Gold: The Nationalization of Wall Street

Discussion in 'Share Investing Strategies, Theories & Education' started by Tropo, 31st Mar, 2008.

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  1. Tropo

    Tropo Well-Known Member

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    Gold: The Nationalization of Wall Street
    by John Ing

    Safe Haven | Gold: The Nationalization of Wall Street

    Federal Reserve Chairman Ben Bernanke once said: "By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper money system, a determined government can always generate higher spending and hence positive inflation."
     
    Tropo, 31st Mar, 2008
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  2. masterjunko

    masterjunko Member

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    Hmmm, inflation...
    Yammy~~~:D
     
    masterjunko, 31st Mar, 2008
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  3. BillV

    BillV Well-Known Member

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    I don't mind inflation, it means that my loans are losing value :D
    but I hate it when interest rates go up... :eek:
     
    BillV, 31st Mar, 2008
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