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Alasdair Macleod: Fiat money quantity hits record
11:33a ET Monday, November 18, 2013
Dear Friend of GATA and Gold:
GoldMoney research director Alasdair Macleod reports today that his fiat money quantity indicator has risen sharply along with interest rates, suggesting that "quantitative easing" is still not sufficient to suppress rates and that other rate-suppressive measures may be necessary. Macleod doesn't note it, but, since the gold price long has been recognized as a determinant of interest rates --
among the interest-rate suppressive measures available to central banks is gold price suppression.
Macleod's commentary is headlined "Fiat Money Quantity Hits New Record" and it's posted at GoldMoney's Internet site here:
http://www.goldmoney.com/research/research-archive/fiat-money-quantity-h...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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