This bit of G&D from our very own Ron Paul, quoted in the Financial Times:
At some stage – Mr Paul estimates it will be between one and four years – the dollar will implode. “The dollar as a reserve standard is done,” he says. He sees little hope for other currencies where central banks have also created too much liquidity dating right back to the early 1970s.
Read the whole thing here.
Forget the second-half recovery if you believe our guy Ron.
2 comments:
Glad you're back and hope all is well. I only follow three bloggers faithfully, so I definitely notice and miss you when you aren't posting. I wish you posted a lot more, though I understand that you'd probably prefer to watch the birds and the boats and actually have a life, rather than spending all your time entertaining us Loonatics.
Thanks for the kind words. We are working up to a new computer, and the old one is recalcitrant these days, accounting for sparse posting.
Speaking of boats and birds, you should like the new post.
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