The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (25072)	1/23/2005 10:05:32 AM
From: Michael Bidder	Read Replies (3) of 110194

Russ, I'll expose my ignorance with this post, In the US two causes: 1) Low interest rates (to help the economy) 2) Printing money (to finance the deficient) Have the dual effect of driving down the value of the US currency relative to others. China, Japan, and the European Union are forced to print money in a “race to the bottom” to stay competitive. Are we in effect massively increasing global money supply? This will keep Price of Gold up relative to world currencies. Another way to state it; there are more units of paper chasing a relatively limited number of gold ounces. Also as the world’s middle class grows there are more units of paper chasing ounces of Gold. Do I have a little of the picture? Michael, Thanks in advance.

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