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FSN: Anatomy of the End Game
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Martin Sibileau
a View from the Trenches
About a month ago, in the third-quarter report of a Canadian global macro fund, its strategist made the interesting observation that “…Four ideas in particular have caught the fancy of economic policy makers and have been successfully sold to the public…” One of these ideas “…that has taken root, at least among the political and intellectual classes, is that one need not fear fiscal deficits and debt provided one has monetary sovereignty…”. This idea is currently growing, particularly after Obama’s re-election. But it was only after writing our last letter, on the revival of the Chicago Plan (as proposed in an IMF’ working paper), that we realized that the idea is morphing into another one among Keynesians: That because there cannot be a gold-to-US dollar arbitrage like in 1933, governments do indeed have the monetary sovereignty.
Continue Reading at Sibileau.com…
2012-11-22 09:42:59
Source: http://silveristhenew.com/2012/11/22/anatomy-of-the-end-game/
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