from King World News
As we get ready to what should be a very exciting fall, one firm is calling for a significant upward revaluation of gold.
“The cycle of manias and panics results from procyclical changes in the supply of credit…
Money always seems free in manias.” — Charles Kindleberger
By Ronald-Peter Stoeferle, Incrementum AG Liechtenstein
September 14 (King World News) – In order to prevent a credit collapse, which would be fatal for the monetary system, central banks have tried to cushion the global financial crisis by an even more expansive monetary policy.