All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
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Tuesday, April 26, 2011

James Turk : The Dollar on the path to Fiat currency graveyard

James Turk & Chris Waltzek - Goldseek Radio April 26, 2011

James Turk of : I am anticipating a waterfall decline of the dollar in not a very distant future , as we are getting close to June when the FED have to decide whether to stop the Quantitative easing or stop it , but the reality is I do not see how they can stop Quantitative easing says James Turk , giving that the politicians in Washington continue to spend like there is no tomorrow that debt got to be financed somewhere and it is going to be financed by the printing press that's very very inflationary , ...the silver remains in backwardation where the spot month is higher than the future contracts in December 2015 and that's about a 65 cent backwardation which is very very rare event but it's an indication of how tight the physical market is

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