Sunday, May 31, 2009

Now, Euro Money Supply Out of Control

Following in the steps of Federal Reserve, the European Central Bank has joined the out-of-control money printing bandwagon.

M1 euro money supply growth rose sharply in April, from 5.9% to 8.4%, with the 6 month rate at 9.1% and the 3 month rate at 11.9%, reports Stefan Karlsson In August last year, annualized euro was as low as 0.2%.

Gold is going up for a very good reason. There's a near global severe price inflation ahead.

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