Keynes on the menace of printing money
By GCRU Gold News on Monday, December 7 2015, 22:08 - Permalink
Keynes was an economic theorist, but he was also a clear-eyed market analyst, and a passionate and committed speculator for his own account and for Cambridge University. If he took in today’s economic vista of near-zero interest rates and quantitative easing, it is clear that he would be buying gold hand over fist—regardless of what his disciples might think.
I keep coming back to former Fed chairman Alan Greenspan’s comment last October that "Gold is a good place to put money these days given its value as a currency outside of the policies conducted by governments."
“The end of capitalism will be due to the unbelievable amount of debt that is currently being created. This will create monster inflation that will destroy every currency. The only currency that cannot be destroyed is gold. When investors realize this, we’ll have the makings of the greatest bull market in gold ever seen.” Richard Russell