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Cameron Waugh
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Inflation Propaganda Exposed

- Peter Schiff - Euro Pacific Capital

Or...They could be buying gold, with the expectation that a revaluation is going to take place at some point in the near future, with gold being revalued at, say, $20,000. They would make a killing under that scenario, and if that's the case, i would expect the printers to be rolling day and night. Another consideration is the Basel committee moving gold from tier 3 to tier 1 asset class recently. Cash is a liability on a bank's balance sheet, whereas gold is an asset... Hammer down the physical price by dumping paper contacts on the market, whilst at the same time, buying physical at a discounted price using paper with the ink still wet. Who pays ? The poor and middle class - of course, through inflation.
Meanwhile...The msm continue spewing the mantras A.) Gold is not money... B.) Inflation is low and well under control and C.) Nothing to see here, go back to sleep ...err... Work !!!

Commented 4133 days ago

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Beginning of the headline : Economists who hold the popular view that expanding the money supply will provide the best medicine for our ailing economy dismiss the inflationary concerns of monetary hawks, like me, by pointing to the supposedly low inflation that has occurred during the current period of rampant Fed activism... Read More

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