Thursday, April 11, 2013

Federal Reserve

This article claims that bail-ins - post-Cypriot banking crisis name for seizing money from people's bank accounts - is already being written into law in Canada, New Zealand and other countries. Watch out. Velocity of US dollar at all time low.
"The decline in the velocity of money is serious business as it implies a significant deflationary event is about to take place. Furthermore it is no fluke, or a "one-off" event, as the money multiplier also made a new all-time low just last month and has turned down yet again:"
So this indicates deflation. Maybe that's why foreign banks haven't dumped the dollar yet. Yet this guy recommends buying gold and silver.

No comments:

Post a Comment