Michael Pento: Why We Can All Kiss This Financial System Goodbye!

• Why We Can All Kiss This Financial System Goodbye! 
  by www.kingworldnews.com
  Today Michael Pento gave this dire warning to King World News, “The bottom line is we have a world which has been dominated by fiat currencies, and we are now experiencing the end, the final throes of that failed global experiment in a purely fiat money based system.”
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  Pento also warned, “Clearly Europe has chosen inflationary default … but let’s not forget the United States.  The US is about two years behind Europe’s pernicious path.  We are now over 100% debt to GDP, and if we want to know our future, all we have to do is look across the Atlantic because that’s exactly where we are headed.”
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  Pento went on to discuss gold, but first, here is what Pento had to say about Europe:  “You cannot, as a central bank, have a policy of creating inflation in order to keep yields lower.  That is why the deflationist’s fears in Europe are quickly turning towards an inflationary scare, and more specifically a stagflationary quagmire that will quickly expedite Europe into the abyss.”
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