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Hugo Salinas Price: A reversal in the trend of international reserves
7:53p ET Monday, November 7, 2016
Dear Friend of GATA and Gold:
Hugo Salinas Price, president of the Mexican Civic Association for Silver, reports today that international currency reserves held by central banks continue to decline, likely signaling a deflationary trend, as the developing world sells reserve-currency bonds for cash. This, Salinas Price writes, likely will provoke more money creation by reserve-currency-issuing central banks to finance more government spending in an attempt to avert deflation. Salinas Price's report is headlined "A Reversal in the Trend of International Reserves" and it's posted at the association's internet site, Plata.com, here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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