Join our investing community

Gold: The Nationalization of Wall Street

Discussion in 'General Investing Discussion' started by Tropo, 31st Mar, 2008.

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
    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."
     
  2. masterjunko

    masterjunko Member

    Joined:
    21st Dec, 2006
    Posts:
    16
    Location:
    Sydney, NSW
    Hmmm, inflation...
    Yammy~~~:D
     
  3. Billv

    Billv Getting there

    Joined:
    15th Jul, 2007
    Posts:
    1,796
    Location:
    Sydney, NSW
    I don't mind inflation, it means that my loans are losing value :D
    but I hate it when interest rates go up... :eek: