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Thursday, 14 June 2012

Unlimited global money printing likely

Major global central banks are likely to continue printing money indefinitely, without limit, according to a Reuters article.  The solution to excessive western debt is to devalue the US dollar, the British pound, the euro and the Japanese yen.
The major central banks require the competitive currency devaluation spiral also to preserve exports.

I acknowledge Reuters' article "Analysis:  endless QE?  $6 trillion and counting", and JSMineset for drawing my attention to this article.

For my opinion about the gold price's reaction to currency debasement, see my presentation to Thomson Reuters: “Gold price fundamentals from a currency perspective”, found at

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