Today a man who has lived in 18 countries around the world, and witnessed collapses in many of these countries firsthand, told King World News “They know what’s coming and they don’t want people protecting themselves.” Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also spoke about the harsh reality of what is taking place in various countries around the world and what this all means for key markets such as gold.
“Barron: “I saw some interesting numbers that came out of Turkey which showed there is still incredible gold demand. The ECB also just lowered interest rates today and they were citing the fight against deflation as being the reason for the rate cut.
“But the fact is that right now in Europe, Portugal is having a rail strike. People are saying they are not being adequately compensated. There is also a 24-hour general strike in Greece, protesting the austerity cuts. This kind of thing is happening in various places in Europe, and it’s just evidence that the economy is struggling. So, when the ECB says they are fighting deflation, they are fighting the forces of a weakening economy, and restless citizens in various countries.
If we turn to the United States, in Seattle there is a move to raise the minimum wage to $15 an hour. That’s pretty inflationary if it passes and gets adopted elsewhere in the United States. But the bottom line is that a lot of people out there are finding it difficult to make ends meet.
Source King World News