More than 6 years ago James Dines said to me in an
interview that before this cycle ends all fiat currencies would go to
worthlessness. This was an amazing call on his part because within
months of that interview the globe began to see competitive currency
devaluations erupt. Here is what the legendary Mr. James Dines is now
predicting for 2013 and what the world faces going forward: “This
is not the Great Recession the government talks about. This is really a
whole ‘New Social Order.’ It includes a lot of my old predictions
about ‘the coming end of the age of jobs’ and also travel. We’ve seen
soaring unemployment, and worldwide travel is being inhibited by
kidnapping and dangers of all kinds.”
“You are seeing increasing
government control and surveillance. I’ve frequently correlated this
with the books, ‘1984’ and Aldous Huxley’s ‘Brave New World.’ It’s very
important to understand what’s happening. In this restructuring that I
envision, it’s hard to see a positive side, but the seeds of (an
eventual) recovery are already being laid, especially by the debt
destruction of the deflation, and diminished expectations....
Dines also added:
“We recently began to predict the world’s coming peak gold production.
Furthermore, there are more dollars printed each year so, to me, it’s
unstoppable that gold’s long-term uptrend will continue. Without a link
to gold, paper currencies continue to careen crazily because they are
whipped by mass psychology.
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James Dines continues:
“The function of gold is that of a circuit
breaker, protecting against excess printing of paper money that causes
an inflation, which steals proportionately more from the poor than it
does the rich. The Fed is actually in charge of the blood bank here.
In effect, the Fed is Dracula in charge of the blood bank.”
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