Cheapening Currency Also Has Risks
Wall St Defies Reality, currency could be cheapened, Japanese intervention in currency markets, America on sale, Gold as the final refuge against currency debasement, trade war between China and everybody else.
By Guest Column Bob Chapman—— Bio and Archives--October 3, 2010
American Politics, News | Comments | Back To Full Article
A weekly excerpt from the subscription issue of The International Forecaster, taken from Bob Chapman's weekly publication.
It is interesting to watch Wall Street defy reality. This is a scene we’ve observed since the early 1960s, the effect of debt on the economy and the nation and in turn on its currency. The result of the profligacy over all those years is the biggest bull market in history in gold and silver. As we write gold is toying with $1,300 and silver with $21.50. Each day a new high is reached in spite of a pending options expiration and the perpetual market rigging and manipulation by the US government.
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