Man That First Spotted QE4 Now Says Gold To Break $10,000
December 28, 2012
Today the man that spotted QE4, before anyone else in the financial world, surprised King World News when he boldly predicted that gold will eventually trade above $10,000 an ounce. Pento also warned that in the first half of 2013 Israel would attack Iran, sending oil prices skyrocketing to $170 a barrel.
Here is what Michael Pento had to say in this extraordinary interview: “The charade of independence between a government and their central bank is being shattered throughout the developed world. Let’s just take a look at Shinzo Abe, and the Bank of Japan. Abe comes in and he has a 2% target of inflation. Right now inflation is negative in Japan.”
Michael Pento continues:
“So he (Japanese Prime Minister, Abe) has promised to declare a war on the Japanese middle class. He has also declared a war on deflation and he is saying he is deliberately attacking the value of the yen and has a specific inflation target of at least 2%.
Now that sounds very familiar to what we have with Mario Draghi, and doing whatever it takes to control the entire bond market of Europe….