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To: Sergio R. Mejia who wrote (5621)1/11/1998 3:53:00 PM
From: Bucky Katt  Read Replies (1) | Respond to of 116759
 
SRM-Recent numbers show the FED has expanded the monetary base by 12%, with no increase in productivity.
Two things can happen. One already is--Some of the increase is going down the Asian rathole of bad debt. The second will be inflation? Debasement?
Will a rise in gold stop the rapid monetary growth of the FED?
Has the drop in gold allowed the FED to do this?
This is fast becoming a very big mess. A very, very big mess.
Thanks for the great post!