Ето част от анализа на канадската фирма Bolder Investment Partners , относно ролята на златото . Целият анализ е 29 стр. и ако някой иска мога даму го пратя
The great Austrian School Economist, Ludwig von Mises wrote, “There is no means of
avoiding the final collapse of a boom brought about by credit expansion. The question
is only whether the crisis should come sooner as a result of a voluntary abandonment
of further credit expansion, or later as a final and total catastrophe of the currency
system involved.” There has never been any attempt to abandon the credit expansion.
Indeed any crisis was simply an excuse to open the monetary spigots. This, then, is
the beginning of the total catastrophe of the American dollar, indeed the entire world
monetary and financial structure. My deceased friend, Teddy Butler-Henderson, met Alan
Greenspan in the 1960’s. They apparently discussed the Kondratieff Cycle. According to
Teddy, Alan Greenspan confided that he hoped he could be Federal Reserve Chairman
at the onset of a Kondratieff winter, because he felt he could defeat winter by substantially increasing the money supply and reducing interest rates to near zero. He had his wish and effected those actions following the 2000 stock market peak.
This effectively put winter on hold but massively compounded already excessive
credit to the extent that people who should never have had access to loans were willingly
given them. Now the credit bubble that Alan Greenspan initiated is beginning to unwind.
The process will be horrific and cannot be reversed. Incidentally, Mr. Greenspan
told Teddy during that same conversation that if he failed to thwart the Kondratieff winter, it would make what followed 1929 look like a ‘Sunday school picnic.’ This is what we have to expect. The rapidly advancing monetary crisis centered on the dollar
is reminiscent of the previous Kondratieff winter crisis, which was focused on the British
Pound. The Pound’s collapse in 1931 brought down the world monetary system and
caused the abandonment of gold as a backing for money. But in the coming financial and
economic chaos that is characteristic of the Kondratieff winter, gold will reassert its traditional role as money.The demand for gold, just as it was in the early 1930’s, will
be enormous. Since this crisis is much greater than the crisis of the 1930’s and international in scope, the rush to own gold is likely to be far more pervasive than it was
then.The unfolding crisis has enveloped the globe. Central banks are pouring money into chartered banks in an effort to stabilize the situation. In the three weeks following the
failure of the Bear Stearns funds and other hedge funds,the injection of cash by the
world’s central banks totaled almost half a trillion dollars. The cash infusions continue.
