``"Especially noteworthy is that in the course of this international financial crisis, the United States shows a huge financial deficit but it did not sell any of its gold reserves to reduce debt. Instead it turned on the printer, massively increasing the U.S. dollar supply, making the wealth of those countries and regions with foreign reserves mainly denominated in U.S. dollars quickly diminish, in effect automatically reducing its own debt."''

Lijit Search

Comments: Be the first to add a comment

add a comment | go to forum thread