by Puru Saxena
Editor, Money Matters
November 14, 2008
“Central banks and governments are printing TRILLIONS of paper currencies around the world, the US has now become a socialist society and all this money-creation should result in a huge inflationary tsunami in the future. In my opinion, those who are forecasting deflation, don’t understand our monetary system. What we have seen in the recent past is not deflation but a contraction in asset prices due to liquidation.” (Read more from financialsense.com)