[bert]

Growth is but one prong of a multi pronged solution

It can be argued that the decline in the value of the US$ correlates directly with the price of gold. A projection of the Kittco 10 year chart gives a pretty good picture of the future declining value of the US$. It can be argued that we are presently on a gold standard imposed by the markets.

In a recent e letter John Maudlin advised that Europe is already on the gold standard with the €uro being the proxy for gold.

The other prong to tie it together is inflation. Inflation of the prices of stuff including gold and oil, inflated valuation added to actual growth, all compounded, will be the only solution All that is presently under way.

[LibLieSlayer]

It can be argued that the increase in Gold prices can be directly tied to the decrease in the value of a dollar... it takes more dollars today to buy oil, food and energy. Four years ago the Japanese Yen value (Japan has been in the dumps for more than a decade) was 120 Yen to buy a dollar... today it takes only 80 Yen to buy a dollar... not due to the price of gold but due to monetizing of our debt and the devaluation of every dollar in circulation by every new deficit dollar created.

LLS