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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.98+0.6%Nov 21 4:00 PM EST
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To: ahhaha who wrote (34828)6/3/1999 4:59:00 PM
From: Investor-ex!  Read Replies (3) of 116764
 
It is quite possible to have rising money supply and falling money availability as though interest rates were rising.

No "money" is created that isn't borrowed, as all "money" is borrowed into existence. No new borrows = no new "money", period. If the "money" supply is rising, then the "too frightened to lend theory" is either misperception or ruse.

The central banks must be working for us since none of the bankers are around long enough to sway things much in any direction. They always reflect the will of the people. It is the people that cause the inflation.

There is an unbroken line of central bank policy extending at least 300 years. This policy consists of banks getting something for nothing and this policy is quite stable. And the only change in this policy is the increasing boldness of it.

The "will of the people" is "reflected" only to the degree that people are "willing" to borrow. As the system as a whole is ALWAYS willing to lend provided terms and collateral are at least somewhat agreeable (for the banks must continually expand, lest the system collapse), I can see where one might confuse cause with effect, since people have been conditioned to nearly always be willing to borrow. The banks don't "reflect" the will of the people, they do everything in their considerable power to "create" the hunger to borrow and then take full advantage of their creation.
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