2012-09-11goldmoney.com

``Markets need to clear over-priced stock, assets and unsustainable debt. Getting there by inflating the problem away, which is essentially what central banks are doing, only destroys the savings necessary for genuine economic progress. It is a confused policy of making us wealthy by destroying wealth. It seems extraordinary that this simple fact has escaped the combined mental capacity of all those highly qualified committeemen and civil servants.''



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