IT IS WAY PAST IMPEACHMENT TIME - OBOZO IS DIRECTING THE FED TO INFLATE AND DEVALUE THE DOLLAR SO THE INTEREST ON THE GOV $18 TRILLION DEBT IS LESS 'PAINFUL'.
Posted on 11/12/2014 8:19:51 AM PST by fredericbastiat1
"[If] the monetary authorities are intent on depreciating the currency, then I think that in the fullness of time they will succeed all too well.
…The important thing about QE [quantitative easing] is this idea, this radical precedent is now on the books — the virus as it were is in the monetary bloodstream.
...all of this is…in the books as precedent, and the monetarists and Keynesians are rather preening about the evident success of these interventions, and we can be sure I think that they will not forebear to do more still next time.
There will come a time I think where there will be so much as to frighten even the complacent people on Wall Street, and there will finally be this inflation that has been so long in coming."
(Excerpt) Read more at theblaze.com ...
So far the markets seem to be defying common sense economics.
I have a lot of respect for Jim Grant as a historian and as an analyst.
As far as his predictions go, on the other hand, he’s been wrong on near-term and long-term expectations a lot more than he’s been right.
The problem with this analysis is that the dollar is going straight up and gold is going straight down.
What’s happening is a steady reversal of the events in the oil patch from 1969-1975.
There are huge monetary implications which amount to a secular reversal of the long term down trend of the dollar. And about 20 years of pain for the gold bugs.
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