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 | Antal E. Fekete - Gold University |
 Hyperinflation or Hyperdeflation  |
| The reason why QTM fails is that money is not one-dimensional. It is in fact two-dimensional. Quantity is one, and the velocity of circulation is the other dimension. Central banks control the former, and the market firmly controls the latter. As long as fair weather lasts, velocity may be ignored. But as soon as the weather grows foul, velocity returns with a vengeance. If it increases, we talk about inflation. If it decreases, we talk about deflation. In the extremeThursday, May 14, 2020 |
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| Antal E. Fekete - Gold University |
| Architecture for a New World Financial System |
| Thursday, June 24, 2010 |
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| Antal E. Fekete - Gold University |
Red Alert: Gold Backwardation!!!  |
| .Monday, December 8, 2008 |
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