to be or not to be...qe is here to stay, page-2

Hi TB

There is a constant debate from some who say that Gold is not money, IE not currency.

Well we are getting to the stage where the paper stuff is no longer money, it is truly monopoly stuff.

It is not actually backed by anything other than government promises certainly not by assets of any kind, and those promises can change with the wind changes.

Obviously if the money supply keeps increasing it is already causing inflation even if government figures do not show it.

Any new money decreases the value of the original even if the economy has not factored it in.

The only problem is the question of when will this fairy tale finish