E-Mail 'The Coming Dollar Downleg And Gold Upleg' To A Friend
by Trace Mayer, J.D. on January 23, 2012 · 2 comments
Email a copy of 'The Coming Dollar Downleg And Gold Upleg' to a friend
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ABOUT THE AUTHOR: Trace Mayer, J.D., author of
The Great Credit Contraction holds a degree in Accounting, a law degree from
California Western School of Law and studies the Austrian school of economics. He works as an entrepreneur, investor, journalist and monetary scientist. He is a strong advocate of the freedom of speech, a member of the Society of Professional Journalists and the San Diego County Bar Association. He has appeared on ABC, NBC, BNN, radio shows and presented at many investment conferences throughout the world. This is merely one article of 228 by
Trace Mayer, J.D..
Tagged as:
bank run,
bitcoin,
credit crisis,
dollar crisis,
dollar downleg,
eurozone crisis,
facta,
gold,
gold upleg,
palladium,
platinum,
silver
{ 2 comments… read them below or add one }
Didn’t you talk/write about this a LONG………… time ago?
Here’s Bill Gross of PIMCO in his Feb newsletter at the last paragraph.
Where does credit go when it dies? It goes back to where it came from. It delevers, it slows and inhibits economic growth, and it turns economic theory upside down, ultimately challenging the wisdom of policymakers. We’ll all be making this up as we go along for what may seem like an eternity. A 30-50 year virtuous cycle of credit expansion which has produced outsize paranormal returns for financial assets – bonds, stocks, real estate and commodities alike – is now delevering because of excessive “risk” and the “price” of money at the zero-bound. We are witnessing the death of abundance and the borning of austerity, for what may be a long, long time.
But those of us with PM’s are LOTS better off!
Jay, Sure sounds like my book, The Great Credit Contraction!