“Let me be clear on this, I’m not saying it could increase M2 money supply to $15 trillion, this could increase it by $15 trillion. So we’re talking perhaps about $24 trillion. It has the potential to increase to rapidly increase the global money supply, and it would be a tremendous boost to commodities, oil and precious metals.
However, I would add that it will only vastly exacerbate the stagflationary environment that we see gripping the entire developed world...."
- Michael Pento, via a recent King World News interview: