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<p>[QUOTE=&quot;InfleXion, post: 1355225, member: 29012&quot;]I watched a Mike Maloney interview earlier where he stated that only 6% of the currency (not money which is only gold and silver) supply is what the Fed prints for fractional reserve banking. The other 94% is created by the credit system when a loan is created, because the currency is conjured into existence as a credit to the bank for that loan. I am beginning to question the actual impact of their quantiative easing programs on precious metals as being more psychological than anything else, as people begin to perceive the erosion of their currency that has already mostly taken place.[/QUOTE]</p><p><br /></p>

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