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Max Keiser talks with Stacy Herbert about Obama 's economic reforms and it's effect on the price of gold. there is now a hedge fund in UK that is priced in gold (basis). Fiat currencies around the world are collapsing. Derivatives in debts (Bank of International Settlements) is about 500 Trillion dollars. Black hole of debt (deflation) is expanding will result in government sponsored INFLATION. If price of gold was priced in derivatives, it would be $30000 per oz. recorded on January 31st 2009... |
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| Time: 10:47 | More in News & Politics |