GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Wednesday, December 25, 2013

Richard Duncan: QE Replaces Growth... For Now | McAlvany Commentary

-Credit in US: 1 trillion in 1968, 58 trillion in 2013
-If wages can't pay the interest, QE must fill gap
-The risk of tapering QE: Stock & Bond collapse


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