US Government policy is to cause prices to rise. This is an objective evil, but there you have it. Rare is it for anyone of any prominence to point this out, but Mish and James Grant do.
Grant notes manipulating interest rates today is merely and foggy kind of price control, true true. And he calls gold a kind of anti-debt. True again.
But instead of holding the medium of exchange against loss as a hedge, much better to invest that capital at no interest in the means of production or investing in small business productivity. It's the "no interest" part which will help you while helping others, something neither Grant nor Mish will acknowledge.
BTW, falling prices means good things are happening. Governments fight this, because it means they have lost control of picking winners and losers, their raison d'etre.
Feel free to forward this by email to three of your friends.
Grant notes manipulating interest rates today is merely and foggy kind of price control, true true. And he calls gold a kind of anti-debt. True again.
But instead of holding the medium of exchange against loss as a hedge, much better to invest that capital at no interest in the means of production or investing in small business productivity. It's the "no interest" part which will help you while helping others, something neither Grant nor Mish will acknowledge.
BTW, falling prices means good things are happening. Governments fight this, because it means they have lost control of picking winners and losers, their raison d'etre.
Feel free to forward this by email to three of your friends.
1 comments:
Regarding falling oil prices, check out this article:
http://www.washingtonsblog.com/2014/10/whats-behind-lower-gas-prices-bombings-syria-southeastern-ukraine.html
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