“Deflation suddenly is looming, crowding out the prevalent global view that only higher inflation can possibly be ahead. QE (Quantatative Easing) isn’t working; money pumping, once thought a flawless cure for crises, now falls flat, from lack of confidence. QE is, in fact, having the opposite of the intended effect as it’s obviously a ploy, & QE simply adds to debt, which now chokes the holders. Gold can handle deflation nicely, but not much else can.”
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