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The Cantillion Effect: Why Government Handouts & Paper Fututures
by alexoscarew | February 4, 2013 at 11:15 am
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Read More: http://newsdoors.blogspot.com/2013/02/the-cantillion-effect-why-government.html
As free or low priced money floods any economic system it skews the value of the FIAT and the goods paid for by this funny money.
The government pays out $1,000,000,000,000 (trillion) in transfer payments a year. This is big money that has no effort, sweat or value recognition embedded in it. It’s free money.
Similarly, in gold & silver, price discovery has been blown all to pieces because of another free money crowd, the paper traders.
Read More: http://newsdoors.blogspot.com/2013/02/the-cantillion-effect-why-government.html
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