Mauldin describes all of these practices as «Code Red» policies, along with
currency debasement in general.
Not exact matches
Either deflation's growing momentum will pull today's faltering economies into the ever - growing maw of a deflationary collapse or the continued printing of money to stave off such a collapse will end with the complete
debasement of paper
currencies in a hyperinflationary blowoff.
The bottom line here is this: none of these investment vehicles are perfect,
in fact many have significant flaws; but despite their flaws they attract money away from gold, thus undermining gold's monopoly on the fear / inflation /
currency debasement trade.
That's 95 % of the
currencies that are exchanged
in the world and they're the ones that are the primary
debasement on the other side, which I was referring to, of the bricks.
Fear of
currency debasement (just look at the emerging market
currencies), fear of capital confiscation (just look at the bail -
in mechanism
in Europe), etc..
[
In terms of size... otherwise, it's an all too familiar exercise in currency debasement, which still fools people after thousands of years!
In terms of size... otherwise, it's an all too familiar exercise
in currency debasement, which still fools people after thousands of years!
in currency debasement, which still fools people after thousands of years!].
If China will not allow its
currency to strengthen, well then, the path of least resistance is for the US to debase its
currency, leading the world
in a cycle of competitive
debasement / inflation.
And bearing
in mind unprecedented stimulus this time» round, the fact that post-credit crisis volatility has proved to be far less responsive & far more jagged — not to mention central banks have failed to generate any appreciable price inflation, despite all forecasts to the contrary — is rather terrifying confirmation of how bad the underlying collapse & deleveraging really was (& still is), absent
currency debasement...
The result is that no fiat
currency in history has ever survived its inevitable
debasement.