Deflation is really an economy killer ... once you instill that idea where spending is bad, you upset the whole deal ... so to fend it off, what else can you do but devalue, once again, your fiat construct .... but then, thing is, if the other currency blocs are also having a hard time, against what could you devalue your own paper?
.. well, how about against some wondrously beautiful malleable durable yeller metal with a history of being real money ... for a start ... eh
People respect Bill Gross, for good reason ... earlier briefing.com paraphrased him, soon as this piece came out i guess, it was on their blurb on ca.finance.yahoo.com before 10h00 pacific ..... but the general public is not yet aware of gold, we've got a ways to go yet .... we'll see PoG400 in this calendar year, i'm fairly sure of that now
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