I 'pick' on Benyamin of the FED a LOT, but he is not the ONLY Central Banker to recklessly print money these days.
Look at these charts. Do you see a pattern?
- This is clearly a race to the bottom, with more than just the FED madly 'printing' money...
Hmmmmmm.....and these Central Bankers hate and loathe gold & silver like vampires hate the cross & holy water for WHAT reason?
- Because fiat currencies can be thus 'manipulated' [read: devalued/understand: wealth-value stolen from YOU].
The recent upsurge in silver and gold on not just the COMEX and the NYMEX seems to indicate that many are realizing that there is decreasing utility and 'value' in paper contingent 'promises' when compared to hard commodities.
- "Trust me, I'm from the Government" isn't playing very well these days......
Saturday 19 February 2011
In all fairness...from Rico
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While all the central banks may be printing money hand over fist, five of these these charts are in US $ equivalents and four of those could be explained primarily by the increase in US $ supply. The Euro M3 chart is the exception.
While the non-US $ currencies might remain in constant supply, inflation (and devaluation in relative terms) would end up showing the US$-equivalent values of the other currencies climbing rapidly. And if all were rising equally, one would expect to see the relative valuations stay /flat/ over time, not rising rapidly.
But the Euro and $ charts are pretty depressing...
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