The American Spectator

Reader Mail

(Page 2 of 15)

p>My humble opinion: Gold will have its ups and downs, but it's a winner in the long run. Why? Because the amount of debt and unfunded liabilities of the government is so massive that to maintain the economic order -- and hence social peace -- it will require monetary policy to become ever looser. This spells inflation which means higher prices for tangible assets, including gold. br> -- Peter Skurkiss br> Stow, Ohio /p>

I find your observations as to the money supply an interesting one. But riddle me this one, sir, why did the Fed just a couple of weeks ago stop publishing the M3 money supply data?

With the dollar no longer pegged to a standard and no appreciable data to track the total dollars floating in the world markets now; it is anybody's guess as to what that value is. So essentially, your dashboard is missing the speedometer.

p>If I were a funds manager I would be very afraid we're not driving off a cliff. br> -- John McGinnis br> Arlington, Texas /p>

Well I'll be damned.

Bethell knows what he's talking about, his analysis makes sense, and he has a bit of insight.

I've been a student of the Fed since my early days in grad school in the '70s, and rarely do I see public commentary of this high quality.

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