I can not possibly improve upon the following idea so I will not try.
Here is Paul Kasiel’s Message to China:
Everyone from Fed Chairman Greenspan to Treasury Secretary Snow seems to be offering advice to the Chinese monetary authorities as to how they should manage their currency. So, I will add to the unsolicited advice – anchor the renminbi to gold. ….
There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
Paul Kasriel has long been one of my favorite economists.
Hopefully he is now one of yours.
Rest assured The Northern Trust is a mainsteam organization and his call means (or should mean) a lot more than if this message came from me or you.
Paul & Paul
Ron Paul & Paul Kasriel
Two minds that are willing to tell it like it is.
Mike Shedlock / Mish/