22 March 2006
Kitco - Contributed Commentaries - A Walk Down Currency Lane
Kitco - Contributed Commentaries - A Walk Down Currency Lane: "The United States, under its hostile, arrogant, irresponsible, nearsighted economic leadership, guided by misdirected, unwise, heretical, charlatan financial counsel, fully encouraged in indulgent, thoughtless, undisciplined, indebted lifestyle among the public, has actually thought it could export inflation, import deflation, enjoy the spending largesse afforded by a housing bubble, and expect to get away with the crime against Mother Economic Nature month after month, year after year. The price to be paid will come. It always does. Its form is uncertain. What is so exasperating is that instead of working toward a remedy, we desperately increase pressure on the gas pedal on the financial buggy. A flood of USDollars has entered into the world markets, with no prospect of abatement. The USGovt and USFed have inflated like crazy for ten years running, and now must defend the USDollar. THIS IS CLEAR WEIMAR-LIKE ACTIVITY, LOCKED INTO POLICY MAKING."