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Alasdair Macleod: Gold price set for hyperbolic increase
11:41p ET Saturday, December 24, 2011
Dear Friend of GATA and Gold:
Economist and former banker Alasdair Macleod, who spoke at GATA's Gold Rush 2011 conference in London in August, writes today that five factors will push the United States into hyperinflating the dollar. Macleod writes:
"Essentially, money will be printed at an accelerating rate to buy time rather than face the three realities of government default, an over-indebted private sector, and a bankrupt banking system. The Keynesians are belatedly aware of the dangers and see no alternative to printing as much money as is required to defer these problems. The monetarists in the central banks are hesitant, torn between Keynesian fears of outright deflation and worries about the rate of monetary expansion so far."
Macleod's commentary is headlined "Gold Price Set for Hyperbolic Increase" and it's posted at GoldMoney here:
http://www.goldmoney.com/gold-research/alasdair-macleod/gold-price-set-f...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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a Stable Dollar Worth Its Weight in Gold
Lewis E. Lehrman, chairman of the Lehrman Institute, sponsor of The Gold Standard Now project, has released a plan to restore economic growth through a stable dollar.
The plan, titled "The True Gold Standard: A Monetary Reform Plan Without Official Reserve Currencies," responds to the recurrent economic crises of the last century and outlines a detailed proposal for America's leadership on "how we get from here to there." That is, how we get from the present unstable paper dollar to a stable dollar as good as gold.
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