John Polomny

The End of Gold, Part Two

Economic history has shown the trend towards inflation not deflation. Governments and Central Banks can create inflation 100% of the time if they want to. Money supply aggregates are increasing (inflation) and after we have transitioned through a time lag will be reflected in higher prices. The Baltic Dry Index, Oil, CRB have put in bottoms and we are already seeing higher lows on the charts. Patience grasshopper.