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News Link • Economy - Economics USA

The Velocity of Money Is Coming, Along With Big Price Inflation?

•, by Staff Report

Free-Market Analysis: Axel Merk of Merk Funds is out with another good analysis of the tremendous monetary inflation now inherent in the Western dollar reserve system and its eventual impact.

We have always argued ... wait. Sooner or later there will be tremendous price inflation.

Does Merk agree? He is troubled, at least by the language that US Federal Reserve Chairman Bernanke is using in calling for "humility" and points out that Bernanke's sense of it and a normal person's is not the same.

This is, in fact, a kind of elite dominant social theme, in our view. It is the presentation of a fear-based meme that only top money minds like Bernanke's can successfully manage what's going on.

It is a kind of promotion as well, for what Bernanke and other central bankers are doing these days is nothing more than a kind of damage control. Today, having fully wrecked the world's economies, central bankers want to appear "humbled" by the forces they have so destructively manipulated.

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