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This completely discredits the Austrians, who believed that loose monetary policy and expansionary fiscal policy would result in a tanking dollar; high inflation; high gold prices; and high interest rates -- none of which has occurred.
This completely discredits the Austrians, who believed that loose monetary policy and expansionary fiscal policy would result in a tanking dollar; high inflation; high gold prices; and high interest rates -- none of which has occurred.
Which is why I jumped the Austrian ship not too long after the election after I found out how much of a crock Austrian economics is. Most of the big names pushing for gold buys, like Peter Schiff and Alex Jones, themselves are invested in significant amounts of gold and have gold companies as advertisers. It was a bubble waiting to pop. I watch Max Keiser on RT on occasion, and he keeps predicting some sort of dollar collapse is going to happen in March, then April, and now I'm sure in May. Discredited. Paranoid being fanned by the goldbugs is what caused gold prices to rise so much
Which is why I jumped the Austrian ship not too long after the election after I found out how much of a crock Austrian economics is. Most of the big names pushing for gold buys, like Peter Schiff and Alex Jones, themselves are invested in significant amounts of gold and have gold companies as advertisers. It was a bubble waiting to pop
Which is why I jumped the Austrian ship not too long after the election after I found out how much of a crock Austrian economics is. Most of the big names pushing for gold buys, like Peter Schiff and Alex Jones, themselves are invested in significant amounts of gold and have gold companies as advertisers. It was a bubble waiting to pop. I watch Max Keiser on RT on occasion, and he keeps predicting some sort of dollar collapse is going to happen in March, then April, and now I'm sure in May. Discredited. Paranoid being fanned by the goldbugs is what caused gold prices to rise so much
Whose central banks? It means nothing. I've listened to conspiracy radio long enough to know there is also disinformation being fed to these guys. The amount of money in circulation will never match up to the gold reserves of the entire world. If the US had all the gold in the world, the average American would only possess a few hundred dollars. Back in 1920 even $1000 did not last you the entire year. And, since, this is assuming everyone would have an equal share in the gold the US has, which is not going to happen.
Just another commodities bubble driven up by criminal speculators artificially driving up prices through derivatives. Same as the oil, .com, and housing bubbles.
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