From Terry Coxon in Doug Casey's, The Casey Report
posted on
Oct 09, 2008 07:21AM
Just a brief refresher on what really goes on out there...
"While the Federal Reserve can create any quantity of new reserves with just a few keystrokes, no number of keystrokes will summon up a single day of work, or a single barrel of oil, or a single piece of lumber, or a single square foot of factory floor space. With more money available, but without any increase in real resources, prices of most things eventually rise."
Comments: More money chasing more things equals less real worth of the dollars floating around out there. The dollar sinks, gold and silver rise. Bull