"The tectonic battle between a market trying to deflate its debts and the
central banks attempting to reflate the impaired assets to maintain the status
quo is becoming increasingly violent. In a brief clip, Santiago
Capital's Brent Johnson explains the fallacy of fiat money, the dynamics of the
velocity of money in a 'troubled' economy, the 'we are going to give the banks a
lot of money' plans, and the inevitable 'there's no more money' moment when the
inflationary and deflationary tremors come unstuck and become shock-waves.
There will be no warning, no bell-ringing at the onset of the end of the
monetary system itself as he notes the slate of Stability & Growth
Pacts (EU) and The Recovery and Reinvestment Act (US) will inevitably be seen as
the greatest unauthorized transfer of wealth in history - and being exposed to
gold stored outside of the banking system, there is a protected route as the
world staggers from tremor to tremor..."
at http://www.zerohedge.com/news/gold-and-grand-theft-economics
No comments:
Post a Comment