Wednesday, September 12, 2012

12 Sept 2012

Will Bernanke announce further currency dilution tomorrow?  Who knows.  Will he do it sometime in the future?  Most definitely.  We have been monetizing the debt for a long time before we had a cool name like Quantitative Easing for it.  Gold is up around 10% since my note on it breaking its pattern.  Silver is up around 25% in that same time.  This was when Draghi promised to print as many Euros as possible to enable government deficit spending in order to save the value of the Euro.  What unique times.

A lot of people talk about needing "One Nation Under God" on our money.  However we never ask the following:  Would God want his name on a currency diluted to buy votes, bailout fellow cronies, or drone-bomb third world countries?

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