Oh Lordy.
Yawn
miscreanity: i've been meaning to ask you. one of your basic tenets is that CB's will
never allow riots in the street here in the US as an argument against deflation ever being allowed to occur (as if they could control it
).
how do you reconcile the fact that Draghi and his merry band of CB's along with the IMF/Troika-F*cks have been more than happy to impose austerity demands onto the Greeks, Spanish and Irish despite the fact that they are clearly leading to riots, rise of Nazi-like Golden Dawns, and public suicides? seems to me as long as ECB/EMF loans get extended to the debtor countries, like Greece, and then are channeled back to the Northern European banks for debt payments, they are more than happy to let this deflation/depression grind on.
why can't that come here and lead to a deflationary collapse in gold prices?
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