That means all the government interference is already fully in place. The economy is bloated with cash and savings, but all of the inflation simmered in the background so few people saw inflation coming.
Surely many issues remain to be addressed arising from last week's panicked protest to the Bank of England by the London Bullion Market Association and World Gold Council about the impending "Basel 3" regulations emanating from the Bank for International Settlements..
Maguire construes the Basel III regulations as an attack on the "paper gold" mechanism of gold price suppression, a trigger for an upward revaluation of gold, and thus an attack against the domination of the currency markets by the U.S. dollar.
With stocks riding an extreme deluge of Fed money printing, selloffs are minor and far between. But are these seemingly-perpetual gains to endless lofty record highs justified fundamentally?
All indications point to another gold run amid rising geopolitical tensions, tighter supply, central bank gold buying, low interest rates, negative real yields, and what could be the most inflationary period in decades.
Prior to yesterday’s receipt of the Commission’s response, I would have had to count the agency as on the side of the 4 big shorts, but now, I’m not so sure.
Unfortunately the world’s ecological balance has not been right for a very long time. As a society, we are consuming resources far more quickly than we are replacing them, which is the very definition of unsustainable.
