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Quantitative easing, or when there's nowhere left to run
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10-10-2011, 03:38 PM
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NKUDirectory
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Nov 2005
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597
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The bottom line is that the truth of it is right in front of our collective eyes yet many refuse to see. If interest rates are low then governments are printing (monetizing debt) money. The FED denies it and instead throws up some gorilla dust called Operation Twist. But, the FED is monetizing daily. And the ECB must monetize massively. And the debt monster will require regular feedings or it will consume the entire world economy, at least that based on paper and credit. There is only one refuge left for wealth: physical gold and silver. The prices of these metals have not exploded higher because the vast majority of folk still refuse to recognize the ugly truth before their eyes: governments will print and print and print until the people say "STOP!" The way the people say "STOP!" historically is by converting their paper and credit into real money, physical gold and silver. These metals have been demonetized for a long time and people have forgotten the rules of the game. Soon, they will rediscover those rules, the hard way.
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