"Be Afraid of the Dollar, Not Gold"

[Thanks to bibleetnombres.online.fr for the image.]

These words have got to be one of the best statements I have read recently:

"This is where mainstream economics turns logic upside down. Instead of realizing that the inflation before the collapse of certain industries is the cause, mainstream economics uses econometrics to examine piles of data. The data itself becomes synonymous with the recession, as though nothing in the past helped cause the present circumstances. The recession caused itself. From this thought pattern, it then follows that to adjust those 'markers' of the recession is to provide the cure. If certain industries are collapsing and prices are falling, the government must inflate even faster, argue mainstream economists. It is akin to pushing the mercury in a thermometer down to cure a fever."

This guy gets it. Read the whole article, because he's got it right. I don't know about the price of gold in the near future, but the thinking of this "ordinary" gentleman is as good as any academic economist's ought to be.

Now, why aren't the perfessers on this track as well? Hubris, maybe? Belief that their macroeconomic or econometric voodoo is better than common sense?

PS Discloser: The author of these comments has some connection with a website of a 911 conspiracy theory group that I do not feel I can support without further research. I guess that just goes to show that common sense can be found in the most unusual places, and that you can't judge a cover by its book.