Article Excerpt:
“Additional stimulus will be needed soon, according to many Federal Reserve policymakers, unless the economy shows signs of a durable pickup. I don’t see any signs of a durable pickup, so I think they are signaling that there is going to be additional easing. The indication here is that we are going to see more money printing, and therefore the major currencies will become worth less. That, of course, means gold becomes worth more. I think it’s tragic that they are destroying the currencies, but that’s what’s happening. It not only destroys the currency, but it also destroys the fabric of a country.”
