Paper Money Sinks On New Digital Dollars And Bonds
August 17, 2010 at 00:30 AM EDT
The following article on the demise of fiat currencies is put together by business associate Roger Wiegand. Roger is a technical analyst and trader. This craziness is nothing new and a long list of Western nations and others are going desperate, trying to print their way out of a global deflation mess. “The conventional wisdom and the economically and politically correct view is that gold is passé and that we never again have a gold standard. The central banks no longer call for outright gold demonetization, although western central banks representing mature economies with relatively low economic growth continue to sell gold. In the meantime, Asian central banks with rapid economic growth and historic growth in wealth have only 6% of official reserves in gold. Time will tell …