When Keynesians Play....................from Rico

This is a pretty clear example of what happens when Keynesian's [Central Bankers] play "paper beats rock."

- Here they are openly defending their paper spot prices of $1200 Gold and $17 Silver.

 

If you want to know "why" they play this game, ask a friend in impoverished Greece, or Venezuela today which they' prefer...paper Gold/paper fiat or a chunk of physical Gold?

 

The 20,000 Venezuelan Bolivars are now worth less than $6, so what does their Central Bank do?

- Venezuela has turned its new currency vertical in order to hold all the zero's it needs.....Weimar heartily approves (prettily engraved fiat notes make cheerful wallpaper AND can heat your home).  

 

[Common Core math quiz: What is the 'new" 500 Bolivar note depicted worth?

- $15.00

- $  1.50

- $    .15

- $  0.00 it's intrinsic value]