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Alasdair Macleod: The coming slump
8:27a ET Monday, July 28, 2014
Dear Friend of GATA and Gold:
Calculations of national gross domestic product are bogus because they omit too much even as most of what they measure is only monetary inflation, which mainly transfers wealth from its creators to the issuers of money and credit. That's what GoldMoney research director Alasdair Macleod writes today in his new commentary, "The Coming Slump," posted at GoldMoney here:
http://ww.goldmoney.com/research/analysis/the-coming-slump?gmrefcode=gata
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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