Eric King: “Jim, we just had the piece from Switzerland discussing US money velocity on KWN and how it is at the lowest level in 50 years.”
Sinclair: “That is a fact. The velocity of money is at an all-time low in recent history. The general interpretation is that in order to have inflation you need to have the velocity of money sharply accelerating, and that very low levels of velocity of money without any periods of even modest improvement is the definition of a deflationary environment.
The greatest enemy that now exists of the multi-trillion dollar efforts to resuscitate the world economy is the terrible “D” word (Depression)….
Read the complete article at King World News here.
Please Note: This article is to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.