When
you get out of dollars you depreciate the price of dollar-denominated
assets. So the Fed would lose control of the bond market and interest
rates would rise. Their policy would come undone. I think that’s why
they’ve been manipulating the gold price, driving it down, to create the
impression that there is no alternative to the dollar. At some point
they will run out of the ability to do that.”
No comments:
Post a Comment