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Doom
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Indian Rupee Crisis Now Even More Comical - Tim Iacono - Iacono Research

Hmm, the government will pay more than pawn shops and dealers...the dealers will respond by paying more. The government will respond by paying still more...repeat ad infinitum. Could the law of unintended consequences ignite the beginning of the end for fiat?

Commented 3892 days ago

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Beginning of the headline :The folks at Reuters are reporting that the Indian government continues to address the symptoms rather than the causes of its currency troubles as they are now considering buying gold from the public in order to have that same gold sold back to the public so as to reduce gold imports, lower its trade deficit, and pull the rupee out of its downward spiral. India might buy gold from citizens to ease rupee crisis India is considering a radical plan to direct commercial banks to buy gold from ordin... Read More

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