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I had to forward this link, which in the simplest possible form
explains what INFLATION actually is.
And keep in mind when you see the money supply chart up to 2006, that
since then it has literally gone STRAIGHT UP.
So far, the U.S.
government has committed to $7.7 TRILLION of new money supply, and I can
guarantee that number will go up significantly.
Not to mention the parabolic growth curves of the supplies of all the
other major global currencies, all of which, like the dollar, are BACKED BY
NOTHING.
There is a very limited supply of gold and silver in the world, and in
fact the amount of silver declines each year due to consumption.
And the current capping of gold and silver has unleashed a downward
spiral of gold and silver production that may not reverse for years, while in
the meantime physical gold and silver demand, worldwide, has reached
unprecedented levels in the history of mankind.
Watch this link and keep the above information in mind, than take a
guess what will happen to gold and silver once the Cartel is overwhelmed.
a
Over the
years, I have written a lot about “money,” a.k.a. the dollar, and
how it is connected ultimately to debt. However just what money is and
how it is created by the U.S.
government is very confusing for most people (including myself). I came
across this video a while back called “Inflation and the Dollars
Crash,” which I feel does a good job of explaining the process of
how money is created– I’m not predicting the demise of the dollar,
although it isn’t out of the question. The video is 9 minutes
long, and I feel it is worth your time given the current financial
situation. After watching it, you will know more about how money is
created than 99% of your fellow citizens.
http://www.youtube.com/watch?v=tNBX--B0Czw&eurl
P.S.
Although we are currently experiencing deflation, the seeds of inflation (all
the debt piling up) are being sown. I bought more gold/silver for
clients today.
Best
Steve
The Wealth Conservancy, Inc.
1525 Spruce
Street, Suite 300
Boulder, CO 80302
303-444-1919
303-444-1479 (fax)
www.thewealthconservancy.com
Andrew Hoffman
Andrew
Hoffman was a buy-side and sell-side analyst in the United States
(including six years as an II-ranked oilfield service analyst at Salomon
Smith Barney), but since 2002 his focus has been entirely in the metals
markets, principally gold and silver. He has worked as a consultant to junior
mining companies, head of Corporate Development and VP of Investor Relations
for different mining ventures.
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