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This Chart Proves That Your Currency Is Being Debauched At An Accelerating (Parabolic) Rate! Got Gold?
Lorimer Wilson / Munknee.com
[According to the chart in this article,] all currencies are being debauched. The price of gold in each currency approximates a parabola, meaning the use of printing presses is accelerating. Each unit of currency is losing purchasing power at an increasing rate. The trend points to a worldwide currency collapse unless the creation of money stops. [Take a look!].
So says Monty Pelerin (www.economicnoise.com) in edited excerpts from his original article* entitled Gold Versus Currency.
Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com (A site for sore eyes and inquisitive minds) and www.munKNEE.com (Your Key to Making Money!), has edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.
Pelerin goes on to say, in part:
Note that the chart below is in log scale. On a log scale, a straight line represents a constant rate of growth. As explained by James Turk:
Take a look at the black arrow on the chart. It’s not a straight line, but rather, a parabola. If it were a straight line, the gold price would be rising at the same rate but because it is a parabola, gold is rising at an ever greater rate. Gold is in an exponential upward trend. This is exactly the pattern that you see when a currency is heading toward hyperinflation, and this chart shows all four currencies headed that way.
The chart shows gold rising in all currencies. That means that all currencies are being debauched. The price of gold in each currency approximates a parabola, meaning the use of printing presses is accelerating. Each unit of currency is losing purchasing power at an increasing rate. The trend points to a worldwide currency collapse unless the creation of money stops.
Gold is sought by investors as protection against currency devaluations. Gold is the ultimate store of value. It is an excellent store of wealth in times of depreciating currencies.
* Source of original article: http://www.economicnoise.com (http://s.tt/1qVAM)
Editor’s Note: The above post may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
the only way money can be created is by someone takeing out a loan so who is takeing out the loans for the creation of the money .
The answer is – Government.