Chuck Butler had an entry today in his Daily Pfennig that made me wonder just how long governments (including ours!) are going to continue to Print! Print! Print! And debase their currencies against physical gold - the one true currency!? Here's Chuck:
This morning, the news is all about the size of the aid package for Ireland. 85 Billion euros, ($113 Billion dollars worth).
Well, I see that Japan's parliament adopted a supplementary $60 billion budget to stimulate the economy and prevent the nation from sliding into deflation. The government said the money will protect or create 450,000 to 500,000 jobs and add 0.6% to this year's gross domestic product. I wish I had kept track of every time the Japanese Gov't had announced one of these stimulus measures. They go back to 1995, for those of you wondering. Yes, that's how long Japan has been stimulating their economy to create jobs and get consumers spending. And Oh yes. Japan has used the Quantitative Easing (QE) quite a few times in the past 15 years!
I know how to answer that question for Chuck! I read recently that aid package #10 was the last count. This makes #11. As I said, bailout world continues!
Your antidote for this madness? Buy gold! Own physical gold and gold coins from Lear Capital !