Liberty Forged

the State has no money of its own, so it has no power of its own. ` Nock

Ahead of the Curve? Hilary Kramer on NBReport

Posted by Jesse on December 25, 2008

Listen to this podcast here. Hilary between 16 and 18 minutes. Partial transcript available as well.

The US dollar and it is a major problem that I see that ruling because ultimately it creates inflation right now. We are printing so many dollars, did you know that some were outsourced to Switzerland to print…But what’s happening is it’s too much money being printed and and we [need to have recovery] it’s just an economic equation ….we will have significant inflation….. I see recovery with gold. Because what happened is that dollar down you’re going to have other investors around the world in China in Europe starting to look for other currencies other forms of investment……. I do absolutely I think gold could reach 1400 dollars to — during 2009.

Paul Kangas: Back here at home what happens to the employment picture?
I believe… that the unemployment …..will rise to 10%, but real unemployment, True unemployment, those who aren’t working ….could reach 20%. I’m seeing it pervasively across the board in all industries and all demographics especially the auto industry.

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