Hyperinflation to devalue debt is pols’ only way out, Embry says
July 19, 2011 by goldguru · Leave a Comment
GATA
11:17a ET Tuesday, July 19, 2011
Dear Friend of GATA and Gold (and Silver):
The world’s debt can no longer be carried by income, hyperinflation to devalue the debt is the only way out for political authorities, and triple-digit silver is probable, Sprott Asset Management’s John Embry tells King World News today. An excerpt from the interview can be found here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/7/19_Em…
Embry will speak at GATA’s Gold Rush 2011 conference in London in August:
http://www.GATAgoldrush.com
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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