Wednesday, April 25, 2012

"Buying the Battered Remains 
of the Jazz Age"
“Technically, both the U.S. and Europe are dead broke, and their GDPs would have to run wild on the upside to make the debt to GDP ratio more acceptable. How will it all end? It will end with the central banks churning out junk fiat inflation-adjusted ‘money’ in order to service the debts. Meanwhile, precious metals & other tangibles are being bought up by millionaires and billionaires .. During the Depression, wealthy individuals husbanded their dollars, and later got rich buying the battered remains of the Jazz Age of the twenties. It may not be that easy .. This time history may not rhyme.” 
- Richard Russell (AA)

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