Monetary Base up 38% Year-to-Year October 27, 2008
Posted by Jeff Nabers in : Money, Precious Metals, Self Directed IRA Solo 401k , add a comment
According to John Williams’ Shadow Government Statistics October 26 Flash Update, year-to-year
Monetary Base is up 38%. Expansion of the money supply creates inflation and debases the wealth of people holding U.S. Dollars.
The lesson? Don’t hold U.S. Dollars. Seems kind of tough if you live in the U.S. though, doesn’t it?
Foreign bank accounts have been used for decades as a means to hide income and assets from taxation… sometimes legally, sometimes illegally. I believe the coming hyperinflation will foster a whole new flight of capital into foreign bank accounts for a different reason: (more…)
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