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Alasdair Macleod: The 80 / 20 rule
10:19p ET Tuesday, September 24, 2013
Dear Friend of GATA and Gold:
In his new commentary, "The 80 / 20 Rule," GoldMoney research director Alasdair Macleod warns that money exiting the bond market as interest rates rise will likely inflate asset prices and make inflation even more of a hardship for people of no particular financial means. "The fatal error of rescuing both the banking system and government finances by reckless currency inflation is becoming apparent to all," Macleod writes. "Unless this policy is somehow reversed, we risk a global rerun of the collapse of the German mark in 1923." Macleod's commentary is posted at GoldMoney's Internet site here:
http://www.goldmoney.com/en-gb/news-and-analysis/news-and-analysis-archi...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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