/biz/ - Business & Finance

>>23843066

Vangold isn't down, you must be looking at the illiquid OTC. Somebody accidentally did a market sell there and lost a lot of money. They're talking about it on ceo. The stock is up 30% since October, that's one month ago. You are mistaken when you say that it has been at 20 cents for months. In fact, I recommended it here two months ago, at the start of September, and it is up 50% since then.

https://ceo.ca/vgld

>>23842753

We have to be careful with our terms here. As I say, under the Austrian definition of inflation, inflation is an expansion of the money supply. So Q. E. is inflationary by definition. What I think you are trying to say is that Q. E. doesn't cause rising consumer prices, but that's actually a central-bank falsehood, and ShadowStats and the Chapwood Index give the lie to the notion; increase in consumer prices has been 10% per annum for many years now. You can read financial news articles from the early 2000s where they tell the same lies as they do today, claiming, "there's no inflation, central banks are desperately trying to get inflation but they simply can't manage"--and yet gold, the measuring-stick of inflation, has gone from $200 to $2000 since that point, so evidently there _has_ been enormous "inflation" (according to their definition of the term). The bankers always pretend as if inflation is the farthest problem from their minds because, if they acknowledged the existence of high inflation, the system would collapse very quickly. Hyperinflation is much more a psychological phenomenon than it is a direct result of monetary policy, and they know this. Q. E. means inflated bank deposits as well as an artificial increase in the price of bonds, which real investors then get rid of in exchange for dollars.