"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.
A personal log of stories to mine for future, libertarian essays.
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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.
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