The American Empire in a Changing World


Friday, August 17, 2012

''The US dollar must be devalued in order to shrink the destructive power of debt''

From Gold Alert

''The US MUST do something about its deadly compounding debts.

I note that John Paulson and George Soros have increased their positions in gold. I have to believe that Soros receives the best information available. Both of these men like BIG plays. What could Soros be thinking? The forces of deflation are weighing heavily on the US, and Fed chief Bernanke will absolutely not tolerate deflation.

The US holds the world’s biggest hoard of gold. The simple, obvious move would be to unilaterally raise the price of gold. This would devalue the dollar and all other currencies overnight.''

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