Quaintance and Brodsky: Enough of the favoritism -- get on with the devaluation

Section:

8:28p ET Friday, January 11, 2013

Dear Friend of GATA and Gold:

In their new reflection on the world economy and international financial system, the economists and fund managers Lee Quaintance and Paul Brodsky of QB Asset Management in New York (http://qbamco.com/) have had enough of central bank favoritism and subsidies to big banks and rich folk with access to discounted capital, the financial gaming that has indefinitely postponed real economic growth, the scheming for faster mechanisms of infinite money creation (like the trillion-dollar platinum coin) and market leverage, and the loss of sensible valuations. Time, Quaintance and Brodsky say, to get on with the big reset, the worldwide devaluation of currencies and their pegging to sovereign gold reserves.

Indeed, the blatant suppression of gold futures prices over the last few months even as international financial conditions have gotten crazier hints at the surreptitious redistribution of sovereign gold in advance of coordinated devaluations that Quaintance and Brodsky mused about last May:

http://www.gata.org/node/11373

With the continuing kind permission of Quaintance and Brodsky, their new paper, titled "Macro Polo" -- as in macro-economics -- has been posted in PDF format at GATA's Internet site here:

http://www.gata.org/files/QBAMCO-MacroPolo-01-2013.pdf

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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