Loading ...Government will raise inflation rate Target to counter stock market sell off ….Theres an easy way to do that……Raise the price of GOLD inflation will follow…the leader ..Gold is money ..everything else is credit …Right now credit is pushing on a string ..thats what the FED is doing ….Nothing happens in the real economy because credit is debt …..MORE DEBT IS NOT needed ….MORE real Money like GOLD will do whats needed…RAISE the PRICE by stopping the naked short sale of GOLD !Derivatives wont do it..the tail dont wag the DOG ! Raise the price by 5 % and you will stop the slide on Wall st . and get the 2 % inflation they talk about…and not a contraction in REAL money and what it will buy.
They made the same mistake in 1933 ..they failed to price GOLD right ,and they got the GREAT CONTRACTION…It was the BANKERS at that time that argued for a less than adequate GOLD PRICE , and what they got was tight money ..the DOLLAR was as good as GOLD and spending dried up ,prices fell .STOP listening to Bankers..they are not the ECONOMY …Raise the GOLD price and people will spend the less valuable paper money ,which is whats needed !GET the velocity of money up !,Devalue the PAPER and they will spend it..