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Alasdair Macleod: Gold price set for hyperbolic increase

Section: Daily Dispatches

11:41p ET Saturday, December 24, 2011

Dear Friend of GATA and Gold:

Economist and former banker Alasdair Macleod, who spoke at GATA's Gold Rush 2011 conference in London in August, writes today that five factors will push the United States into hyperinflating the dollar. Macleod writes:

"Essentially, money will be printed at an accelerating rate to buy time rather than face the three realities of government default, an over-indebted private sector, and a bankrupt banking system. The Keynesians are belatedly aware of the dangers and see no alternative to printing as much money as is required to defer these problems. The monetarists in the central banks are hesitant, torn between Keynesian fears of outright deflation and worries about the rate of monetary expansion so far."

Macleod's commentary is headlined "Gold Price Set for Hyperbolic Increase" and it's posted at GoldMoney here:

http://www.goldmoney.com/gold-research/alasdair-macleod/gold-price-set-f...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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