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Jim C.
Member since May 2012
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The Black Hole of Deflation & Gold and Silver - Part 2 - Julian D. W. Phillips - Gold Forecaster

According to Mr. Phillips, because of the Fed's initial QE, we "...sit with a healthier U.S. banking system, but a barely growing economy."

The banks made bad loans, were re-monitiezed by the FED, and now are healthy? A drunk has the DTs because he ran out of money or people to mooch booze from; we then give him all the hooch he can drink, and then he feels 'better' because he no longer has the DTs. We then bask in our own brilliance and go play golf.

Has this economist lost his cork like Justice Roberts?

Commented 4318 days ago

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Beginning of the headline : In Part I of this series we looked at the decaying state of confidence and how this is assisting in the deflationary process that is slowly, inexorably, moving forward, with limited action from central bankers and very little action at all from politicians.We looked at Christine Legarde’s comments that highlighted the need for value and measures of value to keep the monetary system under control... Read More

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