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A WORLD WITHOUT INFLATION
From Spiegel.de we read “The Shrinking Influence of the US Federal Reserve” by Gabor Steingart, thankfully translated from the German by Christopher Sultan.
The article starts out with the fact that governments around the freaking world have been creating more and more money, sometimes increasing their money supplies by 50% or more a year. And thus they write, “Nowadays, purchasing power exceeds purchasing opportunity. Most of all, there is not enough oil, and too few raw materials and food products” when compared to the sheer, staggering tonnage of money available with which to buy the aforesaid oil, raw materials and food…
8Jul2008 | Daily Reckoning | Comments Off | Continued
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