19 February 2011

Bundesbank loses last sensible bullwark against Inflationists

Axel Weber's resignation from the top of the German Bundesbank leaves the world adrift in a sea of paper money that irresponsible politicians and their puppets at the helm of the main central banks use to paper over the cracks of their incompetent economic policies. Gold, Silver and other hard assets may have reached record highs but given this sad political backdrop a change in flight to safety is not in sight.