Years ago I coined a phrase that described the US's predicament. The phrase was "inflate or die." As far as I'm concerned, inflate or die is even more to the point today. Here's why. The US possesses 8,133 tons of gold, or more than three times the amount of gold held by any other nation (Germany is second with 3,396 tons of gold).
Have you ever wondered why the US hangs on to its gold like grim death? And at the same time the US talks down gold? Have you wondered why the US appears (like China) to be encouraging its citizens to buy, hold, and accumulate gold? Why is the US government distributing gold coins to Americans? Why did the US government come out with a new Buffalo solid gold coin and advertise that coin widely?
Why did Nixon slam shut the gold window when France wanted the debts that the ... Log in or subscribe to continue reading.
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