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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 395.880.0%4:00 PM EST

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To: TobagoJack who wrote (70931)2/10/2011 7:49:29 AM
From: carranza2  Read Replies (1) of 218518
 
Jay,

I have Foster's book which is discussed in the link I have posted below. An exhaustive compilation by an amateur of the ultimate failure of every single fiat currency by overprinting since time immemorial, beginning in China.

kitco.com

The other point made by the article, that the growth in China's money stock has been gigantic even when compared to the US, is troubling. No doubt the growth of the Chinese economy has required a growth in the money supply. However, it seems that recent efforts to tampen down inflation by raising rates and reserve requirements show an appreciation by Chinese policymakers of an inflationary problem.

I personally believe that the growth of money supply is a global problem, a part of a world-wide beggar-thy-neighbor strategy adopted by most countries. It won't end well, but it will be good for gold.
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