December 03, 2010
he 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 Money.
"He will have to explain to the American people why his vision for bigger government, more spending, and higher taxes will work over the next four years when it hasn't worked in the past three and a half years.” – Sen. Rob Portman on President Obama
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