02/14/2015 - Jim Rickards on Financial Repression: Governments are holding Melting Ice-Cubes to Reduce their Debt Burdens
From a USA Watchdog interview a few years ago, Jim Rickards explains how financial repression can be used to address the debt burdens of governments: “The answer is 4% inflation. It doesn’t have to be that high, it just has to be persistent. It’s like holding an ice cube in your hand. It just melts away. Well that’s what the Fed is doing, and that’s what financial repression is all about .. Financial repression only works if people cannot own gold.”
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