What would gold do for you? Hmm, you could sell it on the international market for the currency that is predominant and then you would have some true buying power. But then, you surely know more than all the economists, the country of India that just traded dollars for 200 tonnes of gold, China who is buying all the gold they can, and all the hedge fund managers that, too, are buying all they can find. I understand you cannot even find US gold coins, or it is very difficult, as most have all been sold.
In the 1970's we increased the currency base by 13%, brought us 20% interest rates. In the last 12 months we've increased the money supply by 120%, I wonder what that will do to interest rates? The only reason we haven't seen inflation already is the velocity of the currency, it hasn't left the banks yet. Once it does, hyperinflations comes at us like a freight train.
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Today's Featured Article - Harry Ferguson - The Man & The Machine Harry Ferguson was christened Henry George but every one called him Harry. Harry was born in a small Irish town called Growell in County Down about 16 miles from Belfast. Harry Ferguson led a varied and colorful childhood causing mischief where ever he could. He showed mechanical aptitude at a very early stage in life and showed no inclination towards
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