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RE: Jacob Rothschild Speaks: Monetary Experiment Coming To An End. Time To Get Serious About Your Exposure.
It does seem unjustifiably high, but in my mind all the fiat currencies are ultimately equally worthless so it's a relative race to the bottom.
That is true, although it will be interesting to see if the RBA stays in that race or if they bail out and stick it to the exporters. It's the same choice of all other nations really - deflation or inflation. But considering the deflation path makes all the regulators look bad, and inflation is easier to blame on others, my money is on inflation.
I think the dynamics will be interesting. Mike Maloney sees both inflation & deflation happening, either in rapid succession or even simultaneously in different areas of the economy. Bluntly put, it's a train wreck!