Could interest rates and inflation head violently higher?
''The US public will swallow lies for just so long, and then the truth breaks through the barriers. The public knows that 'their' inflation is more like 12% than the 1.2% that the Labor Department says it is. The public is beginning to wake up to the fact that silver and gold are real money -- pure wealth that has been respected for thousands of years.
Meanwhile the Fed is pumping trillions of dollars into the banking system in an attempt to push core inflation up to 2 percent. The system absorbs all this liquidity, and actual 'poor man's inflation' gradually increases. But somewhere ahead (I think it will be this year) inflation will break out of its current bounds, and today's 'mild inflation' will turn into hyperinflation. That's when interest rates will break out and head violently higher. At that point the Fed will administer the only medicine it knows -- more QE, more liquidity.''