There will come a time in my opinion when the central banks, having printed much too much money, will start to tighten - if they get that far. But if we read what is happening correctly, the central banks may lose fundamental control sooner than that. Their every move is being scrutinized and in the age of the Internet, their explanations are not very convincing. Of course, it is difficult to make predictions and a number of things could happen to take the pressure off the central banking establishment - up to and including a war, or at least several more wars of various temperatures. (The current wars are not perhaps hot enough.) But no matter what happens, the price of the unwinding of the paper-money economy should be seen in an upward spike of prices of gold and silver. It will not be a local spike, but a worldwide one given the linkage of central banking policies throughout the West. It is coming. We have been alerted; it is time to get serious about real money that is not a political promise or a printing press product. Laus Deo Overbore
Just read "When Money Dies: the Nightmare of the Weimar Collapse" at http://mises.org/resources/4016 . For different reasons we're following the same path.
Thx for a great post and well done. I see a direct overlay of the paths taken then and the treachery going into effect now except obimination is now throwing rocks at his own fiscal policies!!! laus Deo Overbore
