$150 Silver & An Ocean Of Paper Money To Flood The System
September 12, 2012
Today acclaimed money manager Stephen Leeb told King World News, “There is no doubt that the Fed is going to print hundreds of billions of additional dollars.” Leeb also said, “They (the Fed) will have created multiple trillions of dollars and it won’t stop.” Leeb also said that in this environment, “… silver is easily going to $150.”
But first, here is what Leeb had to say about the situation in Europe: “I think the German high court decision was expected. It won’t have any effect on Europe’s ability to reflate. Bond purchases will take place, and Europeans now recognize they are all interrelated. If something happens to any of those big economies, Spain, Italy, etc., they all go down.”
Stephen Leeb continues:
“That’s a big deal, Eric. That’s the big takeaway from the last couple of months. Europe, they are going to be creating a great deal of money. The implications for precious metals, gold, etc., are very, very positive. They’ve printed a ton of euros already, but guess what? The euro today, at 1.29, is higher by about 5% vs its average since the beginning of the century.
This is with Europe experiencing tremendous problems. Now what does that say about the US dollar? It says that it’s a terrible currency….