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Alasdair Macleod: The deflationist error
8:12a ET Monday, June 24, 2013
Dear Friend of GATA and Gold:
As central banks no longer are restrained by gold convertibility, they always can create as much money as necessary to avert deflation, GoldMoney research director Alasdair Macleod writes today. And as gold is so narrowly owned, disproportionately by people and countries in Asia who consider it "super-money to be hoarded" and "a refuge from paper money," it is unlikely to be used to repay debt. Macleod's commentary is headlined "The Deflationist Error" and it's posted at GoldMoney's Internet site here:
http://www.goldmoney.com/gold-research/alasdair-macleod/the-deflationist...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
Jim Sinclair to hold seminars in July
in Chicago, Vancouver, and Scottsdale
Mining entrepreneur and gold trader Jim Sinclair is planning three more seminars on his view of the markets and gold's prospects -- in Chicago on Monday, July 8, in Vancouver on Wednesday, July 10, and in Scottsdale, Arizona, on Friday, July 12. Details can be found at his Internet site, JSMineSet.com, here:
http://www.jsmineset.com/2013/06/13/chicago-vancouver-and-scottsdale-qa-...
Join GATA here:
Liberty Mastermind Symposium
Double Tree Hotel, Dallas-Fort Worth Airport
Friday-Saturday, June 28-29, 2013
http://www.libertymastermind.us/
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