money figures show there is trouble ahead, page-3

  1. 6,966 Posts.
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    the articles last sentence is an eye-opener :

    "Western central banks will have to "monetize" deficits on a huge scale to stave off debt deflation. The longer they think otherwise, the worse it will be".

    now that could only be good i gold as i assume currencies of debtor nations would be devalued against gold.
 
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