Wednesday, November 18, 2009

Gary North on Money, Part 15: Hoarding, Old and New

Someday, perhaps, central banks will stop subsidizing their respective Treasury Departments. On that glorious day, governments will move rapidly toward bankruptcy, interest rates on government debt will rise, the markets will begin to crash, consumer prices will begin to fall, and the mother of all bank runs will begin. Get there early.

Read the full article. Read the full collection of articles on What is Money? by Gary North on BRC.

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