2007-10-20

The Dollar Crisis Will Soon Trigger a Global Investment Crisis(6)

By the way, it has been said that money expansion should occur at approximately the same rate as inflation.

Given that the U.S. Federal Reserve targets inflation at 2% -3% a year,

then in 17 years, money supply outside the U.S. should have grown from $600 billion to about $913 billion.

Somewhere along the line, the Feds happened to grow money supply by $5,087,000,000,000 too much

(perhaps, if you are a dollar holder, you know understand why today, your U.S. dollar seems to buy you nothing, whether in London, Montreal, Paris, or Singapore).



By J.S Kim

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