is the gold bull over?, page-48

A deflationary implosion implies individual and national poverty, something completely unacceptable to the peoples of proud, prosperous nations like the USA.

If, then, the USA population gets to feel threatened by deflation, we could expect them to become at least as angry as the Greeks.

Yet, recovery strategies like ZIRP and QE are having less and less effect, and nothing else is seen in the wings as yet.

The USA government must eventually respond, if only for fear of an uprising.

I'm guessing that the net result will be a new trend leading away from bank-mediated recovery strategies, toward large-scale last-ditch government spending initiatives.

Any such initiative could be expected to drive inflation and revitalise gold prices.