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Category Archives: Special Drawing Rights

The Gold Imperative


Got Gold? [courtesy Google Images]

Got Gold?
[courtesy Google Images]

Gold-Eagle.com published an article entitled “The Inflation Imperative” which stated in part that:

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“The western welfare states (US, UK, EU etc.) have borrowed more digital currency than can be repaid at current values. The choices are:

“1. Massive inflation: a bad choice.

“2. Default: an even worse choice.”

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In fact, these two choices could be more clearly expressed as:

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1. Covert debt default by means of massive inflation: a bad choice

2. Overt debt default: an even worse choice.

. Read the rest of this entry »

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