Central banks are coordinating rotating currency devaluations, Paul Brodsky says
5:50p ET Thursday, January 31, 2013
Dear Friend of GATA and Gold:
Paul Brodsky of QB Asset Management in New York today tells King World News that the world is experiencing "rotating currency devaluations ... coordinated by central banks." Brodsky adds, "There is no other choice, nothing else that can be done. Currencies must be destroyed through dilution, and debt must be shifted to central bank balance sheets where it can be left unmarked to amortize or default."
An excerpt from the interview is posted at the King World News blog here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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Opinion Around the World Is Changing
in Favor of Gold -- Find Out Why
When Deutschebank calls gold "good money" and paper "bad money". ...
When the president of the German central bank, the Bundesbank, pays tribute to gold as "a timeless classic". ...
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When a CNN reporter writes in The China Post that the "gold commission" plank in the 2012 Republican platform will "reverberate around the world". ...
When the Subcommittee on Domestic Monetary Policy of the U.S. House of Representatives twice called on economist, historian, and gold standard advocate Lewis E. Lehrman to testify. ...
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