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Mike Maloney is the author of the world’s best selling book on precious metals investing. Since 2003 he has been advocating gold and silver as the ultimate means of protecting wealth from the games played by our governments and banking sector. In this 90 minute presentation he lays down his ‘most likely’ scenario for the global economy over the next decade… short term deflation, followed by big or even hyperinflation.
Here you will learn the true definitions of inflation/deflation, the difference between currency and money, price vs value, ‘Wealth Cycles’, gold and silver accounting for the expansion of fiat currency, gold and silver supply and demand, the differences between the today’s bull market and that of the 1970′s, The Debt Collapse, and more.
“If you don’t know the game and the rules that we’re playing by, you’re gonna get slaughtered!”
Presenting to an investors conference recently in Puerto Rico, Michael Maloney shares his perspective on today’s global economy and how to get ready for the greatest wealth transfer in history. “I believe there’s going to be deflation first, and then, all of the world’s central banks will start printing like crazy to get us out of that deflation, and [U.S. Federal Reserve Chair] Ben Bernanke will be leading the charge.
The signs are clear, Mike continues:
The Fed buying up the U.S.’s own bonds from the Treasury, or Quantitative Easing. “That means there’s an emergency going on,” Mike says.
“You can’t have a debt that is 10 times the size of your economy.”
“The world’s stock markets and real estate bubbles have to continue crashing because all it is, is the market trying to seek fair value. It’s trying to seek equilibrium; this is what markets do. It’s their job.”
“Our entire currency system—it’s imaginary. It doesn’t’ really exist; it’s just that we’re all dreaming the same dream. If anybody chooses to wake up, it’s over with.”
“Here’s one thing people do not realize,” Mike says. “It does not take Ben Bernanke to print the dollar into oblivion for gold to go to $10,000, $50,000, $100,000 an ounce. All it takes are a few wealthy investors to try to get theirs before the masses to wake up, before the masses wake up, and the herd comes charging in.”
Why the greatest wealth transfer in history? Because, Mike explains, throughout history, each time the monetary system has changed (as it always does), gold has always risen in price to account for all the currency in circulation. Today, that volume of currency is enormous and growing.
People do not realize the scope of the coming wealth transfer, he continues: “If we have to go back to some asset-backed currency, the people holding non-asset backed currency, their wealth is transferred to the holders of precious metals….”
Just don’t wait until the rest of the world wakes up to what is happening, Mike warns—because by then, it will be too late!
If you would like to know more check out Mike’s websites www.GoldSilver.com and www.wealthcycles.com
Mike sends out a free weekly newsletter from each of the above sites each with valuable information on the economy and gold & silver, see you there.
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