"The Federal Reserve’s continuous printing of money will eventually push inflation up to 10 percent, and investors will want to buy gold and other commodities to protect themselves, says Robert Wiedemer, co-author of the best-selling book “Aftershock,” which predicts two more economic bubbles directly ahead for the U.S.
In its quantitative easing, the Fed is buying bonds with printed money, which will boost inflation and interest rates, Wiedemer tells Newsmax.TV.
“The medicine they’re using to help us out now will soon become the poison. … U.S. debt is toxic because it can’t be paid off,” says Wiedemer, president of the Foresight Group, a macroeconomic forecasting firm that customizes its forecasts for specific businesses and investment funds..."
at http://www.moneynews.com/Headline/bob-Wiedemer-Fed-Medicine/2010/12/03/id/378917?s=al&promo_code=B3CE-1
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