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<p>[QUOTE="Bluesboy65, post: 1106529, member: 23329"]Missed this thread until this evening. All of this has been interesting but it always amazes me that some people look down there nose at people who mention excess money supply as an issue related to inflation. Sneering from their lofty position at the lowbrow economic neophytes who are capable only of making such elementary observations. There are many examples throughout history that are tragic testament to results of governments and central banks that mismanage money supply. It is a simple fact that the growth of US money supply far exceeds economic growth, that we have a debt problem, that we have a deficit spending problem, that we have an unfunded liability problem, that the world is a dangerous place and that the decline of our prominence is making the other problems worse. I suppose these factors do produce anxiety and fear but that does not mean the fear is not justified.</p><p><br /></p><p>There are always potential threats in our world but to face them on an unsteady footing is dangerous. I believe the US is on unsteady financial legs very similar to Europe but unlike Europe who will be there to bailout the world's largest economy? Precious metals have always been recognized as a store of value and especially so in troubled times. So it is today.</p><p><br /></p><p>Regards,</p><p><br /></p><p>Bluesboy65[/QUOTE]</p><p><br /></p>
[QUOTE="Bluesboy65, post: 1106529, member: 23329"]Missed this thread until this evening. All of this has been interesting but it always amazes me that some people look down there nose at people who mention excess money supply as an issue related to inflation. Sneering from their lofty position at the lowbrow economic neophytes who are capable only of making such elementary observations. There are many examples throughout history that are tragic testament to results of governments and central banks that mismanage money supply. It is a simple fact that the growth of US money supply far exceeds economic growth, that we have a debt problem, that we have a deficit spending problem, that we have an unfunded liability problem, that the world is a dangerous place and that the decline of our prominence is making the other problems worse. I suppose these factors do produce anxiety and fear but that does not mean the fear is not justified. There are always potential threats in our world but to face them on an unsteady footing is dangerous. I believe the US is on unsteady financial legs very similar to Europe but unlike Europe who will be there to bailout the world's largest economy? Precious metals have always been recognized as a store of value and especially so in troubled times. So it is today. Regards, Bluesboy65[/QUOTE]
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