Central banks are engaged in a desperate battle on two fronts

posted by
October 20, 2011
Casey Research
by Ed Steer  
Posted in Commentary

"What we see at present is a battle between the central banks and the collapse of the financial system fought on two fronts. On one front, the central banks preside over the creation of additional liquidity for the financial system in order to hold back the tide of debt defaults that would otherwise occur. On the other, they incite investment banks and other willing parties to bet against a rise in the prices of gold, oil, base metals, soft commodities or anything else that might be deemed an indicator of inherent value." (10/19/11)

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