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Paul Brodsky: The monetary system has devalued 47% in 10 years
10a ET Wednesday, May 25, 2016
Dear Friend of GATA and Gold:
The world's currencies have been steadily devaluing against gold over the last decade, economist and fund manager Paul Brodsky of Macro-Allocation.com writes in his new study, and he expects such devaluation to continue and increase under the coordination of monetary authorities, which will nevertheless pretend that they are doing no such thing.
In any such endeavor and all their other endeavors the monetary authorities will be powerfully assisted by the agreement of mainstream financial news organizations never to ask them any critical question about their largely surreptitious interventions in the markets.
Brodsky's study is headlined "The Global Monetary System Has Devalued 47% over the Last 10 Years" and it's posted at Zero Hedge here:
http://www.zerohedge.com/news/2016-05-24/global-monetary-system-has-deva...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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