Der Goldbullenmarkt:-)

verfasst von R.Deutsch, 12.03.2003, 11:26

-->Kurzfasung:

Die Fed (Greenspan, Bernanke) hat klar erklärt, dass man auch beim Zinssatz null nicht machtlos ist (auf Verschuldungsbereitschaft angewiesen ist). Die Fed kann alles mit frisch gedruckten Dollar (Monopolygeld) direkt ankaufen. (Aktien, Immobilien, Gold etc.). Klarer kann man wohl kaum mitteilen, dass der Dollar wertlos wird. Das Szenario dürfte also 1921-23 in Deutschland ähnlich sein (Hyperinflation). Die Menschen haben damals auch lange nicht gemerkt, dass es sich gar nicht um Preissteigerungen handelte, sondern das Geld (GZ) wertlos wurde.

The Gold Bull Market
Towards the end of last year the Fed confirmed that it would increase the supply of dollars by whatever extent was necessary to cause prices to rise. At the time that Fed representatives Greenspan and Bernanke made this promise the US$ had already been trending lower and the US$ gold price trending higher for 2 years, but having the Fed spell-out its intention to devalue the dollar should have been a wake-up call to the markets. In particular, it should have been a wake-up call to those who perceive deflation to be a clear and present danger. Those who expect deflation to occur in the US over the next 2 years must think Greenspan and Bernanke were lying when they promised to do whatever it took to de-value the dollar or they must not understand the power the Fed possesses in the field of currency creation.
If the Fed stuck to its traditional modus operandi and simply adjusted bank reserves in order to maintain a short-term interest rate (the Fed Funds Rate) at some arbitrary target level, then under certain conditions Greenspan and Co. would not be able to facilitate an increase in the supply of money. This is because they would necessarily be relying on individuals and corporations borrowing more money into existence in response to the lower short-term rates. But, if people were already 'tapped out' or returns on investment were very low then even a zero percent interest rate might not prompt significant new borrowing. The Fed's power is not, however, limited to the targeting of short-term interest rates. In order to increase the supply of money the Fed could, if it chose to do so, purchase private assets such as stocks, corporate bonds and real estate using newly-printed dollars. So, the question isn't whether the Fed has the power to inflate, the question is whether it will choose to inflate and by how much. Fortunately we don't need to guess the answer to this question because the Fed has already given us the answer. We can therefore be very confident that the price of gold is going much higher over the next few years and just concern ourselves with the path it is going to take to get from where it is now to that much higher price.

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gesamter Thread:

• Der Goldbullenmarkt:-) - R.Deutsch, 12.03.2003, 11:26
  • Re: Nettogeld ins System durch Plafondieren bei der Hereinnahme von Realwerten - Theo Stuss, 12.03.2003, 12:24
  • Nee, Papierbär ;-) - Diogenes, 12.03.2003, 12:44
    • Danke Diogenes - R.Deutsch, 12.03.2003, 13:48
      • Ãœbrigens 1922 hat Gesell sein Buch veröffentlicht.... - R.Deutsch, 12.03.2003, 13:52
        • Re: Ãœbrigens 1922 hat Gesell sein Buch veröffentlicht.... - Diogenes, 12.03.2003, 14:31
          • Sorry - stimmt nicht ganz - R.Deutsch, 12.03.2003, 14:48
    • Re: Nee, Papierbär ;-) - Fürst Luschi, 12.03.2003, 14:40