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Strategies & Market Trends : The coming US dollar crisis
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To: DebtBomb who wrote (24784)11/24/2009 5:24:31 PM
From: Real Man  Read Replies (2) of 71475
 
A paradox. Not to say this isn't right, given everything.
Paul's plan remains the same - audit, then can 'em after the
audit. -g-

"Undoubtedly many people who think keeping the Fed on a short
leash attached to an elected body is a good thing also think the
Federal Reserve should have been much less aggressive in
creating money and risking inflation. History shows that the
risks are actually skewed the other way: tighter political
control of central banks more often means more inflation and a
higher risk of a debased currency.

In other words, the people who support this because they think
the Fed shouldn't debase the currency are probably raising the
risk that the currency is debased. This just adds to the bid for
gold, which is already being supported by concerns that current
monetary policy and deficits put inflation and the dollar at
risk. These risks are not high, they are tiny, but they are
disturbingly more worth discussing now than two years ago."

mineweb.com
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