Playing the Indian Card

Thursday, January 29, 2009

Buy Gold--Or Paper Mills


Here's a graph that scares me, courtesy of Captain Capitalism: it claims to show the US monetary supply.

It looks as though scrip is being printed at an unprecedented rate.

My guess is that the theory is that this will prevent deflation, as money has been sucked out of the system by the credit collapse.

But it sure looks reckless to me.

No comments: