Replies to post #79577 on ajtj99's Market Pulse

[chainik]

There were no major economic shocks during the last 25 years. There is a decent chance that there will be one in the future.

I am sure you know the standard gold bug drill - unbalanced economy, big and growing budget deficits, problems with future financial obligations, negative savings rate, etc etc. I don't see an easy way out of the current mess. When there is a choice between serious recession and inflation, IMO inflation will be chosen.

You cannot indefinitely increase M2 at 8% rate and bs about 2% inflation with a straight face.