Oz Blog News Commentary

lack of solvency and credibility of the currency issuer...

May 27, 2024 - 18:19 -- Admin

The money supply is rising again, and persistent price inflation is not a surprise. Price inflation occurs when the amount of currency increases significantly above private sector demand. For investors, the worst decision in this environment of monetary destruction is to invest in sovereign bonds and keep cash. The government’s destruction of the purchasing power of the currency is a policy, not a coincidence.


Gold Prices Rise as the Dollar Slowly Dies


BY Daniel Lacalle


Readers ask me why the government would be interested in eroding the purchasing power of the currency they issue. It is remarkably simple.

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