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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (65694)	3/14/2001 12:19:01 PM
From: ahhaha	Respond to of 116817

When monetary authority creates money at a rate greater than the rate of interest, inflation rises. This is a negative real cost of money. The only way to break this divergence is for monetary authority to stop trying to fix rates below the true cost of money and let the market take that cost to a point where it's positive. Last time it took 21% to bust the desire to borrow to speculate in inflating assets. That circumstance is still ahead and will occur unless monetary authority stops trying to save economy. The longer they resist, the deeper will be the economic downturn.