Unlimited Fiat Under Guise Of Currency Wars Sweeping Planet
February 20, 2013
Today 40-year veteran, Robert Fitzwilson, wrote the following piece exclusively for King World News. Fitzwilson, who is founder of The Portola Group, warns, “Unlimited creation of fiat currency under the guise of currency wars is now sweeping the planet.”
Below is Fitzwilson’s exclusive piece for KWN:
“Last week saw several amazing events. The first was the anticipated near miss of the asteroid known as DA14. The second was the meteor that “exploded” over Russia’s Ural Mountains, hours ahead of the arrival of DA14. The scary part is that the “anticipation” had only been since Spanish astronomers discovered the asteroid last February, and the meteor literally came out of the blue. There was no discovery and the anticipation could be measured in seconds.
For most of us, we have a sense that government entities and scientists have our back when it comes to these celestial car accidents. The truth is that only about 1% of the asteroids and comets have even been identified out of a possible surmised 1,000,000 candidates. As we saw, these objects can transfer kinetic energy on impact equivalent to an unthinkable number of nuclear explosions. Perhaps there is nothing that we humans can do about it, but we are in the midst of a celestial shooting gallery that could turn tragic and fatal if one of the major objects hits the planet.
Another amazing event that could have a monumental effect on our markets, economies and portfolios was a barely noticed warning coming from one of the main regulatory bodies in the United States, FINRA. The warning was about the risks and dangers of longer-term fixed income. We certainly agree with them, but it is extraordinary to see the power of the government behind that viewpoint….