QE4 Ties Unemployment to Printing Speed
When last discussing the outlook for printing, we posted alongside our free premium article, Silver and Gold Price Action - Winter Outlook, a video of Dr. Robert Murphy titled “Inflation is the Plan.” And indeed it is.
After we saw the Federal Reserve’s (Fed) actions today to increase the speed of printing, combined with our update on the supply of currency and credit (see chart below), we knew the Fed’s plan to significantly raise prices is coming right along. They can never undo what they have just done.
To sum it up, the Fed committee members agreed to tie interest rate fixing to an unemployment target of 6.5% and increase printing speed from $40 to $85 billion a month as widely expected, and as we wrote in our winter outlook.
This is exactly what happened. We breakdown the details below.
Many times prior we have explainedContinue Reading →
Whether by a devaluation, as Roosevelt accomplished in the 30s or by price inflation of the late 70s, it will take many, many more, weaker dollars to buy the same ounce of gold in the future.