GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Tuesday, December 24, 2013

OUTLOOK 2014 - Hyperinflation Not Around The Corner: Johns Hopkins - Kitco News

Kitco News speaks with Steve Hanke of The Johns Hopkins University about the global economy, monetary policies, China and gold on this Outlook 2014 edition of "On The Spot." According to Hanke, the monetary policies in place around the world are not actually growing the money supply. He then goes on to talk about stress tests that will be taking place in Europe in 2014, which Hanke doesn't think they will be effective. "The solution is some forbearance for the banks," Hanke says. "You can't continue to beat up the banks and in effect impose regulation and mandates that force [them] to de-leverage and shrink in the middle of an [economic] slump because you make that slump worse." Hanke also comments on China and says that the country "hasn't hit a wall" and will continue to grow. Finally, Hanke says gold would perform well in times of inflation. "[However,] if people think that hyperinflation is right around the corner because state money is exploding, they're fooling themselves." Kitco News, December 24, 2013.

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