Money Pump Across The Globe.. (but inflation is not a worry.. wink wink)

"... the good times will be coming from the ocean of money that has been created and is still being created. It's being created, not only here in the US, but an ocean of money is being created all over the world. The following are figures for the increase in money supply from the following nations" --

42% in Russia
21% in India
18% in China
12% in the UK
15% in the US
8% in Canada.

Richard Russell, February 20, 2008

 

Did you get that from his letter?

 

Yes

 

So what does he think is going to happen. I obviously know he is bullish on gold

 

More credit problems. Fed to do EVERYTHING necessary to shore up the banking system (whatever that means... super-duper money pump, of course, included.).

 

The fed just lets everyone do whatever they want and then tells everyone they can fix all the problems.

I cant wait to see what happens if they fix it. The situation will be even worse than this time. I guess thats why in the end this whole thing is going to fail.

 

Over what time period is this data for. I am most interested.

 

He's posted these data before, and it has always been "last 12 months"... his letter this time didn't specifically mention the time frame, but I think it's correct to presume it's last 12 months again.