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
Commodities
2007-10-20
The Dollar Crisis Will Soon Trigger a Global Investment Crisis(6)
Posted by cheahyeankit at 8:32:00 AM
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