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James Turk: Hyperinflation watch
9:20p ET Wednesday, February 24, 2010
Dear Friend of GATA and Gold:
GoldMoney founder and GATA consultant James Turk, editor of the Free Gold Money Report, comments tonight on the latest legerdemain of the U.S. Treasury Department and Federal Reserve, the Treasury's plan to borrow $200 billion and park it at the Fed. "The Fed is not there to fight inflation or encourage full employment or any of the other laudable reasons given for its existence," Turk writes. "The Fed has one mission. It is to make sure that the federal government obtains all the dollars it wants to spend. If the federal government cannot attract these dollars from the world’s savings pool, then there is only one other way to obtain them. The Fed must print them."
Turk's commentary is headlined "Hyperinflation Watch" and you can find it at the Free Gold Money Report Internet site here:
http://www.fgmr.com/us-treasury-takes-another-step-on-the-road-to-hyperi...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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