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Gold/Mining/Energy : Precious and Base Metal Investing
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To: russwinter who wrote (13828)7/11/2003 6:39:08 PM
From: patron_anejo_por_favor  Read Replies (1) of 39344
 
Put simply, "money" and "credit" are not synonymous...they are during periods where monetary velocity is robust and the conversion of credit to money can be easily accomplished. They are not during periods of financial fragility or instability, or during deflationary liquidity trapping spirals, when lenders are less apt to monetize credit.
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