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The trouble with the money-printing madness in the Eccles Building is that it generates huge deformations, misallocations, and speculative excesses in the financial markets. Eventually these bubbles splatter, as they have twice this century.
Over the weekend of November 6-7, 2010, World Bank president, Robert Zoellick , proposed in a column written for the Financial Times that the global economy once more be linked to gold as an anchor to help maintain currency stability and reduce infla
NEW YORK/LONDON – Gold powered to an all-time high above US$1,400. Gold has risen almost 6% since just before the Federal Reserve detailed its plans last Wednesday to buy $600-billion worth of Treasuries to revive the economy.
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