Tuesday, March 3, 2015

If Gold Does Not Matter... Credit Deflation

How come Austria wants theirs back?
The Austrian Court of Audit expresses great concern about the disproportionate amount of official gold reserves (229.6 tonnes) stored at the Bank Of England (BOE), which will be the Austrians excuse for repatriating“the gold depository contract with the depository in England contained deficiencies” and, “gold reserves stored abroad, internal auditing measures were lacking”. They’re putting it blunt for an official source on a topic so sensitive as gold.
The crazy scam of the last 40 years, credit inflation, is over.  Now the operative opposite is in play, credit deflation, and it will suffer regression to the mean.

Further, credit inflation was largely engineered, credit deflation is a free-fall event.

If you know, you need not watch out.  You'll do fine.

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