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Message: Reconciling with the reality of inflating away debt.

How do governments get out of this economic and financial debt mess? Raise some taxes, cut some spending, improve the business climate, and cause some currencies to devalue with higher than average inflation (reduces the standard of living but makes it easier for governments to pay off their debts by just printing an over abundance of additional "cheapened" money). The US Fed. Res. has said they want higher than average inflation for a few years to come. Ben Bernanke said it in a speach. In time, if governments continue to persue this path, precious metals, base metals, energy minerals, and certain commodities in general will go up and their stock equities (producers), along with many other stocks, should do even better, something many have been saying for a couple of years now. If certain governments persue inflation, while avoiding deflation and recession at all costs, then the below article joins the hundreds of others I have read which essentially have been saying the same thing since 2009. High profile Byron Wien seems a little late in reconciling himself with a probable or likely event, inevitability, or destiny. However late he is, we welcome Mr. Wien to reality, none-the-less. Given his stature, his capitulation to this reality is a proverbial sign and endorsement. I suspect that "within" a few to several months, at most, the wait for "reality" to materialize will be over.

The positive impact for PEM and related equities, will be inescapably and unavoidably palpable, visible, and tangable, if they continue to do well over the next couple of years.

http://www.businessinsider.com/byron-wien-smartest-man-in-the-world-2012-7#ixzz1zZLBVqAy

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