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2012-08-07 — kingworldnews.com
Pento also issued this dire prediction, "What we will see going forward is a chronically weak currency, intractable inflation, onerous tax rates, a sovereign debt crisis and a depressionary economy."Â Because of this threat, Pento strongly urges, "... the allocation in your portfolio towards ownership of gold has now become mandatory."
...
The developed world's central banks are now foolishly preparing for a full assault on their respective currencies in an attempt to lower unemployment rates. Spurring these central bankers into action is persistently anemic markets and employment data, which they believe can be rectified by creating inflation."
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