without my comments. Today's
Jim’s Mailbox
Dear Jim
I have been long gold for 10 years now. I have read your site for 6 years I have also studied monetary systems and their collapse with Prof. Fekete amongst others.
I have read Armstrong.
UNTIL THE LINKED CHART TURNS NORTH THERE IS NO INFLATION. THIS IS NOT THE 1980’s OVER AGAIN.
Without additional QE we tank and take every bank in the world down with us , that obviously cannot be allowed to happen , but deflation as it is currently occurring is happening not because the monetary base hasn’t grown exponentially (it has with every QE injection). But the money IS NOT MOVING.
If it doesn’t move it may as well not be there.
Don’t stress yourself you are 73 , relax like Mr. Fred , don’t get prickly with our arch historian, he may have a point and it may be painted in the graph I linked.
Regards,
Adrian
Dear Adrian,
Currency induced cost push inflation will make the velocity of money explode when it occurs in full. It will be the fastest spike up in history. It will be a currency, not business activity event.
Your geniuses are not that intelligent. They have no clue of the impact of currency induced cost push inflation. Thanks, but I do not need your lesson on Velocity of Money. It has been well considered and researched in past situation of similar occurrences.
I got lesson on Velocity of Money many decades ago from the Chicago School. Don’t piss off old guys who are widowers as we have nothing to risk. Stay with your historian that used the gold gang for his own purposes, and now is kissing the ass of who he next wants a favor from.
By the time your beloved chart shows you the spike the entire event will be over and you will find yourself in a strange new world you do not understand.
How the hell can you think that I failed to consider the Velocity of Money?
Jim