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jox
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Bank of England's former deputy governor misleads about gold and credit creation - Chris Powell - GATA

I'm allways surprised. How people that have failed absolutely, still feel that their opinions are important to us. In my opinion, such people don't have to anser interviews, but anser in front of a jury, and probably be jailed.

They still defend the system that has crashe so horribly? Incredible.

Commented 3422 days ago

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Beginning of the headline :In an interview today with Russia Today's Sophie Shevardnadze, Sir Howard Davis, former deputy governor of the Bank of England and former director of the London School of Economics, makes the most elementary mistake in his objection to restoration of a gold standard for currencies. That is, Davis says a gold standard "would radically reduce the amount of credit and would cause a worldwide depression that would make the 1920s look like a holiday." But of course the amount of credit supported by a... Read More

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