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FSN: Quaintance and Brodsky: Imperial Constraint
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
by Chris Powell
GATA.org
Dear Friend of GATA and Gold:
In their April letter, Lee Quaintance and Paul Brodsky of QB Asset Management in New York argue that the industrial world’s financial system has pretty much detached itself from the real economy, that public policy is merely transferring wealth to favored from disfavored groups rather than fostering growth, and that the recent sensational developments in the paper gold market are fairly questioned.
In that respect, Quaintance and Brodsky write: “Does it matter that total Comex gold futures sales on April 12 and 15 were 12 percent more than total annual gold production? Are we looking for shadowy gold conspiracies where none exist? Are gold’s 15 minutes (13 years) of fame finally over with the recent pullback of paper gold, or do the nut-jobs in tin-foil hats have it right? Anything’s possible, but it also should not go unnoticed that Kim Kardashian’s baby bump receives more accurate critical analysis than the forces behind secular global wealth positioning (not tactical financial asset market flows) and gold’s relevance in it.”
2013-04-22 02:45:35
Source: http://silveristhenew.com/2013/04/21/quaintance-and-brodsky-imperial-constraint/
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