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Richard's Remarks

 

 Question -- Central banks the world over are spewing out their respective currencies over the world. If this continues, won't there be an eventual panic out of fiat currencies?

 

Answer -- The answer is yes, but before that, interest rates will be rising, and that will halt the machinations of the various central banks. Political pressure will force the central banks to curb their currency creation.

 

But I want to talk about something else. The action of the big money, the sophisticated money, tends to lead the markets. In view of that, let's ask ourselves what the "big money" is doing now. We hear that classic art pieces like the Klimpt painting and Munch's "The Scream" are going for well over $100 million. We hear of wealthy individuals buying wildly-priced apartments in New York and London and Hong Kong. All of this adds up to the "big money" placing their paper money in ... Log in or subscribe to continue reading.


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