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Inflation, Deflation, Economics, Investing, Gold - Trends
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Ben is forecasting uncertainty and saying the Fed's prepared for action as needed. Did Uncle Ben strain his cerebrum coming up with that one (forecasting uncertainty)? I suppose there's a difference between "unusually uncertain" and "typically uncertain." Either way it comes out this way - Ben doesn't know squat! Is "Uncertain" an Improvement? Bernanke was pretty certain there would not be a recession, that housing was not in a bubble, that the unemployment rate would peak at 8.5%, that paying interest on reserves would enable the Fed to hold short-term rates above 2%. Bernanke was ...
“I do not under any circumstance favor raising the price of gold. It would perpetuate that “barbarous metal” in international monetary use. We have quite rightly broken the link between gold and our domestic money. We should also break the link between gold and international money. The supply of money, neither domestic nor international, should not be dependent over the long run on the accidents of supply and demand in the marketplace for just one commodity.” July 12, 1968 – Darryl R. Francis, President of the Reserve Bank of St. Louis. 1. And so it came to ... Read More
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Adrian Douglas exposes LBMA OTC Gold Market as a Ponzi scheme
Deflation or Inflation? What's Next?
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