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Ex-Central Bank Boss Admits Post-Covid Inflation Was Caused By Money Printing

Ex-Central Bank Boss Admits Post-Covid Inflation Was Caused By Money Printing

In a rare moment of truth aired on the BBC, former governor of the Bank of England—the world’s first central bank—Mervyn King, admits that the soaring inflation and living costs experienced worldwide post-Covid, were a predictable result of money printing by central banks.

“During Covid, when the economy was actually contracting because of lockdown, central banks decided it was a good time to print a lot of money. That was a mistake. That led to inflation. We had too much money chasing too few goods, and the result was inflation. That was predictable. It was predicted and it happened.”

In these uncertain economic times, allowing the entirety of your wealth and savings to waste away in the bank is just asking for trouble. Not only is it losing purchasing power by the day, as inflation and living costs continue to skyrocket, but in the event of economic catastrophe—which at this point seems more a matter of ‘when’ than of ‘if’—you run the risk of losing everything.

On top of that, with the arrival of programmable CBDCs, you could lose access to your wealth entirely should your government decide they don’t like your political views, or something you posted on social media. Maybe you didn’t get all the injections they told you to get? What if they impose expiry dates on your hard-earned life savings?

While cryptocurrencies certainly have some advantages, they would be rendered completely useless if the internet or power grid were to go down. Worse yet, what if governments decide to ban them outright?

Gold and silver, on the other hand, offer iron-clad wealth protection—as well as financial freedom—in the face of ALL the scenarios described above. But where do you even start?

As someone who was looking to invest in gold and silver myself, with minimal knowledge about where to begin, I stumbled upon a fantastic company called ITM Trading, who place an emphasis on educating prospective clients on the ins and outs of gold and silver investment—for FREE, minus all the usual aggressive sales tactics—without any obligation to actually go ahead and invest.

ITM Trading is a US-based precious metals company with over 28 years of experience in wealth and asset protection during economic downturns and currency collapses. Their team of expert gold and silver analysts provide individually tailored wealth protection strategies for each and every client, combined with ongoing economic education and access to curated resources, research and weekly financial insights.

Best of all, it all starts with a FREE consultation, and absolutely ZERO pressure to invest, as evidenced by their consistently positive reviews.

I rarely, if ever, promote third party companies, but I was so impressed with ITM Trading’s education-based approach and consistently positive reviews—combined with the fact I truly believe gold and silver are the best way to protect my savings against what’s coming—I felt compelled to let you know about them.

Stop playing Russian roulette with your hard-earned savings! Learn how to protect your wealth—and preserve your financial freedom—by booking a FREE consultation with ITM Trading today (US residents only):

 

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Written by colinnew

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