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RE: US Interest Rates Headed to NegativLand
Negative interest rates are a precursor to rampant inflation. Any surprise that gold went past the $1,500 support line?
Negative interest rates are a precursor to rampant inflation. Any surprise that gold went past the $1,500 support line?
Yeah, that's the whole point of NIRP. Central bankers would rather have inflation than deflation. We are pretty accommodating right now and basically have no real inflation. That's why I'm making this prediction. It's basically fated to happen at this point.