweeten the pot to entice people to acceptance.
QUESTION: What do you think this new currency scheme will do to the price of gold and silver?
For those of you who think the new currency will be backed by gold and silver, remember the euro started off at 15% backing and is already down to about half that - come into my parlor said the spider to the fly. Besides, the IMF is selling off 1/8 of their gold. I think our best hope of prevention is an audit that gets at the Fed's dealings with the IMF.