jetsby10

Deflation, Monetary Velocity, and Why Gold's a Buy

you've never had a period in history where every central bank in the world has resorted to printing money at a record pace. This has always ended one way. Inflation. People always talk about deflationary forces. I agree, every friggin force in the global economy is deflationary right now. The only thing that is inflationary is the central banks. As long as they have a monopoly on their currencies and continue to act in coordination with each other, you will have inflation.