07 Oct, 2008
Look at the Fed Goooooooooooooooooooooo
Posted by: gauntlett In: Bailout|Federal Reserve
I found this on www.chrismartenson.com and couldn’t resist posting it here especially after my post about the dollar. How the dollar is going to survive after this much cash is pushed into the system I really don’t know. A inflationary depression seems to be looking more and more likely. It would explain why gold is so scarce on the physical market. People are losing faith in fiat currency and want hard currency that has some store of value. Paper is easily printed, and as Voltaire said
“Paper money eventually returns to its intrinsic value – zero”
Is it just me or is that line going almost STRAIGHT up. If that isn’t a sign of complete and utter panic well I don’t know what is. They are going to put as much liquidity into the system as possible. Will this mean that you house will go back up in value? Perhaps, but your purchasing power will decline severely. Jim Rogers said the US currency is doomed, and I agree. It is only a matter of when, and not if.
